Business Bank Account with IVA ?

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kevpuk replied

12 February 2016, 09:33
NatWest offer a Foundation account, I believe - this is basic business banking but generally available to those with less-than-perfect credit. Had a chum with exactly the same scenario......although cannot remember if he was still in IVA or just exited.
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Alan @ BroomeAffinity replied

11 February 2016, 22:21
CashPlus will give you a non-status company account for c£5 a month. Others are available but I can only vouch for CashPlus who've set up a couple of accounts for clients of mine.
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djc9823 started a topic Business Bank Account with IVA ?

11 February 2016, 21:58
Business Bank Account with IVA ?

Hi all

Ex contractor returning to contracting after a spell of permiedom.
I'm 5 years 4 months into a 6 year IVA, which is paid up to date (letter available from IVA provider to confirm)

Until I started researching, I hadn't considered that I might have issues getting a business account with the IVA.
- using my (soon to be ex) partner as a director isn't an option, she was the reason I'm in the IVA anyway
- not happy doing anything questionable to get the account

Has anyone any experience of/recommendation for banks that might be helpful ? Posts in other forums are a bit contradictory - seems to largely depend on the bank/branch involved.

Any advice welcomed

Many thanks
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