Post IVA Bank Accounts

[Hookdex]

Hi All

I completed my iva by way of full and final settlement a couple of years ago and it was removed from my record in February this year.

I am an accountant acting as director often on new companies and a client just had an application to HSBC refused (just for a basic bank account with no borrowing) - I assume because I am a director and the bulk of my debt was with HSBC.

Has anyone any experience of banking with one of their creditors after completion and removal of IVA?

[Michael Peoples]

Barclays seem to be IVA friendly for basic accounts but HSBC are certainly not. You should try elsewhere and I am sure you will get what you need.

[Hookdex]

Thank you Michael.

So will HSBC hold the iva on their internal records forever and never allow me to bank with them?

[Foggy]

As I understand it, they can only hold records on you, in relation to unsecured debt, for 7 years after the relationship has ceased ( which will be when the IVA was formally completed ).

[luluj]

We have just got our halifax current account approved ....