Questions regarding banks
1) How long does it take to close an account?
2) How long does it take to open an account?
3) If you are in debt with the bank you are closing with, will they allow you to pay it back monthly as you cannot afford the full sum?
4) Does it cost an admin fee to move existing direct debits between accounts?
5) Anyone know if it is possible to open a bank account online immediately?
The reason i ask is my girlfriend has had two large phone bills and hasn't had the money in her acocunt to cover it. She asked T-Mobile to stop trying to take the money out however they did and she went overdrawn. For each day she has been overdrawn they have charged her £5 and by the 29th May it will be at £75 and they will try taking it out again.
She is hoping to close her account with the bank and move to a different one and spread the debt she owes over monthly payments.
Any help is greatly appreciated.