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Posted: Fri Oct 02, 2009 3:36 pm
by new member samantha
Hi. New to this. We went to set our new bank account today with Natwest but have since realised part of RBS of which one of our creditors will be due to a personal loan. Is this okay for a bank account at Natwest or should we go somewhere else. Thanks
Posted: Fri Oct 02, 2009 4:07 pm
by simon38
Hi Sam,
Get a new account with a bank that has no relationship to any of your creditors, assuming you are going for an IVA. The Coop seems to be the favoured option on this forum, and if you are going for IVA make sure you tell them you just want a simple current account with debit card but no credit facilities.
Posted: Fri Oct 02, 2009 4:19 pm
by thefsg
Hello Sam...the Co-op is good, it is the Cashminder account but I also suggest you open a SmartSaver savings account to keep any income surplus from month to month in for those bills - earning a whopping 0.25% interest!
Someone on another post recently said they had problems opening a savings account post-IVA acceptance so that's why I'm suggesting doing both.
The Co-op allows you to pay in money at any Post Office and also provides direct debits, standing orders and a Visa Electron debit card. Crikey, I'm starting to sound like I work for them...(I don't by the way!)