Basic UK Bank Accounts

Have you ever been refused a UK bank account?

If you try to open a standard UK personal current bank account complete with cheque book, cheque guarantee card, Switch or Visa Delta debit card and overdraft facility then you could be refused for any of the following reasons:

• poor repayment history
• poor, adverse or bad credit (CCJs, defaults)
• bankruptcy or IVAs
• a low credit score (low earnings, not at current address for long etc)
• a history of fraud (CIFAS flag)
• not being on the electoral register

You may not even know why you keep getting refused for a UK bank account and only an examination of your credit file will reveal any bad credit history.

Even if your credit file is in good order your financial circumstances may mean that your resulting credit score is so low that you will still be refused a normal current bank account.

Banks prefer customers with regular incomes that pay them into their bank accounts directly.

For people in this position, some banks are now able to provide more than just a savings bank account. These new type of real bank accounts are called basic bank accounts.

As you would expect, most basic bank accounts just provide the most basic of banking facilities.

All of these new basic bank accounts provide ATM cash cards and services such as standing orders and direct debits. A few of these bank accounts will even provide debit cards such as the Solo and Visa Electron types. Two that we know of will also provide a cheque book.

The only people they will generally refuse to open these basic UK bank accounts for are undischarged bankrupts (not always the case) and those with any history of fraud.

There is a UK bank account solution for most people!
Click here to find out more!