www.iva.co.uk

Hiya
We were really silly and did not open a new bank account for our small children when we closed bank accounts and opened new ones for us before the IVA started. Family members have sent cheques to my boys for birthday and Christmas and we can't cash them. Need to deposit them into their bank accounts. Our bank, Co-operative Bank has turned us down for accounts for our children. Are there any banks that will allow us to open an account for them even with our bad credit status? Thank you

You could try Nationwide and open their childrens accounts and of course they will be savings accounts in their names. Hopefully it will solve the problem.

I opened a childrens savings account with the Swinton Building Society after enquiring and being told that the IVA was no obstacle as the account is in the child's name and I was merely a trustee.

Co-Op do have a strange attitude to those in an IVA having savings !

Which is weird when it is not your account but your childrens and is in their name!!

We also opened a current account for our son with Nationwide long after we started our IVA with no problems. In fact my son has a better type of account than the husband! Husband has a basic cash account, son has Flex One account and I managed to top them all and get a flex plus account with Nationwide! To be fair, my credit rating was fine pre IVA when I got the account, as never defaulted but was in the long haul due to debts in joint names! But anyway, my point is, the IVA never affected getting an account for our son

Thank you all for your advice. I will try Nationwide. Yes I was really surprised at the Co-ops decision, it didn't make sense.

Always had a post office account as a kid. Think they still do them.

Paul