will I be able to open a bank account

5 posts Page 1 of 1
Post Reply
 
 

therss

User avatar
Posts: 1
Joined: Thu Oct 25, 2007 8:44 pm
Location:
Post by therss » Thu Oct 25, 2007 8:47 pm
Quote
If I take out an IVA will I be able to open a bank account - either on my own or in joint names ?
Top
 
 

aguise

User avatar
Posts: 3907
Joined: Tue Jan 23, 2007 11:24 am
Location: United Kingdom
Post by aguise » Thu Oct 25, 2007 9:01 pm
Quote
Hi there and welcome
You will be able to open a bank account though it will need to be a basic one with no credit or overdraft. There are various ones avaliable but you must make sure they are not a creditor of yours.
I recommend the thinkbanking account a few on here have this account. They will accept anyone and does not matter who creditors are. The account can be opened over the phone and has a fee of £12.50 and comes with a maestro card. Check it out thinkbanking.co.uk you would need to look at the managed account. Yes you can have this account as joint.

Hope this helps.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/
Please visit my blog at http://aguise.blogs.iva.co.uk/
Top
 
 

MARSHA

User avatar
Posts: 62
Joined: Tue Oct 16, 2007 7:18 pm
Location:
Post by MARSHA » Thu Oct 25, 2007 9:13 pm
Quote
I think what you need to do is open your account pre IVA I opened an account with the Co operative bank, just a basic account and all was fine. The most important thing is that the new account is with a bank /organisation that you do not owe money to.
Some banks are linked to others, there is a topic on here that states which they are. Please check it out. It is under top rated articles. the link is choosing a bank account before an IVA
Top
 
 

emma_t

User avatar
Posts: 1833
Joined: Sat Sep 01, 2007 3:32 pm
Location: United Kingdom
Post by emma_t » Thu Oct 25, 2007 9:20 pm
Quote
Hi
If you are thinking about an iva and your current bank is one of your creditors, make it a priority to open a new bank account.
As Marsha says,make sure you choose a bank that is not one of your creditors and you opt for one with no overdraft.
I also bank now with the coop and have found them brilliant both on the phone and the internet banking is also fantastic and easy to use.
I think hsbc/first direct now have a policy of not having bank accounts with people in ivas.
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
Top
 
 

Rainbow

User avatar
Posts: 266
Joined: Sat Jun 02, 2007 5:16 pm
Location:
Post by Rainbow » Thu Oct 25, 2007 9:32 pm
Quote
Hi we opened an account with Natwest their Step Account and its really good haven't found any where that doesn't accept it yet!
Also Nationwide have a good account if they are not one of your creditors.
Rainbow

Every Cloud has a silver lining. At the end of the Rainbow is a Pot of Gold - Or Hope!
Every Cloud has a silver lining. At the end of the Rainbow is a Pot of Gold - Or Hope!
Top
Post Reply
5 posts Page 1 of 1
Return to “postbag for october”