DMP associated bank accounts

januaryblues25

I am intending on starting a DMP - I owe money on my overdraft on my current account- I have a new account elsewhere. However, I have associated accounts for my children, they are 16+ and use the debit cards in their names to spend with.
Is their money safe?  or can the bank call upon the balance and attached to my account?

Grumpelstiltskin

Are the accounts just in their names or joint with you?

januaryblues25

You open them though the parent account - I really cant tell - its called "spending account" but they were set up as childs account.
I think I'm going to move them just in case. 

Grumpelstiltskin

I think it is better to move them just in case.

Rob5342

If they are 16+ it would make sense for them to have their own independent account anyway. 

sourcrates

Money can be removed from any account by the process of "offset".

The account must be in your sole name only, and can be taken from any account within the whole banking group.