Natwest advised closing personal account

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chris.c

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Post by chris.c » Wed Aug 08, 2007 3:47 pm
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My mum in law has been running an IVA for four years. Last month Natwest advised her they were closing her personal bank account which she has had all the time and will not let her reopen a personal account - are they allowed to do this when the IVA has been running so long ?
Thanks
Last edited by chris.c on Wed Aug 08, 2007 3:47 pm, edited 1 time in total.
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Adam Davies

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Post by Adam Davies » Wed Aug 08, 2007 4:18 pm
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Hi
Yes they are I,m afraid.
It seems that several banks,First Direct,HSBC and now Natwest are closing accounts of people in an IVA.
There are many other banks that will allow a basic account and a good starting place is the Cooperative bank.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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iva_squirrel

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Post by iva_squirrel » Wed Aug 08, 2007 5:04 pm
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Hi chris.c and welcome to the forum,

Unfortunately some banks are behaving that way towards people in an IVA but you can try to open a basic bank account with Think Banking, Abbey or Nationwide.

Regards,
Michelle P.
Last edited by iva_squirrel on Wed Aug 08, 2007 5:07 pm, edited 1 time in total.
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Oliver

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Post by Oliver » Wed Aug 08, 2007 5:08 pm
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Ultimately the bank does have the right to do this I'm afraid. She will need to open another bank account so be sure to let her know the ones Andy mentions above so she can avoid them.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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Keepingmyheadabovewater

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Post by Keepingmyheadabovewater » Thu Aug 09, 2007 7:38 pm
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hi chris does she have any money eg salary or pension paid into her account and as she ever missed a direct debit payment since banking with natwest

JOHN
JOHN
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Keepingmyheadabovewater

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Post by Keepingmyheadabovewater » Thu Aug 09, 2007 9:25 pm
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to chris and andy davie i have a bank account with natwest i just phoned them uptonight at 21.15 people and they are not closing peoples bank accounts down while doing a iva

JOHN
JOHN
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Adam Davies

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Post by Adam Davies » Fri Aug 10, 2007 11:38 am
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Hi
It may be a branch decision or it could be that there are other factors in Chris,s mother in laws case
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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