Don't touch HSBC or First Direct as they don't like IVA's and, even if not a creditor they have been known to close accounts
I would not cancel DD's etc until you have decided what you are doing. Whilst a couple of missed months allows you to build a small emergency fund, more than that will give the creditors time to enforce payment, should they so wish, before you can get the protection of an IVA in place.
Make sure you have explored all options, not just an IVA to ensure it is the right option for you.
I've made a quick video about bank accounts in Bankruptcy, which applies to IVAs too here:
It is recommended you open up a basic bank account with a difference bank to fall back on.
Nationwide seem to have good accounts for those entering IVAs if they are not one of your creditors.
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