The Co-op are absolutely fine and very IVA friendly. HSBC and First Direct are the only ones known to close accounts.
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
A lot of us recommend the co-op to posters who want an IVA friendly account. The only thing with them appears to be their stance on savings accounts when in an IVA which I personally find strange. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Co-op won't give you a savings account and the only thing you have to worry about is going overdrawn. If you do it three times then they will close the account.
Hopefully that won't happen.
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
If you have one then I think you will be ok. It's only if you want to open one in an IVA that it causes 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
you can only get a cashminder account. it is better now it has a visa card instead of a maestro card. there is no overdraft facility and you do get a warning if you become overdrawn. They dont allow savings accounts but i went into the branch and they opened me an isa, only for people with ivas, not bankruptcy. hope this helps.
If Dodgy Keeper already has a savings account with the Co-op prior to IVA then he should be ok to keep it. If it's not the main account then I recommend opening a cashminder as well.
As to the overdrawn rule, it's three strikes and you're out I think.
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've got a standard current account with them. Maybe I've got this as I applied before all the IVA stuff happened. I think if you apply whilst you're in the IVA, you'll only get the cashminder!