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Can daughter have a savings account with a bank I have debt with?

Posted: Mon Sep 27, 2021 4:17 pm
by shakila
Hi I currently have a savings account for my daughter with barclays
My account is also with barclays who I took out a loan with
Does anyone know if her money is safe after applying for an iva? Its in her name but I am named on it. She is only 1
My dad puts money in for her every month
I have already opened another bank for myself but unsure about her money
Can anyone advise please

Thanks

Re: <t>Can daughter have a savings account with a bank I have debt with?</t>

Posted: Mon Sep 27, 2021 5:14 pm
by Foggy
Her account, her money, in her name should be safe. You are only the trustee, the money is still hers, not yours.