Switch of banks and basic account

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
veronica302
Posts: 4
by veronica302 » Fri Feb 08, 2019 11:00 pm
Hi I opened a flex account with Nationwide many months ago ..I 've now applied for an iva and waiting for a response .. I have transferred all my direct debits into my new account but worried now that if my Iva is accepted , Nationwide will ask to switch to a basic account and this will cause a lot of disruption in order to set up all my direct debits all over again.
User avatar
abbiesmum2003
Posts: 777
by abbiesmum2003 » Sat Feb 09, 2019 12:14 am
This happened to us with Natwest.
When they found out about IVA we were changed to their most basic account but they automatically changed the DD etc we didnt have to do it all again.
To be fair that was over 6 years ago now and still with the basic no frills account!
User avatar
kallis3
Forum Expert
Posts: 74021
Contact
by kallis3 » Sat Feb 09, 2019 9:27 am
We had no problems with Nationwide but ours was a basic one. We did have a basic debit card and were allowed to keep it.
User avatar
Foggy
Forum Expert
Posts: 27950
Contact
by Foggy » Sat Feb 09, 2019 9:52 am
It shouldn't cause any major disruption --- they do all the switching themselves. As long as your current account is a no frills one, they might well leave it as is.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 16 guests