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Posted: Mon Feb 04, 2008 12:32 pm
by landa
what bank or building accounts can i use/have whilst in an iva please help
Posted: Mon Feb 04, 2008 12:58 pm
by luluj
Welcome to the forum.
Whilst in an IVa you need a bank account that is not associated to any of your creditors in any way. Halifax, Co-Op and Nationwide are all banks that I know will work with people in an IVA situation. Some of the accounts offer a simple Visa Electron card, others like the Co-Op Smile Internet Banking account offer Visa Debit with Cheque book.
Whilst in an IVA you are not allowed any credit of any kind therefore no overdraft facility is permittable.
hope this helps
Posted: Mon Feb 04, 2008 1:00 pm
by size5
Co-op Cashminder will do the trick, tel number 08457 212 212.
Good luck.
Posted: Mon Feb 04, 2008 3:05 pm
by rachellxx39
I agree with size 5 . We have opened a cash minder recently . You get a visa electron card ,which we have had no problems using it anywhere.You can have online banking with this account and the customer services is fab.
Posted: Mon Feb 04, 2008 3:11 pm
by caraf
Hi
We have a Lloyds TSb cash account with debit card for all our direct debits and bills. We also have a smile current acount with debit card and cheque book for school stuff and housekeeping, I also have a savings account with smile where I put my monthly dental, car, options etc..etc..
These are all done online. Brilliant, no problems so far.
CAROL
x
Posted: Mon Feb 04, 2008 3:13 pm
by keh
I got a cashminder acc with co-op and they were very supportive of my situation
Posted: Mon Feb 04, 2008 7:20 pm
by elizabethr
Whose the Smile bank account run by. Am looking to open new accounts in preparation of DMP or IVA.
Posted: Mon Feb 04, 2008 9:16 pm
by Skippy
Smile is run by the Co-op.
Posted: Tue Feb 05, 2008 9:04 am
by elizabethr
Keep asking questions but its the only way - sorry. I was thinking of trying the Abbey for bank account although I am not terribly impressed with the way they run things but my mortgage is with them and I thought it might be a good idea. If I open an account and then go into an IVA would they be funny about things or would they not know.
Posted: Tue Feb 05, 2008 9:57 am
by Skippy
Abbey are fine and have had a lot of positive comments on this forum.
Posted: Thu Feb 07, 2008 12:16 pm
by markss
also try yorkshire bank basic account it has a maestro debit card etc very easy to setup and operate plus no credit checks done.
Posted: Sat Feb 16, 2008 9:18 am
by joh71262
First Direct gave me a month to close my account in July of last year, and I tried Smile as I already had a savings account with them but they would not let me open a current account, although I could keep the savings.
I tried Abbey but by the time they replied, I had already opened a Cash Minder account with the Co-Op. If you can, go into the branch and speak to someone - they are pretty good and it really only takes 10 minutes or so. I did try to open a savings account with them but was refused which I found rather odd ! I wanted to keep things in one place, but I still have my Smile savings account anyway.
Good luck.