"Parachute" account questions

[sleepz]

Howdy folks.

I've sent off my S.A.R, and have made an appointment at a different bank for Monday to set up a Parachute account.

 

I don't want to change bank, but obviously im just preparing for if my bank decides to close my account.

 

I was wondering the legality of having 2 current accounts, what I should say, shouldn't say at the appointment on Monday.

Obviously im not going to tell them Im just opening this new account because im suing my old bank for charges, but they're asking for Wage slips and stuff like that, so im wondering if they expect my wages and stuff to go into that new account. Im not going to get my wages / Direct Debits etc changed over to the new bank unless I really have to.

So, when they inevitably ask me why im changing bank, I'll just say I don't like their service or something similar, but Im worried that they will close the new account or give me a really hard time with it because there's no activity on it.

 

Can anyone with experience of this give me any pointers?

Thanks

Lee

[kfdh1962]

Hi sleepz,

i opened a Natwest step one account, and did most of this online. I then was sent a couple of forms to sign and had to send in one of a list of documents as proof of address that was it.

They asked if i had aonother bank account but that was it. they didn't seem to bothered that i still had a lloyds account and that i would still be paying my money into that.

hope that helps

[sleepz]

ok, cheers kfdh1962.

 

I guess I'll go with the appointment on Monday, see how it goes ... if it looks like it's gonna be a lot of hassle, I'll cut and run and go elsewhere

[adridude]

I've got 3 current accounts lol

I just tell the banks that I wish to change banks, thats all that they need to know. Tell them its also for your salary to go into, and get your salary into it. because you don't want the bank your nailing to start swallowing up your funds.

[moltonbrownqueen]

when i opened my parachute, i told them i wanted to separate my bills from my personal money to keep more control. lol.

[Mrs Charlton]

I just told them I wanted seperate accounts for paying bills and rent so my money would be easier to manage. I have 3 current accounts too.