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Customers face ‘severe consequences’ as banks and building societies close accounts typically set up to help vulnerable peoplePeople with disabilities are facing potential hardship because banks are scrapping trust accounts that allow money to be managed safely on their behalf.Victims awarded personal injury settlements and those with learning difficulties are among those facing “severe consequences” as accounts are closed or frozen by high street banks and building societies, according to campaigners. Continue reading…
Customers face ‘severe consequences’ as banks and building societies close accounts typically set up to help vulnerable people
People with disabilities are facing potential hardship because banks are scrapping trust accounts that allow money to be managed safely on their behalf.
Victims awarded personal injury settlements and those with learning difficulties are among those facing “severe consequences” as accounts are closed or frozen by high street banks and building societies, according to campaigners.
