Hi my son is 16 and wants to open a late teen bank account with Barclays got an appointment on Monday.He has got no form of I'd apart from his birth certificate so they want to see my driving licence and a household bill in my name which is fine but what is worrying me is Barclays is part of my iva will this stop him getting an account with Barclays thanks Emma (worried mum [:(!]
I can't see a problem as it appears they are only after proof of identity and address. I'm sure he will be fine.
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
They just want to prove there is someone there with parental responsibility.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Shrews,
What they are asking for is simply paperwork to prevent money laundering and is perfectly normal. Your details are only required due to your son not having enough paperwork and history to satisfy the money laundering questions staff have to answer themselves when authorising that the account be opened.
He'll have his new account up and running with a cash or debit card before you know it, and he will have the benefit of you teaching him where money comes from, how to earn it and how to respect it. You can also educate him around debt and how to deal with it sensibly. You are starting him on the road to a sound financial future. Good for you !!
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
