UK Bank Accounts For Those with Bad Credit
All bank account details correct as of
21st May 2013
If you try to open a standard UK personal current bank account complete with cheque book, Visa debit card and overdraft facility then you could be refused for any of the following reasons:
- bad credit (County Court Judgments (CCJs) or defaults)
- poor repayment history
- IVAs or bankruptcy
- a low credit score (e.g. not at address for long, low earnings)
- a history of fraud (CIFAS flag)
- not being on the electoral roll
You may not even know why you keep getting refused for a UK bank account and only an examination of your credit file will reveal any bad credit history.
Even if your credit file is in good order your financial circumstances may mean that your resulting credit score is so low that you will still be refused a normal current bank account. Banks prefer customers with regular incomes that pay them into their bank accounts directly.
For people in this position, some banks are now able to provide more than just a savings bank account. These types
of genuine bank accounts are called basic bank accounts.
As you would expect, most basic bank accounts just provide the most basic of banking facilities
but generally more than savings
All basic bank accounts provide ATM cash cards and services such as standing orders and direct debits. An
example would be the HSBC
basic bank account. More and more of these bank accounts will even provide debit cards such as the Visa or Visa Electron types. One that we know of will also provide a cheque book.
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The only people they will generally refuse to open these basic UK bank accounts for are undischarged bankrupts (not always the case - see details of our bank account
for undischarged bankrupts) and those with any history of fraud.
You won't initially receive an overdraft facility with this type of bank account but with some banks these may be available after a period of responsible operation.
However, one bank we know of will even provide a cheque book immediately and another very lenient institution will normally upgrade their basic bank account to full current account status with cheque book
plus an overdraft facility and other benefits after just 6 months of responsible operation.
With most banking institutions this is simply out of the question if you have a bad credit history.
These basic type bank accounts, which are generally not actively advertised or publicised (because they are not that profitable. They can't lend to those who are a bad credit risk), are available to almost anyone even if there are CCJs, defaults or arrears against your name or even if you are not on the electoral register.
if you are interested in an offshore banking solution
then see our offshore
bank account page.
If you just require a debit card without any bank account then see our prepaid card page which lists such prepaid credit cards.
Visa Credit Card
This is one of the best Visa cards
to apply for if you have a history
of adverse credit. If accepted, the initial credit limit is only £150, although it can be increased in time through responsible operation of
the account. Although not
guaranteed it is a good unsecured alternative to a prepaid card.
Purchase annual interest rate 39.94% (variable).
Amount of credit £1000.
Representative 39.9% APR (variable)
"Hi there, I recently purchased your uk bank accounts, which I found great."
- P. Ashcroft, UK
Personal UK Bank Accounts with Debit Cards or Cheque Book
If you want a personal UK bank account with one of the UK high street banks that provide
bank accounts with a few more useful facilities than just a cash card or standing orders and direct debits then see the following bank account information.
Provided you do not have a history of fraud then you will be accepted for at least one of the following bank accounts.
1. Cheque book & ATM cash card personal UK bank account
2. Visa debit card personal UK bank accounts
3. UK bank account
for those in bankruptcy