Bankruptcy is serious blow not only to the financial status of the person but also to the reputation of the bankrupt person. The status of bankruptcy inhibits banks from giving any kinds of financial help to the person such as loans. Sometimes the bank hesitates even to provide basic facilities such as opening a bank account. Nowadays financial firms are opening up to help open bank account for bankrupt for those who are bankrupt. Lets read more about it.
Bankruptcy bank accounts- details about it
Bankruptcy bank accounts have become the recent trend among the bankrupts. Some banks consider the bankrupt situation of the applicant and understand the need for opening a bank account for the person. Hence they open basic accounts for the applicant. But this basic account has no facilities other than just the withdrawal and deposit of money in the specific bank branch only. This creates lots of trouble for the person operating this account. Hence bank for bankrupt from the recent financial firms produce an account with all the necessary facilities such as follows:-
MasterCard is given out to the account holder of bank account for bankrupt. The card allows the account holder to transact money online. The card is also good for withdrawal of the money in the in stores. You can also use the card in most of the ATMs.
You can avail the pay-in at any of the RBS branches available. You can also pay online through the account.
The account holder for bank account for bankrupt gets his/her sort code and account number.
One can avail direct debit and regular payments through this running account.
The account can very well be managed online.
Free daily text will be sent each day through which you can know your daily account balance.
There will also be a personal money manager allotted to you for your customized monetary needs.
Eligibility criteria for bank account for bankrupt
The name specifies the eligibility criteria for opening this account. Any person who is bankrupt is eligible for opening this account. There are some rules which may differ according to the bank. For more information kindly search the net.
