Hi all, my husband and I entered into our IVA in June 2009 (so far so good). My daughter needs to open an account just to save for herself, she is 14. We applied for a Coop account but they have declined the application. Is there any bank out there that would allow my daughter a basic account?
Thanks
Your daughter should not be affected by your IVA at all, so I would think she can try any bank for a savings 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
My teenage children both have Nationwide Smart Card accounts. You can pay in at the building society and withdraw with a cashpoint card. Pays a measly 0.75% interest! They seem to be fine with it - I transfer their monthly pocket money allowance into their individual Nationwide accounts by standing order each month. Our eldest, who is 17, works part-time and her wages get paid into it too.
Debt problems, what debt problems? I'm not in De Thames, I'm in De Nile.
I don't think many banks offer a good rate of interest on a savings account at the moment.
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
