attention natwest banks

[silversurfer]

Another way of looking at it is this. Why not find a building society such as Bradford and Bingley. They do accounts where you can put money in, get cash out and also have a facility to have your wages paid in by bank giro credit. It does not accept direct debits which can be a good thing as they are an advantage to companies more than customers. I am not sure but i believe they do not credit check it as it is a savings account.Also they will do B/Sc cheques for you paid out in anyones name. This also gets away from the banks

[ray_a]

Hi Silver

You can do better than that by talking to the Co Op bank as well and get a Cash Minder account.

You can also get a Mastercard with Cash Plus.

Worth looking into!

Regards

Ray

[Skippy]

I have a Co-op account and so far so good. You get a Visa Electron card, internet and telephone banking and you can pay direct debits and standing orders from it.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[zoe]

Hi there
On the Internet it does say that Nationwide will not accept bankrupts or people in IVAs, however i opened a new account with them on 21st June the date of my bankruptcy order and they know i am bankrupt. I called them last week after hearing that they do not accept and spoke to 2 people in the "Flex account" department who state you can have a cash card only account with them.
Hope this helps
x

Zoe
x
Keep your chin up - everything happens for a reason!
View my blog http://zoes.blogs.iva.co.uk/

[Stoney Broke]

Hi ive recently opened a nationwide account (my iva is yet to be approved) however i was unable to open a basic account on the net with them as i failed the credit score i am still unsure why as at that point i was up to date with all payment even though i was robbing peter to pay paul.
I had to go into branch and open a cash card account without a credit score. It became a little uncomfrtable as they kept trying to say the flex account would be better but i already knew i would fail the C/S so i opted for the cash card account a very simple account money paid in and cash out no extras.

Will there be a problem with this account when hopefully my iva is approved?

[Skippy]

When was that Stoney Broke? I opened my Nationwide basic Flexaccount online and I'm bankrupt!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[zoe]

Mine too!
z
x

Zoe
x
Keep your chin up - everything happens for a reason!
View my blog http://zoes.blogs.iva.co.uk/

[Stoney Broke]

last month skippy13 i applied on line and when i checked the staus of the application it stated cancelled ! called the helpline and was imformed it was due to my credit score and was advised to open an cash card account in branch which i did without a problem, but this was only just as i was making intial calls regarding setting up the iva

[Skippy]

Very strange! I opened mine in May so they must have changed things since then.

What I don't understand is why so many banks won't let you have an account if you are BR in an IVA. What is the problem with having a basic bank account with no credit facilities? Cynical me thinks it's because they won't be getting any interest - what do other people think?

I was turned down today for a Co-op savings account - I failed the credit score surprise surprise! Why on earth did they credit score me for a savings account?!?!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[Kiska]

so sorry if i have worried anybody.

the bloke i spoke to said they changed their policy on monday and wouldn't even put me through an application. i asked if it was worth me going into a branch but he said the policy there was the same. the only time they would consider it was if you couldn't or didn't have a bank anywhere else...

strange hey

[thebear29uk]

Hi all

This is a question for Andy/Admin.

Is it possible for somebody from IVA.co.uk to contact the various bank head offices to find out their stance with regard to IVAs/BR. Then maybe you could post a definitive list of who will offer what.

I remember getting information from the National Debtline about who would provide basic banking facilities but that was last October and banks seem to be having a change of policy.

Many thanks

Dave

[Adam Davies]

Hi Bear
That is a good point and I will look into it.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[Oliver]

Thanks Andy look forward to hearing how you get on.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[Bob]

Good evening all.
The accounts you speak of here with the Nationwide - are they personal or business?
I am still struggling to open a business account as I work free-lance as a trainer. Some contracts pay me on a hourly/daily rate on an agency basis on PAYE which is fine but others I need to invoice and it is not good business practice to have clients make payments into a personal account.
I have resolved to visit Nationwide tomorrow but thought I'd better just check with you. I'm keeping my fingers crossed but I have that sinking feeling that I've got it wrong again. Please tell me I'm wrong.....please

[MelanieGiles]

Someone on the forum opened a business account the other day - I forget with which bank - but it cost £170. I am sure that Admin can find the thread - Andy???

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk