Having multiple bank accounts during IVA

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
User avatar
jason347
Posts: 1
by jason347 » Tue Apr 24, 2018 5:32 pm
Hi am nearly in my first year of a IVA my wages get paid in to one account and rent and everything comes out the same with Santander. If If u opened a Lloyds basic account to put the old cash in would they see I have a new account and have to show staments every year like my current one. If that’s the case probably to much hassle. Thanks let me know.
User avatar
Foggy
Forum Expert
Posts: 26533
Contact
by Foggy » Tue Apr 24, 2018 5:35 pm
I used to operate two Cashminder accounts. My salary went into the main account and I left enough there to cover all the direct debits and standing orders. The rest went into account to for general food shopping etc. As the only income to the second account was matched by a debit from the main account I was never asked to show statements from the second account -- but, if they had decided they wanted to see they would have been entitled to have them.
User avatar
kallis3
Forum Expert
Posts: 73287
Contact
by kallis3 » Wed Apr 25, 2018 9:53 am
I had accounts with 2 different backs during my IVA.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 29 guests