anyone have any personal recommendation re basic bank accounts? I need to open one so that I can have my salary paid into it as opposed to the one I currently use (which is overdrawn and will be subject to dmp or iva.)Can an application for even a basic account be refused if you have a poor credit history?
Co-op is an excellent one and recommended by posters on here.
For the basic cashminder you can either open it over the phone or in branch.
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
I think you will find that only the Cashminder account is IVA friendly.
Yorkshire Bank is another one who accept people with IVA's.
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 credit score was well below 100 and I still obtained their Privilage Account with all the bells and whistles......changed it a couple of days later to their current account without hassle.
Great service.
I came into this world with nothing and still have most of it left!
I am very surprised - they are not known for giving anything other than a Cashminder account to anyone in financial difficulties.
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
That's very unusual. Whilst they are very sympathetic to people who are BR or in an IVA or have a poor credit rating and give them the Cashminder (which is an excellent account) they are known for not offering full bank accounts.
Last edited by Skippy on Fri Sep 18, 2009 12:37 pm, edited 1 time in total.
I am surprised as well - even though you had not started the IVA procedure, your credit record was dreadful and we do have posters on here with better records than yours who have been refused a Co-op account.
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
Kallis I I spoke to the bank just 15 mins aqo and they asked me how much money I had going in at the end of the month. When I told her she asked if I wanted to upgrade to Current Account Plus which has an auto O/D facility....I declined obviously....for the Privilidge Account it actually went to their "Underwriting" dept before I was approved.
I came into this world with nothing and still have most of it left!
I am not aware of any other posters on here who have had that offered to them when they have had financial problems.
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
I had a Natwest Step and just a couple of months ago they upgraded me to have a cheque book, but still only a Solo card, I'm sure if I'm a good girl in the future they'll offer me another card but for now I'm more than happy.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I am very suprised at this too. We opened a cashminder account and this week I was paying some money in when the cashier asked me if I wanted to upgrade the account as I met all the criterior. We are pre IVA as meeting not until 29th when I then told them we were in the process of an IVA they refused an upgrade on the account but were happy for us to have the cahminder account.
