You can't help but have noticed the lengths that providers are currently going to in a bid to get people to switch their current accounts.
This is because current account customers are hugely valuable to banks and building societies, as when looking for a mortgage, a loan or some other financial product, our first and sometimes only port of call will be at the place where we carry out our day-to-day banking.
However, an all singing, all dancing account with bells on is not for everybody.
Perhaps you have a poor credit score or are reluctant to pay for your current account?
Or your circumstances might have changed, meaning you can no longer fulfil the requirements set out by your existing current account.
There are a number of reasons, but whatever yours are, it could pay to look for a basic bank account.
You'll have to dig around for one, asking your bank specifically what type of basic accounts they offer, as they are often not incredibly well publicised.
Do be prepared not to have the convenience of an overdraft facility, but, if you are using a basic bank account to get your finances in good order, you should view this as an opportunity to pay down your debts, rather than accruing more.
What you will be able to do is set up standing orders and direct debits, allowing bills to be paid with ease.
By setting up payments for loans, credit card bills and other outstanding balances, you will be able to slowly but surely rebuild your credit score.
Some basic bank accounts only offer a basic cash card, meaning you will not be able to pay with goods in store with them.
If this is something you are not prepared to give up, be sure that the account you sign up for comes with a debit card.
Moneyfacts.co.uk has put together a table that showcases a selection of the best basic bank accounts on the market.
Halifax Easy cash Account
Check our list of Best Buy basic bank accounts to find the best account for your situation.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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