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With the roll out of Universal Credit, more and more people across the country are needing to open bank accounts in order to receive their payments. 

Sadly, over a million people in the UK are rejected from mainstream bank accounts! Yet as long as you can prove your identity, you should be able to get a Basic Bank Account – they don't credit-check, so, in theory, anyone can get one. 

You can do most of the same things with a Basic Bank Account that you can with a normal bank account;

•    Set up standing orders.
•    Set up direct debits.
•    Pay from the account using a debit card.
•    Withdraw cash from ATMs.

The main difference is that you won't be able to get an overdraft and they'll be no charges. To set one up pop into a branch, as you'll need to show ID but you can also apply online. 

Here's a few of the banks providing basic bank accounts;

Bank Features Link for more info
HSBC
  • Withdraw up to £300 a day
  • Set up payments by Direct Debit and standing order
  • Visa debit card
https://www.hsbc.co.uk/1/2/current-accounts/basic-bank-account
Halifax
  • Visa debit card
  • 24 hour access to Online Banking, Mobile Banking plus Telephone Banking
  • Mobile text alerts to receive balance
https://www.halifax.co.uk/bankaccounts/current-accounts/basic-account/
The Co-operative Bank
 
  • Available as a joint account.

  • No overdraft facility, cheque book or monthly charge.

http://www.co-operativebank.co.uk/currentaccounts/cashminder

The money saving expert has lots of info on basic bank accounts. The guide they have on their website is really good too; www.moneysavingexpert.com/banking/basic-bank-accounts

If you'd like more information you can always get in touch with one of our Tenancy Sustainment Advisor, they're here to help. 

Call our team if you need a hand;
Mon/Fri 8/6
0300 777 4321