www.iva.co.uk

i am in the process of setting up an iva, i have left my current bank account and opened a new account with halifax and have been given a normal current account. i have no cheque book or overdrapht i must point out.is it ok to have a normal current account whilst being in an iva agreement?

Yes, that would be absolutely fine, providing Halifax aren't one of your creditors.

I open the same account pre Iva with the Halifax and so far a year on theyve been fine about it so dont worry .

Hi
You can have any account you want as long as you do not take any credit.
Regards

Hubby was in his IVA for 3 years and banked with Halifax.......no problems at all unless you count the one time they cancelled his standing order and blamed him [:D][:D][:D]

Hi Chris

i have a standard current account with the co-op which I opened pre my iva when my credit rating was ok.
It's fine as long as you don't use any overdraft facility they may offer, the co-op offered me one but I told them I don't want one and they cancelled it for me.
I think its a good idea to open a new account before an iva is proposed as you can still benefit from a visa debit/maestro card and cheque book. I need a cheque book to pay over any excess every month to IP but don't use it apart from that as cheques seem not to be accepted anywhere anymore.
Good luck
Emma