Hi, can I switch my bank account?

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basilio

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Post by basilio » Thu Feb 04, 2021 7:02 am
Hi, can I switch my bank account(currently pay the IVA money) to another bank? Or I need to let the IVA people know before I switch?

Foggy

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Post by Foggy » Thu Feb 04, 2021 8:36 am
You can switch banks, but only if the new banks accepts you as a customer with the IVA ( they will check). As long as the IVA payment is paid correctly and on time your IP need not know ahead of the move, but, of course, will become aware when you send them your statements for review.
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

basilio

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Post by basilio » Thu Feb 04, 2021 9:45 am
But switching bank account can cause the fail of the iva? What happened when they do a review the see new bank account? I'm.on iva fro 28 months ago never been asked for bank statements as I'm sending pay slips every month.
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basilio

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Post by basilio » Thu Feb 04, 2021 9:47 am
And what about if they decide to see a statement of my currently bank account once is switched over?

kallis3

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Post by kallis3 » Thu Feb 04, 2021 9:50 am
It won't matter. You can always get a copy of your last statement from your old bank.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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