People often confuse basic bank accounts with bad credit bank accounts. While both of these types of current account target the same market, those with bad credit, there are some large differences between the two accounts.

What is a basic bank account?

A basic bank account is exactly what it says on the tin. It is just a bank account with the most basic of facilities and they can be rather restrictive. This type of account is usually offered to persons aged 16 – 18 who have no credit history or someone who has a record of bad credit. With the basic bank account you won’t get an overdraft, cheque book or debit card. Some banks won’t even allow basic bank account customers to pay money in over the counter, instead they make them use the “fast pay” option whereby they place their cash in an envelope with a paying-in slip in the secure box in the branch.

Now, personally, that says to me that the bank thinks of the customer as a lower class and doesn’t want them holding up the queues of customers who have regular current accounts. That is kind of degrading really and creates a two class system of customers in the bank.

So with a basic bank account you can expect to have the bare minimum of banking facilities and thought of as a second class customer by your bank. Who would want to be a customer of a bank like that? The problem is that many people think that is the only option they have if their credit rating is poor.

Well, actually, there is another option open to people in the UK who have a bad credit rating and who don’t want to be treated like a second class customer.

OK, so what is a bad credit bank account?

Bad credit bank accounts are designed specifically for people who have bad credit without treating them like second class customers. The accounts also offer better banking facilities including a debit card as standard which is something that no other bank will offer with a basic bank account. It baffles me why people put up with being treated so badly by their banks when there are much better options available.

A bank account for bad credit?

It is exactly what it says it is: if you have bad credit and need a bank account that doesn’t restrict you like a basic bank account does, then this is a bank account for you. First of all, let’s be very clear on something, there are NO credit checks with these bank accounts. The reason for this is that it doesn’t matter how bad your credit rating is, you will still be accepted for an account – that’s why there are no credit checks.

One of the main differences between a basic bank account and a bank account that is specifically for people with bad credit is that the one for bad credit comes with a debit card as standard. While a basic bank account offers a simple cash card which will only let you take money out of the cash machine a debit card allows you to pay for goods in shops using the chip n pin machine. You can also use the debit card online and over the phone. In fact, a debit card makes life a lot more convenient and every bank account should have one.

But bad credit bank accounts go further than just a debit card because they allow you to manage your account using online banking, phone banking and even text (sms) banking. This means you can access and manage your account when it is convenient to you rather than just when the bank is open.

But what about paying money in to your account?

Well, that’s just as easy as having a regular bank account. You can pay money in over the counter at the banks High Street branches, this includes cash and cheques. You can also have your wages or social security benefits paid in directly too. Direct debit and standing orders also allow you to set up regular payments for things like your gas/electricity bills, phone bill, SKY bill etc.

The simple fact is that a bank account for bad credit is just like a regular current account apart from it won’t come with a cheque book (who uses those now anyway) and it won’t be able to offer you an overdraft. But when you consider what your local High Street bank provides you with, and how it treats you, when you have a bad credit rating then a bank account for bad credit stands head a shoulders above a basic bank account from your local High Street bank.

Q: Are there any basic bank accounts with a debit card that you can open online?

A: Usually, with a basic bank account the bank does not offer you a debit card. Instead they only give you a basic cash card so you can withdraw money from cash machines. With a cash card you cannot pay for items in shops or online.

However, there is one bank which does offer basic bank accounts with a debit card that you can open online. In fact, because of all the extra benefits that are offered by this bank I am surprised that other High Street banks have not yet followed suit.

These basic bank accounts come with a debit card as standard, they do NOT require a credit check, they can be opened online AND you get your sort code and account number instantly.

Guaranteed Basic Bank Accounts With No Credit Checks

If you’re looking for a basic bank account that offers a debit card with no credit check then this is for you. Because there is no credit check needed you are guaranteed to be accepted for the basic bank account even if you are currently bankrupt, have an IVA, have CCJ’s or Defaults.

This is the only basic bank account that you’re guaranteed to be accepted for if you are currently bankrupt. Add to the fact that you can apply for the account online and get your sort code and account number sent to you instantly then it’s a great choice for anyone who is an undischarged bankrupt.

This is the best basic bank account with a debit card with no credit check needed.

It bank account allows you to pay cash and cheques in over the counter at branches of a High Street bank as well as at any Post Office. You can also have your salary, pension or benefits paid directly in to the account as well.

Withdrawing your money is just as easy as you can use the debit card at any ATM to withdraw cash. You can also use the debit card to pay for goods in shops and online.

Q: Is there a UK bank that allow bank accounts for bankrupts?
I am currently bankrupt but need to open a new bank account in the UK. Which High Street bank offers bank accounts for bankrupts.

A: To be honest, while you are currently bankrupt your options for a High Street bank account are very limited. There may be a couple of High Street banks that may offer you a very basic bank account but it will only come with a cash card. Bank accounts for bankrupts do not offer a debit card.

There is an alternative for anyone looking to open a bank account with bad credit. You can open a brand new bank account online which does not need a credit check so you’re guaranteed to be accepted for it.

So even if you are currently bankrupt, have an IVA, CCj’s or Defaults, you are guaranteed to be accepted for this basic bank account.

Basic Bank Account Features

If you’re looking for the best bank accounts for bankrupts then here are a few reasons why this wins:

• There are no credit checks
• It has a 100% acceptance rate
• You can apply online
• You’ll get your sort code and account number instantly
• It comes with a debit card as standard
• Pay cash and cheques in via the Post Office
• Pay cash and cheques in via a High Street bank branch
• Have your salary or benefits paid in directly
• Set up Direct Debits and Standing Orders

While High Street banks can offer you a basic bank account, even if you’re bankrupt, they will not be able to offer you a debit card which is where THIS type of basic bank account beats all of the others for features. Remember, with a debit card you can pay for good and items in shops using the chip n pin machines, you can also buy goods online as well as over the phone.

