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IVA review
Depero
Posts: 8 Forumite
Hello,
I've been asked to provide access to my bank statements via open banking for my first IVA annual review (as well as last 3 months of payslips).
The open banking access was requested from 3 months prior to the request date, which I agreed with. I know they will have access to it for the duration of 90 days. Does that mean they will have access to 6 months of statements overall? Or just for the 3 months I provided but for 90 days?
I've been asked to provide access to my bank statements via open banking for my first IVA annual review (as well as last 3 months of payslips).
The open banking access was requested from 3 months prior to the request date, which I agreed with. I know they will have access to it for the duration of 90 days. Does that mean they will have access to 6 months of statements overall? Or just for the 3 months I provided but for 90 days?
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Comments
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Depending on who your IVA is with, they normally access the previous 12 months of transactions within your current account to which you have provided access. The banking connection may well be valid for 90 days, which means that they have 90 days to review your transactions, so that is effectively how long the 'door is open' to them not how many months of information they can see.If you believe you can, you will. If you believe you can't, you won't.
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When I gave permission through open banking it specifically said that I would give permission to my statements from a specific date onwards (3 months ago) not 12 months, so surely they don't have permission to go further back than that date? ie. I've given permission for them to access my statements from 18th July, on the 18th October. They have access to those 3 months for 90 days. Is that correct? Thank you0
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