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Posted: Tue Apr 05, 2011 8:00 pm
by littlefi
I was advised to open a 'safe' bank account before I even started debt management/IVA, which I have done, and have been given a visa/debit card, not obviously a visa card, just a visa/debit, if I enter into an IVA will my new bank be aware and will this facilty be withdrawn?
Sorry for all these questions from a newbie, it's a scary if good thing to do but I have so many questions!
Posted: Tue Apr 05, 2011 8:02 pm
by kallis3
Which bank have you opened your account with? The Co-op is recommended.
As long as it is not HSBC or First Direct then you will be ok.
Posted: Tue Apr 05, 2011 8:04 pm
by littlefi
I have debts with Co op sadly so it couldn't be them, it is with Barclays
Posted: Tue Apr 05, 2011 8:07 pm
by kallis3
You'll be fine with Barclays. They were actually one of my creditors and I still have a full current account open with them.
Posted: Tue Apr 05, 2011 8:13 pm
by littlefi
wow thank you! That is such a relief, stupid stuff like I have a kindle (christmas present) and i was thinking I can't even pay for 99p books online if I don't have a visa debit, small pleasures and all that!
Plus as OH is disabled if I'm ever sick and can't get to supermarket I've had to order food online, can't do that with cash!
Posted: Tue Apr 05, 2011 8:25 pm
by kallis3
It's not my main account but I've had no problems.
I think most basic accounts have a debit card these days.
Sorry to hear that OH is disabled. My hubby has health problems as well. We have to grin and bear it don't we?
Posted: Tue Apr 05, 2011 10:29 pm
by Broke of London
Hi ya, I have a full current account with Lloyds which I opened while setting up my iva and I haven't had any problems. Silly worries and all that...when I needed my card replacing (left it in a shop) i thought i would flash up on their system for a basic card but the visa was replaced (phew). x
Posted: Tue Apr 05, 2011 10:37 pm
by MRBLUESKY
In my experience Lloyds are good with iva,s but i did change my account to the co-op.
Posted: Wed Apr 06, 2011 8:29 am
by kallis3
Nationwide are good if you open your account pre IVA, not sure what they are like afterwards though.
Posted: Wed Apr 06, 2011 8:10 pm
by love hope and strength
I can vouch for Nationwide, opened a full account just
before my IVA was accepted. I even received a letter from them the other day advising my account now qualifies for free European Annual Travel Insurance....not that I'll be needing it, for the next few years anyway !!
Posted: Wed Apr 06, 2011 8:12 pm
by kallis3
We get the travel insurance - wouldn't be able to use it anyway as have waaaaay too many health problems!