We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Existing bank accounts - DRO

Options
gemma1979
gemma1979 Posts: 135 Forumite
in IVA & DRO
What happens regarding your existing bank account if you apply for a DRO? Do you keep it or does it get closed? I have no debt with the bank.
Never judge a book by its cover :beer:

Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    I think you'll be ok

    I was ok keeping a Halifax current account (also hold their basic easycash account as a secondary a/c) already opened, whom I had no debt with or overdraft, so far, now I'm really touching wood !

    I just think I'll not be able to apply for another 'upgrade' in future - certain restrictions now on account in that way it seems, but have banking as it used to be in every other way before - online access, card, statements etc
  • fatbelly
    fatbelly Posts: 22,912 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    gemma1979 wrote: »
    What happens regarding your existing bank account if you apply for a DRO? Do you keep it or does it get closed? I have no debt with the bank.

    It doesn't get a mention on the application. So you'll be OK.
  • caz2003uk
    caz2003uk Posts: 673 Forumite
    Wedding Day Wonder
    Exactly correct! I had no debt with my current bank, my dro ends in 3 days and had no issue with my bank!
    :jEngaged 25/12/11 :j
    :smileyheaMarried the man of her dreams and became Mrs M on 26th April 2013 :smileyhea
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture