Basic Bank Account for Bad Credit

The Basic Bank Account

A bank account is very much a nesseccity in today’s times – everything to do with money seems to include a bank account. Direct debits, standing orders, having your wages paid in, writing cheques, they all require bank account.

The problem is that getting a bank account from a UK high street bank isn’t guaranteed if you have a bad credit history. It seems silly that as we rely upon a bank account they can seem out of reach  for many people.

There are solutions to the problem though thanks to some high street banks as they do offer what is called a “Basic Bank Account”. These types of accounts are specifically for people who have a less than perfect credit history but still need a bank account to pay direct debits from and to have their salary paid in to.

So what is the difference between a ‘normal’ bank accounts and Basic Bank Accounts?

Well, usually, a basic bank account just offers the basic banking facilities which include being able to have your salary paid directly in to your bank account, and the ability to pay direct debits and standing orders. A Basic Bank Account will normally include a cash card that can be used to withdraw money from any cash machine (ATM).

The cash card which is issued with a Basic Bank Account does not offer any form of electronic payment option which means you cannot use the card to pay for goods in a shop, over the phone or via the internet. Although, depending upon your credit rating and the issuing bank, they may issue you with a “Visa Electron” debit card or a “Solo” debit card. With either of these cards you can pay for goods in shops, and in some instances online but you cannot spend more than what is currently available in your bank account. This prevents you from going overdrawn and incurring charges from your bank.

It is worth asking each bank what facilities they offer with their Basic Bank Accounts to make sure you get the best deal as even a “Visa Electron” or “Solo” debit card is better than just a cash card (ATM).

Basic Bank Account – Your Other Options

Even if you do have bad credit, in fact, even if you are subject to an IVA or are currently Bankrupt, you can still get a full bank account with all of the normal banking options available to you. There are specialist companies which are able to get you the bank account that you really want so you don’t have to settle for just a Basic Bank Account.

Bad Credit Bank Account Resource:

Using this rescource sction you can get a guaranteed bank account that offers everything you see below.

• Quick and easy to apply with no credit checks
• A bank account with guaranteed acceptance that’s open to everyone*
• One-to-one Account Manager and secure Internet banking
• No hidden bank charges and you won’t incur any overdraft fees
• Manage your account on your mobile phone
• Plus you’ll get your own Prepaid MasterCard® card so you can control your spending

If you want all of this from a bank account even if you have bad credit, have an IVA or are currently registered Bankrupt then use the link below right now and apply online for instant acceptance.Apply For A Guaranteed Bank Account – Click Here