unsuccessful in opening even a basic account

[tayj]

i have been unsuccessful in opening even a basic account because of iva. natwest step even said no. Can you reccomend anyone who doesnt do credit check. the top up credit card isnt really suitable?

[baz36]

try lloyds cash account, we went to set one up and got it in 5 mins.

[DebtDummy]

Hello tayj, yes there is a basic bank account for you and you can open it over the telephone as well. So cheer up there is hope. The bank is the Co-op Bank 08457212212. They will offer you an electron card.

Take care.

All I have left is my humour.

[ivamole]

So long as you keep around £100 in the account, you can also open a National Savings account and can use their card to draw cash at any post office.

Otherwise, I would also mention the Lloyds TSB cash account and I think the Co-op Bank offer a similar account.

[lesley]

I opened a basic bank account with Yorkshire Bank and I told them that I had applied for IVA no problems they were really good.

[camiva]

Hi

I opened an account with the abbey. No problems.

[iva experts]

Hello Tayj,

To add on to the options mentioned above, you can also try Nationwide FlexCash Account or Barclays Cash Card Account.

The most important thing you need to make clear to the bank is that you do not want any credit facilities attached to the account i.e. overdraft.

Also remember that your new bank account cannot be one of your creditors.


Hope this information is of use

Regards. IVA Experts

[aguise]

Gregory Pennington do a managed account they are run by the bank of scotland doesnt matter if you have any debts with them it is ok . You can ring them and set up an ac on the phone. I just wrote all about it and accidently deleted the lot, took me ages what an idiot.They have been fantastic they well worth trying. I would recommend them to anyone . They have just changed name to Think Banking you will get the number off their website. All the best.

[aguise]

the website is gregory pennington.com. The ac is specifically for people with debt. Hope this helps.

[DebtDummy]

Thank you arguise for mentioning Gregory Pennington. You triggered a memory (smile). Yes, tayj, they do offer an ccount to IVA people and bankrupts. They do charge an £8 service fee per month. Over the next 3-4 months they are going to offer a regular debit card to ALL of their customers.

Contact Gregory Pennington on:08001613516.

Take care.

All I have left is my humour.

[aguise]

Debt dummy hope that was a good memory. The number to talk about the managed ac is 0800 634 2051.

[i_a]

Hi,

I was turned down by Abbey but opened a Basic account with Nationwide in 10 minutes!

It only has a cashcard (no cheques or debit card) but is fine for my needs. All I needed was my passport and proof of address. Oh and the people at Nationwide are great!

[neverending]

Hi all
I have been with Gregory Pennington for three years now,since my IVA,and they are 100%.
Yes they charge £8[going up to £12.50] but offer DD,Standing orders and a debit card.More importantly they offer an account where your wages go into and the amount of your DD/standing orders are taken into account and the money left over is transfered to another account that you can access via your card.
Its great because your bills are paid and you can only spend whats left...............eliminating the chances of you spending money that you do not really have..................................[that rings a bell!!!]

[aguise]

Thanks for agreeing neverending. I was told it would be better to manage your money yourself but when in an iva it is important to know just how much you have and not worry that you may have broken into money which should be for bills, not much room for mistakes. They are always helpful and well worth the £8 soon to be £12.50, but then a prepaid debit card would cost that much to load or pay per transaction so I dont mind at least wont have to take that bit extra to shop etc to save embarrassment at the counter if you dont have enough.

[DebtDummy]

neverending, is it a proper debit card? Meaning, you do not have to go to an ATM machine and withdraw money before you can go shopping? Can you just cue and use the card? Is it electron or maestro? I am curious because I have not definitely decided yet, but Co-op's electron is swaying me because it's not a cashcard. Thank you.

All I have left is my humour.