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.
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