Does an IVA effect your bank account

[CJ08]

With HSBC closing accounts do you reckon you could get away with having money transferred out to another account (now having faster payments reaching you within 2 hours) to which you IVA payment comes out of so they dont pick up on the DD for your IVA?? then just risk them finding out by the insolvency register?

[freelili]

I think there is one chap on here who has kept his HSBC account and so far so good. However I think I would breathe easier changing it than to keep hoping they dont find out. A direct payment will still show up and they may investigate it. I assume thats what you mean CJ08, making a direct payment to your IVA company?

[Til]

Yeah CJ thought of that (transferring IVA money to another aco**** eg coop and then paying just IVA from there) but I think I am such a worrier that it would be far easier for me to swap to Co-op and be upfront... thanks for advice though and hopefully we can get sorted soon x

[Til]

Does anyone know if we would be allowed a CO-OP current account - obviously without the overdraft?

Just could really use cheque book if we are allowed it - no cheque guarantee of course

[Til]

Well I have decided to open a Co-op cashminder account which i have just done over the phone - so easy!

However we are gonna stick with HSBC account to see if they do kick us out! Then will let everyone know - in the meantime will try to save a few put aside pennies in Co-op but at least it is now there in case we need it if HSBC kick us out fast!!!

[:)]