www.iva.co.uk

Hi I just wanted to share this with you - I got an email this morning from cash plus - offering a mastercard with no card fee, no monthly fee just an annual fee of £4.95!! You can have your wages paid into it and set up direct debits and standing orders and it has 24 hours to online access to your account. Thought it might help people who are struggling getting a bank account?? xx

Hi Spanna - are you sure you have the correct fee info? - best to double check in the terms and conditions. As for the product and functionality, cannot fault it!

is it a monthly fee?

sounds like their premier offering which of the top of my head carrier an annual fee where you can pay upfront and not worry about other charges until the following year (apart from ATM

Thanks for this Spanna1310 - is this the prepaid mastercard you are talking about? I would have a look at their website if it is as there are variety of fees payment options and also an overdraft facility that needs to be approved but if in place hold a £20 per year fee plus 50p daily usage rate.

If it is this one, I am sure for the right customers this service is a great alternative but always research carefully to ensure there are no potential pitfalls or risk areas if in an IVA.

Yes Tina thats the one - just had an email through this morning with a "special offer" saying no monthly fee, no card fee just annual fee of £4.95 - its not for me as im happy with my bank currently but i thought it might be beneficial to someone struggling to get an account x

If you have a credit union in your area, these can be worth looking at for current accounts.

Many credit union offer great facilites these days. http://findyourcreditunion.co.uk/home

definately worth looking at as Tina says - personally I try to advise steering clear of overdrafts but definately beneficial for consumers to think of this as an alternative.

It's always good to have a variety of options available when looking for a bank account so all these suggestions will undoubtedly help a poster.