NATIONWIDE has issued an alert as “lifeline” accounts are suddenly blocked “without warning” leaving Brits “cut off”.
It is just one of the many British banks scrapping trust accounts – whereby people can appoint a third party to manage their finances for them.
GettyNationwide has frozen funds in customers’ trust accounts, the Guardian has been told[/caption]These are an important resource for disabled people and people with learning difficulties – as it allows their money to be safely handled by an appointed trustee.