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Closing bank accounts

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Comments

  • erdd2
    erdd2 Posts: 1,070 Forumite
    adyj73 wrote: »
    nope it's nowt to do with a IVA - If you are a customer at a bank and you miss payments they can pilfer any other in credit accounts at the same bank regardless of any IVA's etc - it's just written as standard in their terms and conditions.

    Basically if you know you are going down the pan if your loans are with the same banking group your salary is paid into you need to open an account with another banking group ASAP and redirect your salary before you start struggling....or else if they get wind of your problems they can basically LEGALLY empty ANY accounts (within their group) in credit to pay o/s debts....

    Think we are at cross purposes here, I was referring to

    "The bank I work for will not permit the cancellation of DDs or SOs to any in-house debt"

    and commented re SOs being customer controlled

    however thanks for the info and hope I never actually need it :beer:
  • adyj73
    adyj73 Posts: 166 Forumite
    erdd2 wrote: »
    Think we are at cross purposes here, I was referring to

    "The bank I work for will not permit the cancellation of DDs or SOs to any in-house debt"

    and commented re SOs being customer controlled

    however thanks for the info and hope I never actually need it :beer:

    My ex wife used to work for Natwest but not too sure she would appreciate me calling her at 5:50am to ask your question :p

    Good luck regardless
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