confused re comments regarding bank accounts

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Post by fivebyfive » Fri Aug 13, 2010 7:14 pm

hubby doing iva (hopefully- awaiting the creditor meeting) and he has currently got ac's with debit cards with hsbc lloyds halifax and hsbc and lloyds r 2 creditors. he is going to close those 2 but dont owe halifax. before he started the iva prcess he opened an ac with natwest and i belive this to be a normal a/c. he wants to now have his pay going into that a/c.

does he have to now tell natwest that hes doing iva? or will they just close the account?


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Post by Adam Davies » Fri Aug 13, 2010 7:41 pm
If he has no debts with Natwest then the account will be fine and he will not have to inform the bank of his pending IVA.
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Post by Shining » Fri Aug 13, 2010 8:30 pm
I am with the Natwest in an IVA and have had no problems at all. I think you'll find it's a good account. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.


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Post by dw1983 » Fri Aug 13, 2010 9:19 pm
Same here im with natwest and no problems
Iva completed


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Post by luluj » Sat Aug 14, 2010 9:07 am
equally he may want to keep his Halifax account as well for sidelining the contigency money or whatever savings he can make from his allowances etc - we use two accounts - we set up standing orders to take the car costs (tax, insurance and maintenance) out each month - we then run our cars from that account so at the time of the tax renewal we have the money and don't panic as it isn't there !
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