Daughters Bank Account

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Locko

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Post by Locko » Wed Aug 06, 2008 11:41 am
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Hi my daughter who is 10 has an account with the Halifax which needs two signatures to access funds. If I put my contingency funds in here as it keeps it safe and I am less likely to use it for other things does anyone know if this would be ok, or do I need to show daughters bank book to creditors or IP's when I have reviews. At the moment there is nothing in there as she has just bought herself a lap top - any advice appreciated thanks Cathy [:)]
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Locko

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Post by Locko » Wed Aug 06, 2008 11:42 am
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Sorry meant to say one of my creditors is Halifax who I owe about £2700 as I had a credit card with them. Dont just want to start putting money into her account and then it be taking off us.
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MelanieGiles

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Post by MelanieGiles » Wed Aug 06, 2008 1:10 pm
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It is accpetable for to use this account for your contingency monies, so long as this works for you.
Regards, Melanie Giles, Insolvency Practitioner
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Locko

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Post by Locko » Wed Aug 06, 2008 1:18 pm
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Thanks Melanie, I just dont want it to be easily accessible just in case I am tempted to dip into it as I know I need to stick to a strict budget regards Cathy
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