Thread: advice needed on parachute accounts

Originally Posted by flinderspetrie

Please advise on the following:

1. you open another account. alliance and leceister then close yours because you claimed bank charges. what's happens to the direct debits? do the parachute bank just contact a&l for details. can a&l refuse to provide them?
2. if you are overdrawn this is repayable immediately on demand - do you have to go to bank with cash to pay if they close your account? - what if you don't have the money? should you send them cheque to clear overdraft before taking legal action if all banking done on line and you can't deposit cash over counter?
3. will a&l never allow you to be one of the customers again if they close your account. say they close it and 6 months later have an excellent deal which you wish to apply for will they automatically exclude you?

1. If you "switch" accounts they will auto transfer all your D/D's you can ask them to do this when you apply for the account. If not you will just need to call all the people you have D/D's with and ask them to act on your new banks account number.
2. Not sure with A&L but im sure i read in the Banking Code that they MUST give you 30days notice if they are going to close an account. If you owe money on the account you can use a free debt management company to pay it back. Free debt management company | Payplan is a good one and they will work out what you can afford as under the Consumer Credit Act 1974 they cannot ask you to pay back more than what you can afford.
3. I don't know about that one. sorry.

3 sorry i dont know either, but i would think that after 2yrs going by the 'fiche argument they would 'forget' that you have been a bad boy and give you another account, being that they have no 'recent' records to check on lol.

It'll be worth a try eh?