Basic bank accounts no credit check – these should be readily available for everyone to get, however, there really are not that many basic bank accounts available on the market at the minute.
If you have some bad credit and approach the so called High Street banks for a new current account, you will more than likely be turned down. Should you have been made bankrupt and need a new bank account or are in an IVA (Individual Voluntary Arrangement), then your options are restricted much further.
Even if you did manage to get a new basic bank current account from the well known banks, that account may not be suitable for you at all. This is due to the fact that if you miss paying a Direct Debit or you are not able to pay a Standing Order that was set up, then these types of bank will charge you an extortionate fee for every single payment missed. This could range from £25 to £50 each time which will soon turn into high amounts of fees due to them.
Get a Basic Bank Account With No Credit Checks
If you are in the situation of needing a new basic bank account, your best option is to open one with a niche type company that will fulfil your needs.
If there is a chance that some months your Direct Debits or Standing Orders may not be paid, then you need a bank account that will not penalise you for doing this.
Have a look at the banner adverts on the Bank Accounts Bad Credit page, where you can apply directly free of charge. Details of these accounts are shown on that page for your information.