business bank account for IVA

okeydokey

Can anyone help, I need to open a business bank account just before my IVA goes through, very basic required, any ideas?

james32_uk

I dont know about business account specifically but I managed to open a current account with all the works in Lloyds just before and Citibank during.

Edit, no overdraft of course!

archangel79

Also have had the same trouble. Don't want an overdraft, dont' even need a chequebook or debit card. Just want an account to pay money into and then make transfers to personal account. Was turned down by 3 banks, as I have debt with Natwest, HSBC, Halifax, and Barclays (who seem to be the people that have special accounts for people like us), however I have finally setup an account and received my account number today (WOOHOO!). I opened it with Bath Building Society. They don't do a credit check. They make a query with Equifax only to verify your identity. Sent the forms off and had my account number in 3 days, and it seems they operate under Natwest (who turned me down originally hehe) so at least I know my money is with a highstreet bank still. Needless to say I'm a happy chappy right now so revisitng all the threads I looked at previously so I can hopefully help some other people that are in my situation. It's a very basic bank account that's just good for clients to pay money into and for you to then transfer money to your personal account monthly via BACS, but that's all I need.

spaceman5

archangel79 wrote: »

Also have had the same trouble. Don't want an overdraft, dont' even need a chequebook or debit card. Just want an account to pay money into and then make transfers to personal account. Was turned down by 3 banks, as I have debt with Natwest, HSBC, Halifax, and Barclays (who seem to be the people that have special accounts for people like us), however I have finally setup an account and received my account number today (WOOHOO!). I opened it with Bath Building Society. They don't do a credit check. They make a query with Equifax only to verify your identity. Sent the forms off and had my account number in 3 days, and it seems they operate under Natwest (who turned me down originally hehe) so at least I know my money is with a highstreet bank still. Needless to say I'm a happy chappy right now so revisitng all the threads I looked at previously so I can hopefully help some other people that are in my situation. It's a very basic bank account that's just good for clients to pay money into and for you to then transfer money to your personal account monthly via BACS, but that's all I need.

if you have debt with natwest, and you are going into a iva or in a iva, where you not advised to get a bank account with a bank that you did not owe money too, because as far as i can tell, if they know its you and you owe them money, they could take money out of your account to pay the debt

FoggyBrain_2

I imagine their link with Natwest is as a customer -- using Natwest as their clearing bank. Many Building Societies use banks to move their funds, but have no other business relationship.