Can funds in our Abbey bank account be used to offset our debt with Alliance & Leicester even though this is included in IVA?
How can we find what our position is legally regarding IVA? Our IVA supervisor had advised us to move bank accounts as a precaution however none of the high street banks will consider offering is a basic bank account because of the IVA!
We need a bank account as our employers can only pay our salafies (via BACS) into accounts bearing our name.
On forum the Co-op is highly recommended and very welcoming to people in IVA's/bankruptcy. Give them a try, I'm not sure of the legal standing and the offset of monies.
I'm with Natwest (Step Account) although I did open this prior to IVA acceptance.
However, I agree with Lesley that the Co-op is a good one to use. It would be basic Cashminder account and you can only open it over the phone or in a branch.
I think Barclays are ok with their basic account, and so are Yorkshire Bank.
Who is onlineUsers browsing this forum: No registered users and 12 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location