Upgrading your bank account

As a bankrupt you will probably want to get back on to normal terms with your bank as soon as possible. This will allow you to obtain a current account and have access to other banking facilities.

There is no quick fix to this, however I have placed some of the factors that a bank will consider when deciding whether to upgrade your account or not:

• Time that has passed since your discharge
• Your occupation
• How regular your income is
• How well you have managed your account since your discharge from bankruptcy
• Whether you have any savings or other product with the bank that you are applying to
• Whether you have a bankruptcy restrictions order in place
• Registration on the electoral role
• The state of your credit report