Old bank account and IVA

tatty82

Hi, I'm after a little advice please.....

I started on an IVA with StepChange in December last year. Everything has been fine with it so far.

My dad (who knows nothing about the IVA, and I won't be telling him about it either) transferred £100 to me to help with Christmas shopping.

Problem is, he transferred it to my old bank account which we had an overdraft on at the time of starting the IVA.

I called the bank (Lloyds TSB) and they said that the account is showing as closed from January this year. I explained the situation and the person I was speaking to said that normally if payments are transferred to a closed account then they bounce back, he said he thought this happened the next day.

My dad did the transfer at least 2 days ago and it's not back in his account yet.

I explained why I was asking and the person on the phone said that maybe StepChange were monitoring my account and they'd claimed the money - I didn't think they did that?

Does anyone know what'll happen? I'm hoping the transfer will just bounce back next week at some point, but I'm concerned that there's maybe a collections department and the transfer was somehow successful and they've kept it.

If any one has any experience of this happening then I'd be most grateful if you could tell me how it went.

Thanks you

longtermplanner

I would give it another couple of days and see if the repayment returns.

Giggles_Fairy

Ths account won't be closed -as it needs to accept payments from the IVA. The account will have been passed onto a different department or company as it is an account in the IVA so will look like it is closed on his system.

You need to contact your IVA company and ask the to contact the creditor and explain this gift from your father to help with christmas was transferred in error. The creditor should then refund it. Timescales can vary with creditors but it can sometimes take a couple of weeks.