www.iva.co.uk

is it safe to open a bank account with a bank who was a creditor in my IVA?

IM AFRAID THEY MIGHT SEIZE MY MONEY WHEN I DEPOSIT MY SALARY TO OFFSET THEIR LOSS?

i had a barclaycard whose debt has been sold on post iva commencing and wanted to open a basic bank account with barclays....

any advice???

Hi and welcome.

They can't take your money once in an IVA but it is always advisable to move to a non creditor bank.

Have you considered the Co-op at all? They are very IVA friendly.

with the co op but dont like that they dont update your online balance for 24 hrs hard to figure out what your money situation is sometimes

Try keeping a spreadsheet or use a little book to note down your spending so you can keep an eye,on it.

Not sure if you have one near you, but Yorkshire Bank have an excellent on-line service that updates within hours.........