has anyone ever swapped to Natwest from Halifax ? - IVA Forum Free advice - www.iva.co.uk - f145 (2024)

Postby Kat.mc » Thu Jun 17, 2010 3:47 pm

Hi Kat, and welcome.

The Halifax and Natwest are not linked in any way. The Halifax is Bank of Scotland (HBOS), and Natwest is The Royal Bank of Scotland - NO link whatsoever, so calm down.

They cannot off-set your credit balance against your debit balance.

Gd Luck.

Kat.mc wrote:
Afternoon,
Just a quick question for all you experts, has anyone ever swapped to Natwest from Halifax...has i understand that if the companys are somehow linked them accounts can be froze... i am now in a panic as my proposal is done and i have a new account with natwest which my salary will be paid into at the end of the month!!!
Any comments would be grateful!
Thanks

Sinking Fast

'The Halifax and Natwest are not linked in any way. The Halifax is Bank of Scotland (HBOS), and Natwest is The Royal Bank of Scotland - NO link whatsoever, so calm down.'

I think the government owns a majority of both of them. Do you reckon the Chancellor might be able to claim offset?

Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com

I wouldn't have thought so, what with them both being seperate entities..

Michael Peoples wrote:
Sinking Fast

'The Halifax and Natwest are not linked in any way. The Halifax is Bank of Scotland (HBOS), and Natwest is The Royal Bank of Scotland - NO link whatsoever, so calm down.'

I think the government owns a majority of both of them. Do you reckon the Chancellor might be able to claim offset?

I was only kidding but it does just show how things have changed. When I started in insolvency nearly 12 years ago there were many banks.

Now there are very few and these are mostly state owned. I remember one client who had borrowed from Lloyds, Chartered Trust, TSB and another bank. Although, when he borrowed the money they were all separate entities, when he went insolvent they were all now part of the Lloyds group and Lloyds tried to argue the four creditors were in fact only one and rejected the IVA.

Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com

Hi MP,

Can they do that?

I would have thought separate account/agreement numbers would have put paid to that action.

Michael Peoples wrote:
I was only kidding but it does just show how things have changed. When I started in insolvency nearly 12 years ago there were many banks.

Now there are very few and these are mostly state owned. I remember one client who had borrowed from Lloyds, Chartered Trust, TSB and another bank. Although, when he borrowed the money they were all separate entities, when he went insolvent they were all now part of the Lloyds group and Lloyds tried to argue the four creditors were in fact only one and rejected the IVA.

Postby deb.ml » Thu Jun 17, 2010 10:42 pm

Hi, I went from Barclays to Natwest (I owed money to RBS who are part of same group as Natwest). I've had no problems at all. Been with them since August 09. Hope this helps.

deb