How long do bank accounts stay active for in the UK if money is owed on them?
UK only My mate opened a Barclays account back in 2000 and before he left he over-drew 300 pounds and never paid it back. Hes looking to return there after 9 years. Do you think the account will be active still and the money still need to be paid back with interest?
Personal Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
probably.
Answer 2 :
well in the US you have 30 days then you will go on something called check systems meaning you cannot open a bank account for 7 years. ot sure about uk contact the bank but im sure there is someting similar
Answer 3 :
IF he was overdrawn he would be charged overdraft fees (vary depending on the bank) and the bank would keep sending him statements etc.....so, yes, he would still owe the money and a load more. Sounds like he wasn't really overdrawn, otherwise they would have contacted him before now!
Answer 4 :
well due to him going back to Barclay's they may not accept him due to the overdraft. they may off wrote off the debt or passed it to a debt collector and as he is applying back to Barclay's they will pass on his new address. but after 6yrs a debt is not enforceable due to no contact with the person. they are after my old debt from 12yrs ago as i applied for a bank loan with another bank and with credit checks the had my new address(debt collectors) try out www.lawanswers.co.uk for free post the question and in 24hrs they email you the answer.
Answer 5 :
The debt has probably got higher and higher due to charges etc. I can't see that they would have wiped it off and I hope they haven't as what your friend did is paramount to theft!
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