This is a question that I hear asked a lot of the time. The fact that it is now a common question is a worrying sign and with the increasing number of people who are now registered as bankrupt in the UK it will continue to be a commonly asked question. In 2010 there were around 50,000 people declared Bankrupt in England a Wales and 24,000 in Scotland.

That’s around 200 people becoming bankrupt every day of the year !!

There are many financial implications when you become Bankrupt and it is seen as a very dire situation which can affect your life in many ways. Even the prospect of opening a bank account can become a very difficult task as High Street banks seem to avoid someone who is bankrupt like they have the plague.

So what are your options when you’re bankrupt and need a new bank account?

Well, the best bank accounts for bankrupts are NOT the ones which are usually offered by the High Street banks. High Street banks basic accounts really are just very basic accounts. You have an account that you can pay money in and take it out via cash machines. You don’t get much more basic than that.

But there is a much better bank account that is available to anyone who is Bankrupt and because there are no credit checks, you are 100% guaranteed to be accepted for the bank account which comes with a debit card as standard. You can use the debit card to pay for items online as well as in shops. It also acts as a cash card so you can withdraw money from any ATM too.

You can pay money (cash and cheques) in to the account via any post office or branches of a Major High Street bank. You can have you salary (or benefits) paid directly in to the account as well as setting up direct debits/standing orders.

You can also manage your new bank account in three ways, via online, via phone banking and via mobile banking. This accounts offers a lot more than a basic bank account from your High Street bank and you’re guaranteed to be accepted for it as there are no credit checks carried out.

This is bar far the best bank account for people with bad credit in the UK.

Click Here to open a UK Bank Account Online without a Credit Check and Get Your Account Number and Sort Code Instantly Even If You’re Currently Bankrupt

 

 

 

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