co-op bank accounts

[debtinfo]

Unfortunately co-op (the (un)ethical) bank has decided to stop giving out basic bank accounts to bankrupts from tomorrow. see their site for further details

 

http://www.co-operativebank.co.uk/servlet/Satellite/1347603516521,CFSweb/Page/CFSCtplStandard

[Wintry]

Hi

 

What a dismal article in justification from the suits

 

Maybe the powers that be have a different definition of Financial Inclusion or is it exclusion, hard to tell really with announcements like this, maybe its a case of 'lets make it as hard as possible for people to get a basic bank account'

 

Debt Relief Orders & IVAs are formal insolvency solutions too, wonder how this works with the CO-OP - maybe they are still working on those, probably let us know in good time

 

And next, people in DMPs or maybe anyone with any type of debt??

 

All helps does'nt it

 

Lets see what happens next (I wonder if the Credit Unions can get in on this somewhere)

Edited September 17, 2012 by Wintry

[debtinfo]

TBH i didnt mind so much when other banks did it as what else should we expect of them, they have already previously nailed their colours to the mast. But co-op trade on the fact that they are ethical, lets face it they are nearlly always more expensive than other companies and offer crap rewards for using their services but for many people that didnt matter as it was worth taking that as it came with the promise that they would deal ethicly with its customers and suppliers. This shows that that promise is only skin deep and i would encourage as many as possible to shun the entire co-op group from now on

[Wintry]

TBH i didnt mind so much when other banks did it as what else should we expect of them, they have already previously nailed their colours to the mast. But co-op trade on the fact that they are ethical, lets face it they are nearlly always more expensive than other companies and offer crap rewards for using their services but for many people that didnt matter as it was worth taking that as it came with the promise that they would deal ethicly with its customers and suppliers. This shows that that promise is only skin deep and i would encourage as many as possible to shun the entire co-op group from now on

 

Hi

 

Good post debtinfo.

 

Strange, thats a couple of times now that we have agreed, dont think it will last though, somethings coming on IPAs & IPOs that will raise an eyebrow or two of yours me thinks - keep watching it will appear in a week or two I hear:)

Edited September 17, 2012 by Wintry
s

[debtinfo]

ill enjoy it whilst it lasts then

[Murfe]

Any suggestions on another bank we can choose please just about to go bankrupt

[brokebutnotbeatn]

I recall reading only Barclays and the Co-Op provide bank accounts for bankrupts?

[Murfe]

Yes only Barclays left or some internet banks that charge monthly fees NICE ONE CO-OP what does that word stand for co-operative

Here is some insight into who NOT TO TRADE WITH IN THEIR GROUP http://www.co-operative.coop/corporate/aboutus/ourbusinesses/

Very prominent is their statement on being a democratic organisation of principle have a look here.....

http://www.co-operative.coop/corporate/aboutus/our-democracy/

HIT THE VULNERABLE now as a major bank the CO-OP has become more like nearly ALL the rest in their ivory towers or should we say cash towers !.

Who would have thought looking at the beating Barclays took recently that they are the ONLY major bank that accepts bankrupt clients !.

Yes I am going bankrupt behind every bankrupt is a story IT may not be the bankrupts fault yet you kick away at the lowest and poorest members of society at your peril the gap is widening between the poorest and the richest CO OP forget your history and public perception it is starting to sound like politicians promises ! ! !.

We lived abroad and before that paid all our bills and taxes in the UK for years people owed us money a lot of it and did not pay .We had to come back or starve (handouts from friends) We have been forced to go bankrupt but however it happens the principle is the same technology now prevents any risk to the bank (Barclays are not stupid) credit limits are restrictive and set so the only reason can be PROFIT ! . The bank likes to have a certain amount of funds to gamble with thats how they make their money or get in trouble !.

So CO-OP action ALWAYS speaks louder than words ! just another organisation trying to be politically correct your deeds speak much louder.