Archived Urgent Help Needed Posts - Can I open a bank account?

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Can I open a bank account?

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Topic: Can I open a bank account?

Posted By: yowza
Subject: Can I open a bank account?
Date Posted: 03/December/2013 at 12:17am

Hi, I just posted recently and found out that my bad csl is still on my credit report for another year. I recently got a cheque for back payment of old age pension (yes, I'm nearly 70 years old!) and would like to open an account in the local credit union.

What are my chances of being able to do this? Thanks.

Replies:

Posted By: yowza
Date Posted: 08/December/2013 at 9:09pm

I guess nobody knows. I'll run it through my husband's account and keep it in a sock. I did search for this but couldn't find a thing.

Posted By: administrator
Date Posted: 09/December/2013 at 10:55am

Here are some links. Just do NOT open an account at any bank that held your student loans.

http://www.cba.ca/en/consumer-information/40-banking-basics/83-opening-a-bank-account" rel="nofollow - http://www.cba.ca/en/consumer-information/40-banking-basics/83-opening-a-bank-account

http://www.fcac-acfc.gc.ca/eng/resources/publications/yourRights/Pages/OPENINGA-Ouvertur.aspx" rel="nofollow - http://www.fcac-acfc.gc.ca/eng/resources/publications/yourRights/Pages/OPENINGA-Ouvertur.aspx

Looks like it should be no problem....as I said, don't do it at a bank that held your student loans. They have right of offset and can take money out of your account.

Mark

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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024

Posted By: yowza
Date Posted: 09/December/2013 at 5:41pm

Thanks, Mark. I opened a separate account in my husband's bank which is NOT the offending institution. I told them right up front about the student loan and explained the circumstances. No problem as far as they were concerned.

Posted By: administrator
Date Posted: 09/December/2013 at 7:02pm

Glad to hear it worked out ok!

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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024