Can daughter have a savings account with a bank I have debt with?

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shakila

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Joined: Mon Sep 27, 2021 4:17 pm

Post by shakila » Mon Sep 27, 2021 4:17 pm
Hi I currently have a savings account for my daughter with barclays
My account is also with barclays who I took out a loan with
Does anyone know if her money is safe after applying for an iva? Its in her name but I am named on it. She is only 1
My dad puts money in for her every month
I have already opened another bank for myself but unsure about her money
Can anyone advise please

Thanks

Foggy

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Location: United Kingdom

Post by Foggy » Mon Sep 27, 2021 5:14 pm
Her account, her money, in her name should be safe. You are only the trustee, the money is still hers, not yours.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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