Question Is it safe to open a checking account at bank whose credit card you BKed?

[randian]

I'm post-meeting but not yet discharged. I'm considering this because, though I have never had a checking account at this bank before, they are one of the few banks that still have no fees on low-balance accounts. As you know, most banks have instituted substantial fees as a result of the recent federal banking changes (thanks Congress!).

[vicmost]

I believe once you file they can't take funds. However, I personally wouldn't take the chance. They could be wrong but you could end up with no money with a drawn out legal process to get your money. Just my opinion...

[discouraged]

I'm sure an expert will be able to tell you but, I would think the bank could refuse you if they want to. Just a thought.

[lillymarlene]

I agree with vicmost.

I believe once you file they can't take funds. However, I personally wouldn't take the chance. They could be wrong but you could end up with no money with a drawn out legal process to get your money. Just my opinion...

I had (well still actually have an account, but with only $10.00 left in it) at a credit union that I liked. The only problem was that I had a credit line there with a balance of $1,700 still owed on it. On the advice of a friend, in order to have a checking account, before filing BK, I started a checking account at a bank where I owe nothing. My attorney it seems, even had hinted at doing such at thing, though he wouldn't come out and say so.

Well, past the 341 (but not confirmed yet) I am able to use my new checking account at the "new" bank. I certainly am not going to deposit any funds, to my "old bank." I don't want to take the chance.

[discouraged]

I did the same thing. Quietly took my money out of WF (left 24 in there, may close it though before I file - which is any day now) and started a new bank account. The new one must think I am crazy though as I have been taking money out of that account too, as my lawyer told me to only keep 10-20 in the bank. I have to keep 50 to keep it open, and right now it is sitting at 61.13. I think it's safe but wanted to make sure I had a checking acct when all this is over.