If you are lucky enough to have an account with a debit card, then yes, they are allowed. You're not allowed an overdraft though.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
The use of a debit card is merely a convenience for you to draw your own money out of the account, so as Kallis states they are fine so long as you do not enter an unauthorised overdraft.
Debit cards are permitted during the course of an IVA as stated above in previous posts.
Some banks won't allow debit cards to people that have an IVA, so shop around for the best banks.
Uswitch.com have been recommending The Co-operative Bank and Alliance & Leicester of late, both of which you can apply for on line.
Debit cards are so much more convenient than carrying cash around all of the time.
I believe with the Co-op you can only get a Cashminder account with an Electron card if you are in an IVA, and you can't apply for that online.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
My Co-Op Smile account came with a Visa Debit card and cheque - although not used the cheque book since I had it !
Halifax Easycash is electron as is the Abbey Instant Plus account - not had any issues with Visa Electron!
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Or review other pre-paid debit cards (this might entail a fee) but might be more universally accepted especiall any with a billing facility.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
The majority of prepaid cards come with a monthly fee - some as high as £9.99 - plus you usually have to pay a fee to withdraw cash.
Some have a lower fee but you have to pay to load them and per transaction.
I'd stick with a bank accont, which at present, is still free!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
