An IVA bank account is a bank account which is acceptable for use within an IVA. Here at My IVA Adviser we have written an article called “Basic bank account in an IVA” which can be found at our articles page a rich resource of IVA information.
An IVA bank account needs to be a basic bank account which has no access to credit. This is because when in an IVA there is no credit allowed and any bank account with an overdraft facility is classed as credit, therefore a basic bank account i.e an account without an overdraft is the only account allowed.
To learn more about an IVA bank account call our advisers on 0800 088 7503 or leave your details on our quick contact form so that we can call you back.
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