Why would anyone settle for just having a cash card that they can only use to withdraw money from a cash machine. Not only is that very inconvenient but it’s also risky as you end up having to carry cash around in your pocket. You could lose that money, or even worse, you could get robbed. It is much safer to use a debot card instead of carrying cash around all the while. And that’s just another reason why this type of basic bank account is better than one from any High Street bank.

There are bank accounts that are specifically designed for people who have a less than perfect credit rating and these bank accounts are called “Basic Bank Accounts”. But not all basic bank accounts are created equal. In fact, the bank accounts for bad credit that are offered by the major High Street banks are not the best ones.

While High Street banks do offer basic bank accounts for people with bad credit they don’t actively advertise the fact. High Street banks prefer to deal with customers who have a ‘good credit rating’ as they tend be able to make more money from those people with bank charges, such as overdraft fees. Basic Bank accounts for bad credit from the High Street banks do not offer you an overdraft.

In fact, High Street bank accounts for people with bad credit do not offer much in the way of services at all. There is no cheque book, no debit card and no overdraft. These accounts are very basic, hence calling them Basic Bank Accounts..

However, there is an alternative, which is available to anyone in the UK, regardless of their bad credit rating. Not many people know that it is possible to actually open a basic bank account with no credit check being needed. This means you can open a basic bank account with very bad credit and because there is no credit check you are guaranteed to be accepted for the account.

Bank Accounts For Bad Credit – The Better Option

As I mentioned before, although the Major High Street banks do offer basic bank accounts they are exactly that, just a basic bank account. Even if you do have bad credit, you deserve better than just a Basic Bank account.

And that is exactly what you can get right now, online. You can get a basic bank account with no credit check which means you’re guaranteed to be accepted regardless of your credit rating.  Because there are no credit checks these bank accounts are ideal for bankrupts or if you have an IVA, CCJ’s or Defaults.

But it doesn’t stop there because these basic bank accounts offer you more than other basic bank accounts. Every basic bank account includes, Online Banking, Telephone Banking, Mobile Banking and a Mastercard Debit Card which is linked directly to your account.

The Mastercard debit card allows you to pay for items online as well as in shops. It also gives you access to your money via any Cash Machine.

These bank accounts for bad credit are just like regular bank accounts and have guaranteed acceptance so you won’t get turned down. You can apply online and you’ll have your sort code and bank account within minutes. As soon as you receive your sort code and account number you can start to use your account right away.

It is becoming increasingly difficult to open UK bank accounts with no credit checks yet there are now more people than ever before who are running into credit problems. This has led to banks being extremely cautious about who they give banks accounts to, even though there is no legal reason to prevent these individuals from obtaining an account.

All major High Street banks do offer what is called a “Basic Bank Account” but these accounts are VERY basic – hence the name. These accounts do not provide you with a cheque book and most only come with a cash card which can only be used to withdraw money from an ATM.

In this day life is made much easier when you have a debit card to use as well.

A Basic Bank Account With No Credit Check ? – Yes, you can open one today

Well, there is a bank account that you can open which does give you a debit card and these accounts can be opened regardless of your credit rating. It’s true that bank accounts with no credit check are few and far between but the one that I am about to tell you about can be opened online and has a 100% guaranteed acceptance.

Because there are NO credit checks with this bank account it means you can open one even if you’re currently bankrupt, have an IVA, have CCJ’s or Defaults. Your bad credit rating will not stop you from opening this basic bank account which offers you many great features which other High Street banks don’t.

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A Basic Bank Account With No Credit Check – The Next Steps

If you need a bank account and have bad credit, CCJ’s, Defaults or are even currently bankrupt then there is good news because you can get a bank account, opened online, with guaranteed acceptance. In fact, this account can be opened instantly and you’ll receive your bank account number and sort code within a couple of minutes. Remember, these are bank accounts with no credit check so they’re the perfect bank accounts for bankrupts.

These bank accounts also come with a debit card as standard and there are no credit checks involved and you are 100% guaranteed to be accepted.

Basic bank accounts for people with bad credit are designed for people who have been refused a bank account from their High Street bank.

There are many reasons why you may be turned down when you apply for a bank account at your High Street bank but the main reason will be due to some form of negative information on your credit file. It may be that you have a history of not paying back loans or having debts that you can’t manage. You’re not alone there.

You may be subject to an IVA or registered bankrupt. Again, there is a rising number of people in the UK who are registered bankrupt or who have an IVA. The number of people who are having CCJ’s and Defaults registered on their credit files is also on the increase. All of these things will have a very negative impact on your credit file and make it more difficult for you to obtain credit.

Basic Bank Accounts With No Credit Checks

The thing is, regardless of your credit rating, you can still get a bank account that offers guaranteed acceptance. This is known as a guaranteed bank account and is specifically designed to help people who have a bad credit history. Not all basic current accounts are created equal, some are better than others and offer you more banking facilities than others.

Basic Bank Accounts With Guaranteed Acceptance

There is one bank account that offers guaranteed acceptance while still offering all regular bank account facilities but it also gives you a debit card too. The card is linked directly to your bank account and can be used online, in shops with the ‘chip n pin’ as well as at cash machines to access your money.

This bank account is available to anyone regardless of their credit status. It doesn’t matter if you’re currently subject to an IVA or even registered Bankrupt. You are 100% guaranteed to be accepted, there are no credit checks, the account is opened instantly online and you’ll get your sort code and account number within a couple of minutes.

These bank accounts also come with a debit card as standard too. You’ll get your account number and sort code as soon as your account is open. Apply online right now and your new bank account will be opened within a few minutes from now.