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BANKS were yesterday urged to [...]; Business IN BRIEF.

BANKS were yesterday urged to treat people who had gone bankrupt fairly and give them access to a basic account.

Charity Citizens Advice said most banks were refusing to let undischarged bankrupts open even a basic bank account - with no credit facility - despite there being no legal justification for this.

They said only two out of the 17 banks and building societies that offer basic bank accounts would allow people going through bankruptcy to open one.

The charity said the banks' stance increased financial exclusion for bankrupts and urged them to make the accounts available.

There was a 249 per cent jump in the number of people going bankrupt between 2000 and 2009.

The most common reason people gave was that they had suffered an unexpected change in circumstances, such as job loss, illness or relationship breakdown.
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Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Date:Jul 13, 2010
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