Get expert opinion. This is the place for new questions to be posted.
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Chris.09
- Posts: 1
- Joined: Tue Nov 25, 2014 10:46 pm
I am just about to enter in to an IVA but need to open a new bank account - what banks currently allow new customers with an IVA to open an account?
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Foggy
- Posts: 33396
- Joined: Fri Dec 17, 2010 11:14 am
- Location: United Kingdom
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Many banks will allow a basic account -- do not approach HSBC or First Direct -- it will be a "No". And no bank connected with any creditor.
Co-Op Cashminder is a popular choice and I have heard Barclays are quite good.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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hubert
- Posts: 532
- Joined: Tue Jul 02, 2013 9:53 pm
- Location: United Kingdom
I opened an account with Barclays. Told them I was in an IVA, no problem, nice and easy.
And Barclays was one of my creditors - but Foggy is right it's probably best to avoid creditors.
One pay-cheque away from oblivion!
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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
You really should move to a bank you have no debt with. Avoids any mishaps when setting things up.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
