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
Posts: 10
Joined: Fri Feb 08, 2019 11:00 pm

Post 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
Posts: 837
Joined: Sun Dec 02, 2012 8:50 pm

Post 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
Forum Expert
Posts: 74600
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post 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.
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.


User avatar
Forum Expert
Posts: 28939
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post 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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”