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..
Click Here to open a UK Bank Account Online without a Credit Check and Get Your Account Number and Sort Code Instantly
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.
Click Here to open a UK Bank Account Online without a Credit Check and Get Your Account Number and Sort Code Instantly
Tags: bad credit, bad credit bank accounts, bank accounts, bank accounts for bad credit, bank accounts for people with bad credit, basic bank account, basic bank accounts, ccj, default, poor credit