From: Ronald Raygun 
Subject: Re: Opening an Abbey savings account
Newsgroups: uk.finance
Date: Mon, 06 Dec 2004 11:17:24 GMT

Eric Jones wrote:

> 
> "Jonathan Bryce"  wrote in message
> news:tlfc82-gqk.ln1@michelle.jbryce...
>> Eric Jones wrote:
>>
>>> On the printed terms and conditions I'm sure as part of the application
>>> form it gives them the right to conduct a search. For a Savings account
>>> it
>>> is to check that you are not a bankrupt.
>>
>> And why should there be any problem with a bankrupt opening a *savings*
>> account?
> 
> They have to first obtain permission from their trustee in bankruptcy to
> open any bank account, in case they have been hiding money from creditors.

And why should the bank get involved in policing this?

Why should not the bankrupt be physically allowed to do what he is
legally not allowed to do?  Nobody, for instance, takes real steps to
prevent people who have been banned from driving from driving.

Besides, if they *have been* hiding money, presumably as a stash of cash,
why would they not simply spend it, instead of drawing attention to it
by trying to pay it into a bank?