HSBC Debit Card

[pebbles2003]

Hi everyone,
My iva was accepted last week to my great relief. I have a bank account with A&L.I opened a bank account with HSBC last August but only got around to transferring it over when the proposal was being drafted. I cancelled the overdraft facility on this account but it still has a debit card. Is this ok? obviously there is no credit involved but I note on the forum people have found it difficult to get cash cards never mind debit cards! hopefully Im not doing anything untoward! If you could let me know.
Many thanks
regards
Dawn

[MelanieGiles]

Could you clarify which bank the debit card is actually with - HSBC or A&L?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[louiseh]

If you are transfering your account to HSBC you should be aware that HSBC/ first direct have a policy of closing accounts of people with IVAs even if you have no debt with them.

[pebbles2003]

Hi Melanie

The debit card is with HSBC.

Many thanks
Kind regards

[pebbles2003]

Hi LouiseH

Oh dear.....I hope not! I did open a basic account with RBS prior to the proposal also so shall have to use that if HSBC cotton on!

[MelanieGiles]

Hi Dawn

As Louise says, HSBC do have a policy of closing accounts when their customers enter into IVA proceedings, so I would not rely on that debit card facility for much longer.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[pebbles2003]

Hi Melanie,
Thanks for your prompt reply. Just out of curiosity, how will they know? Oh well never mind, its cash or nothing. Its quite scary getting used to alife without any cards, but in a way liberating and i do feel like ive had a second chance and very lucky that my iva was accepted, so if one of the inconveniences is the loss is the debit card, Ive got off lightly all in all.
Onwards and upwards
Regards
Dawn

[louiseh]

I think they must scan the insolvency website, and match it up to their customer database.

[pebbles2003]

Aah of course, they arent soft are they?
Does anyone know how long it takes to be on the insolvency register. My iva was approved on the 11thbut Im not on it yet.
Thanks
regards
Dawn

[MelanieGiles]

IPs are required to register this information forthwith - this means straight away, so it is probably in progress right now.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[lily]

Hi dawn, I went into the cooperative and told them about the debts and everything, they gave me a cashminder account with a visa electron debit card, I do have a cash account but its just inconvenient sometimes, they were really nice too.

Good luck

lily

[ivoriva]

Of what I remember, it was almost two weeks before my name appeared on the insolvency register.
Nobody seems to have anything bad to say about the co-op cashminder account, so do consider that as an alternative. Afterall, they claim to be the 'ethical' bank. I couldnt argue with that, as Smile were one of my creditors and they were a pleasure to deal with through the IVA process (and voted in favour).

[pebbles2003]

Thanks for all the info,
Will keep that in mind!
Byee
Dawn