As an undischarged bankrupt, can I have a bank account?
A. There is nothing in insolvency law, which prevents an undischarged bankrupt from having a bank account but you should tell the bank or building society that you are bankrupt, since they may wish to impose conditions and linitations (for example they might not wish to allow you a cheque or guarantee card). You should not obtain an overdraft facility without first telling the bank that you are a bankrupt. It is the decision of the bank or building society as to whether to allow an account to be opened by a bankrupt. If the bank or building society allows you to open the account you should inform your trustee and the Official Receiver immediately.
