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Problems getting a Business Bank account while in IVA
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Firstly sorry if this has been covered, I had a look but I couldn't see anything on it.
I am currently 2 and half years into a 5 year IVA my problem is I have been self employed for over a year now and money has been going into paypal then I would transfer that to my bank account, and only recently have I realised that I should have a business account and not a current account for money coming in??????.
So I have approached pretty much all high street banks even ones that do Foundation accounts but they wont let me open an account if I am in an IVA which is annoying as I only want to pay money in from paypal ect and use it for paying suppliers and so on.
Is it really a necessity to have a business account for money coming in from paypal or should I just carry on until the IVA has finished then get a business account.
Any help would be appreciated.
I am currently 2 and half years into a 5 year IVA my problem is I have been self employed for over a year now and money has been going into paypal then I would transfer that to my bank account, and only recently have I realised that I should have a business account and not a current account for money coming in??????.
So I have approached pretty much all high street banks even ones that do Foundation accounts but they wont let me open an account if I am in an IVA which is annoying as I only want to pay money in from paypal ect and use it for paying suppliers and so on.
Is it really a necessity to have a business account for money coming in from paypal or should I just carry on until the IVA has finished then get a business account.
Any help would be appreciated.
0
Comments
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I think Cashplus offer a 'Business' Account facility if you are really stuck0
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