I was looking on the Northern Rock website this morning and I noticed that it said that their current account is available to anyone over the age of 14 who lives in the UK. I didn't read the Ts and Cs properly, but I couldn't see anything mentioned about insolvency.
I don't know if they would allow someone who is BR or in an IVA to have an account, but it might be worth a try for someone who can't get an account elsewhere.
Last edited by David Mond on Thu Dec 25, 2008 8:40 am, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
There are also many pre-paid debit cards and at least one with a billing facility which might be useful. Email me and I will forward you the details.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
It is definately worth a try Skippy, and well worth posting about. So far as I am aware, NR do not have an anti-insolvency policy with regard to current accounts.
NR are interested in depositors and also ways in which to make money - I don't think they offer any free service, although I might be wrong. A pre-paid debit card with bill payment facilities could be an option.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I much prefer a proper bank account for my everyday bills. Just use a prepaid card for spending (when I have any spare!) Might check out the NR account myself.
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
But the pre-paid card with billing features is exactly the same AND no bounced cheques or any penalty payments!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I agree Jan, I prefer having a proper bank account.
Surely the idea of an IVA is to learn to budget and manage money so you don't get bank charges? I know I'm much more careful than I used to be and account for my money down to the last penny on my spreadsheet.
A pre paid debit card just doesn't do it for me - I'll stick with a proper bank 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
I would like to make an offer to Kallis3 and Skippy 13 at no cost - why don't you both email me and I'll suggest something to you both?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I agree with you both Jan and Skippy, definitely prefer a proper bank account to a pre-paid card. I've got the paypal one so that I can transfer any cash from my ebay sales, but I haven't been on ebay for ages now so a bit of a waste.
I will make the same offer to you Viki.W if you email me please.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
