new bank account

[sean.ds]

Hi all
i have not entered into a iva yet, went to open new bank account today, so many questions why do u need another account,whats wrong with your bank do you want to tranfer your balance from your old bank to ours.I only want to open a account.Going to another bank in morning any suggestions on what to say why i want to open another account.

[666]

co-op cashminder can be done over the phone and i didnt have any questions asked about the what why's & wherefores atall.
If they do ask - just say you're not happy with your current bank and leave it at that.
The big banks will just want to do you another current account hence all the questions i guess.

[sean.ds]

Sorry forgot to say i need an account so i can still run my buisness does not have to be a buisness account any account will do as long as it ha a cheque book and cash card.or am i only aloud a certain account when you go into a iva agreement

[sjbyron]

HI

Try Barclays, they gave me a business account with cheque book, debit card and internet banking and phone banking and that was 2 months after I was discharged from Bankruptcy

YOu need to go into branch tso do it and speak to a business relations manager. They also offer savings accounts for the buiness and insurance.

And a basic personal account too

[sean.ds]

Thanks for your reply stu,ican't go to barclays as they will possible be one of my creditors.Am i aloud to open another business account while istill have one with a bank that i owe money to, also if i have to go into an iva will i still be aloud to have this sort of account

[steppingstones]

I just opened my NatWest account online. If you want to go into a branch, you could just tell them you are not satisfied with the customer service at your current bank.

[sean.ds]

thanks sally,i will try natwest

[steppingstones]

My natwest account isn't a business account but does come with a cheque book and debit card. I would imagine that you would still be able to open a business bank account, so long as it has no overdraft facility and the bank is not one of your creditors. You might want to consider trying to open it before you enter into an IVA, before your credit rating is totally shot.

[kallis3]

I agree that you should open a business account now, once you are in an IVA it will be nigh on impossible to get one.

[sjbyron]

Natwest and RBS do a Basic Business Account, you need to open a personal account (Basic) with them first and they link them together, its called the Natwest Foundation Account http://www.natwest.com/business/product ... count.ashx
Best of Luck

[sean.ds]

Thanks everyone for your help. Just opened a personal account with natwest got a appointment in the week to open a business account.THANKS

[kallis3]

Hope it goes ok, let us know how you get on as it may be usefull for other posters.