Although bank accounts for bad credit do not come with an overdraft there is a bank account which offers something that no other bad credit bank account can offer…. a debit card.
It is a fact that no bank account will offer you an overdraft if you have bad credit. Overdrafts are a form of lending and the banks tend not to lend money to anyone who has some form of bad credit. It’s sad but it is a fact. However, there are some bad credit bank accounts which are much better than others.
Many people in the UK do have some kind of bad credit registered against their name and this will impact upon their ability to get a bank account. At best you can hope to be offered a basic bank account which usually only offers the very basic of banking facilities. You get to pay money in, have standing orders/direct debits and a cash card which can only be used at cash machines to withdraw your money.
However, what many people don’t know about is a certain bank account which offers you more than the above. Yes, you get all the basic banking options, paying in your salary or social security benefits, cash and cheques. You can set up direct debits and standing orders but instead of a plain old cash card you get a proper debit card that you can use to pay for goods in shops, online and over the phone.
While this may not be the bank account for bad credit with an overdraft it is the next best thing. Remember, a bank won’t give you an overdraft if you have bad credit so you can stop looking for them. Instead, how about opening a bank account for bad credit that gives you a debit card?
To make it even easier to manage your money you also get online banking and telephone banking. Opening the account is rather easy too as there is no credit check so you won’t be turned down due your bad credit. You can apply online using a short application form and the account will be opened for you within minutes. You’ll receive your brand new account number and sort code as soon as your account is open so you can begin using it right away.
Click Here to open bank account for bad credit online and get your sort code and account number instantly with no credit checks needed.
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