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Hello everyone, I am looking for the help for my friend who needs to open an basic bank account, He was redundant 3 years ago, subsequently defaulted all credit cards and overdraft which is around £14000 altogether. Soon after the default He moved to another address and changed telephone number. Now opportunities have arrived for him to work again and has job offer. He tried to open an basic bank account with cooperative and nationwide but has been refused. can anyone help and guide how to open an basic bank account and what could be reason of refusal from banks. Thanks
Hi, My Natwest Step account is being downgraded to a basic Account. I didn't mind until I found out I can only use Natwest, RBS or Ulster Bank branded cash machines in the UK or Gibraltar, and post office/Natwest counters. I wouldn't be able to use UK cash machines from other banks or providers. I was given the option to apply for a current account. I'm on JSA and my credit rating is a nightmare. An excerpt from Natwest letter to me: "We value your custom and would like to go on helping with your banking, but you also have the option to close your account." I doubted threatening to close my account (£0.30p balance) would stir any fear of 'potential loss' within Natwests computer system so I simply went into the bank and arranged for a meeting. I arrived for my appointment early and was seen half hour late. I'm the person pleading my case so I decided to remain polite & professional. After 30mins of flirting with a reasonably attractive branch manager, I left the bank with a brand new current account, life insurance and a warning about not going into the minus because the charges are £6 a day. Moral of my story is: Don't believe the news, don't panic, be professional & polite, and if you can't get a current account because of bad credit, learn to manage the small monies you have and try again 6-12mths later. Worse comes to worse, flirt and sign up for life insurance at the same time