Bank accounts for everyone
Everyone deserves the security of a bank account. The right account for you will depend on your financial background and current circumstances. Most banks do check your credit history when you apply, but don’t worry - if your credit score is low, you can still open what’s known as a ‘Basic’ Bank Account. This option is designed to help everyone manage their money with confidence.
Basic bank accounts
If you have a low credit score, missed payments, or debts, a basic bank account could be just what you need. These accounts are designed to help you manage your money confidently, without the worry of extra fees or overdrafts. Here’s what’s included:
- No monthly fees
- No overdraft facility
- Set up regular payments
- Debit card included
- Access to cash machines
- Pay in your income
- Check your balance anytime
Banks and building societies offering free basic accounts
- Barclays – Barclays Basic Current Account
- Santander – Basic Current Account
- NatWest – Foundation Account
- Royal Bank of Scotland (England & Wales) – Basic Account
- HSBC – Basic Bank Account
- Nationwide – Flex Basic
- Co-operative Bank – Cashminder
- Lloyds Banking Group (including Halifax & Bank of Scotland) – Basic Account
- TSB – Cash Account
- Clydesdale Bank & Yorkshire Bank – Readycash Account
- Virgin Money – Essential Current Account
Always check the terms and conditions before you commit to a bank account.