Natwest confusion

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El Presidio

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Post by El Presidio » Tue Apr 14, 2015 10:32 pm
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So as you know, I got approved for my iva! Still smiling about!

I set up a new select account with natwest in January. I just got an email saying that I had set up a basic account? Would they downgrade me for being in an iva? I wasn't paying anything for the account in the first place?
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Foggy

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Post by Foggy » Wed Apr 15, 2015 7:51 am
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Hi -- yes many banks will downgrade to a basic account due to an IVA ( if and when they notice). Some banks close accounts completely !
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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Adam Davies

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Post by Adam Davies » Wed Apr 15, 2015 9:05 am
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Hi

Lucky for you they have not given you notice to close your account.
At least you can carry on as before

Regards
Andam Davies
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Shining

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Post by Shining » Wed Apr 15, 2015 10:12 am
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It's a shame NatWest changed as they were an IVA friendly bank before as I always had the select account unless I just slipped through the net unnoticed.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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vlc1507

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Post by vlc1507 » Wed Apr 15, 2015 11:24 am
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We are with Natwest and had an Advantage Gold account prior to the Iva. Following a discussion with our branch manager on entering the Iva they were happy to leave account running and have monitored it ever since so we still have an Advantage Gold account.
Our local branch could not be more helpful and supportive of our situation.
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Jeano99

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Post by Jeano99 » Wed Apr 15, 2015 12:45 pm
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When we entered our iva we changed from Halifax to nat west with an advantage gold account. All has been well so far. Fingers crossed it stays that way
End is in sight #128512;
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