No cheque book or overdraft
Cash Withdrawals - withdraw up to £300 a day from any NatWest, RBS or Ulster Bank cash machine in the UK (Remember, cash machines in many supermarkets including Tesco and Morrisons are NatWest & RBS branded), or at any UK Post Office counter. Use our cash machine locator tool to find the nearest one to you.
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As long as there is no overdraft facility a current account is OK. Sometimes you cab get away with it if you open it before your credit history is too damaged.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I have a Natwest account. When I started the IVA I opened that one and applied to co-op too, they both accepted ! I tend to use co-op day to day and only dabble with the natwest account to keep it "live". I was initially frightened to use it in case they closed it down on me, but, a year (almost) in and it's still open.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
No, the only accounts that the majority of banks will give to people in an IVA is a basic account.
The others won't touch us with a ten foot bargepole.
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'm with Natwest and do think they're a good bank, I have noticed just recently although the customer care is still excellent in branch they've closed some of the cashier windows so queueing is now more than it's ever been x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
bustedbert wrote:
kev, looks like you've opened a current account if they have sent you a cheque book as you dont get one with a natwest basic account, there no overdraft either.
I have opened a current a/c with no overdraft.
have to send, one cheque a year.
Its the only way we can pay the yearly groud rent and building insurance. As they dont take card payments.
IVA now over with and it was worth it.
now starting my life again,
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
Sorry had to go to work, I haven't opened letters yet I think I need reassurance I am doing the right thing? but realistically it's the only thing I can do.... is it normal to feel like a leper?
It's more than normal to have a whole mix of emotions but what you must remember is you're addressing your financial problems and moving on to a solution that will benefit yourselves and give your creditors the best return.
Try not to be too hard on yourself, very soon you'll be firmly on your way to debt freedom. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
