I am one year into my IVA and the one most frustrating thing is that my new bank HSBC will only give me a hole in the wall card. Do any banks offer people accounts with debit cards? I have tried to explain to the bank I dont want an overdraft ect just a debit card but its a computer that makes the decision so no chance. Any advise is appreciated.
Regards Andrew
You should never wish your life away but I hope the next 5 years fly by :0)
Hi Andrew and welcome to the forum. I would be very wary of banking with the HSBC whilst in an IVA as they have a tendancy to close down accounts, no personal experience just what is reported via the forum.
I have a basic account with the Natwest which carries a solo card and it works very well for me, the co-op also come highly recommended and they have a debit card too, lots of our posters bank with the co-op and they're very IVA/Bankruptcy friendly.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
My hubby did have a letter about a Visa Debit coming to him, he hasn't received it yet and I've never had the letter but my expiry date is 10/10 so wondering if they're waiting until then? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I have an account with Secure Trust Bank and to be honest I wish I had heard of them years ago. You don't get a debit card but a pre pay Mastercard, the limit is what you deposit to it from there on line banking system. The only problems I have encountered with the MC is that NCP type parking meters don't accept it even though they show the MC logo.
Steer clear of HSBC and First Direct - when they realise you are in an IVA they will close your account - it took them six months to twig with us and they then gave us 14 days notice to close the account !
We have basic accounts with visa electron cards with Halifax and Santender and a Visa Debit card with Smile - part of the Co-Op group - applied on line accepted !
Why so many accounts - car fund, contingency fund and day to day expenditure fund !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Co-op is a good account is a good one if they are not a creditor.
Whilst there is free banking available, then I would never advocate paying for a bank account.
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. http://kallis3.blogs.iva.co.uk
They can be funny if you are in an IVA after entering an IVA, otherwise you should be ok.
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. http://kallis3.blogs.iva.co.uk
You will only be able to get the Cashminder account, and that has to applied for in a branch or over the phone.
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. http://kallis3.blogs.iva.co.uk
...and when I called them to open the cashminder account they asked me if I was starting an iva or bankruptcy. If you weren't they would try and steer you towards one of their other accounts
