Hi All, I need to open a business account asap as hopefully my IVA will be accepted next week. We are currently with HSBC who I understand from reading the forum will close the account's as soon as they get wind of it. It does not have to be an all singing all dancing account, just a business account. I have just opened a personal account with the Halifax and was going to open 2, however it states very clearly in the T & C's that the account must not be used for sole trader or partnership accounts. Any Advice would be welcomed. Thanks Guys.
You may struggle with getting a business account but try and get one within the next week if you can, you might be lucky.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Kallis is spot on as to open one quickly, but have you checked T&C's with HSBC, worst they can do is close it, they might be understanding about it, but no guarantees.
HSBC will close the account - they are well known for it as they actively trawl the Insolvency Register. First Direct do the same.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
First Direct are owned by HSBC and even if they are not a creditor they will close the account down - really bad in my opinion.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Fingers crossed - let us know how you get on with opening the account.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have managed to open an ultimate reward account (personal account)minus the overdraft and have applied with the co op for a business account - got docs through today and am gonna have a go but credit check not been done yet. It feels like I have a million defaults so think it will be a no no,I will let you know though. Can't go to Barclays as I have 3 Barclays Credit Accounts as part of my debts.. . thanks for the suggestion though. If I don't have any luck I will just use my other current account which I have standing in the wings as a last resport. Thanks again Guys J
Mmmmm and their bonus's!!! I can't see what the problem is really if you run your account ok and don't have an overdraft... their loss and that though.
I've never had a high opinion of HSBC or First Direct - HSBC made life awkward for my uncle and aunt when he was diagnosed with terminal cancer as they made a big issue of taking him off the joint account, even though there were no debts.
