Thread: Parachute account

Quick question, don't think it's covered in the FAQ's

I am currently waiting for my bank statements from Barclays, then I will commence with the prelminary letter. I know that it is a good idea to open another bank account just in case. At present I have two bank accounts with Barclays my single account (where all the charges have been made) and a joint account which my wife and I opened last year (this has had no charges). Can I use my joint account as the parachute account or would it be best to go to another bank????

Love this web-site, really looking forward to getting my hard earned cash back!

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Will do, thanks

Jonnygage, I can only say that among the 'small print' of one of my accounts it says something to the effect that monies held in any other division of our bank can be utilised to settle debts in another.

Regards

Van