What is a basic bank account?

A basic bank account is a good alternative if you've experienced difficulties with bad credit in the past. They allow you to pay in your wages, benefits, tax credits, state pension and give you a cash card to withdraw your money. Some also offer standing orders and direct debits. View today's best rates below or read our guide to basic bank accounts to learn more. 

Select from the filters to refine your results and find what you are looking for Show
Select from the filters to refine your results and find what you are looking for:

Virgin Money Logo
Virgin Money Essential Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.75%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Not Available Online Not Available By Mobile Text Alerts Not Available
Additional Information
Credit interest payable
Account can be opened only in branch
No minimum funding requirement
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £99999.99
0.75%
0.75%
£100000.00 - £100000.00
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
£0.00 / £0.00
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
£0.00 / £0.00
Transaction Charge
£1.50 / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 6 days 28 days
Get a debit card 0% 7 days 9 days
Get internet banking - - -
Get an overdraft - - -
Replace a lost debit card 0% 5 days 8 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
N/A

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Exclusive offers with this account
- Free access to Virgin Money Lounges where you get complimentary refreshments, use of Virgin iPads and newspapers.
Leisure or sporting attractions - preferential terms
- 20% off Virgin Experience Days.
Leisure or sporting attractions - preferential terms
- Save 30% on Virgin Balloon 7 Day Anytime Flight Plus Voucher and receive free Prosecco and Thornton's chocolates. T&Cs apply.
Preferential terms on selected holidays and/or travel
- 10% discount off cottages.com
Preferential terms on selected holidays and/or travel
- 5% discount off Virgin Cruises.
Preferential terms on selected holidays and/or travel
- 5% discount off Virgin Holidays.
Preferential terms on selected holidays and/or travel
- Up to 15% discount off BCP pre-booked airport parking.
Bank of Ireland UK Logo
Bank of Ireland UK Basic Cash Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Not Available
Additional Information
Direct debits, standing orders and cash card
Account can be opened only in branch
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 16 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
N/A
Transaction Charge
N/A
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.50 / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 61% 1 day 7 days
Get a debit card 0% 10 days 20 days
Get internet banking 0% 6 days 20 days
Get an overdraft 0% 3 days 4 days
Replace a lost debit card 0% 5 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Bank of Scotland Logo
Bank of Scotland Basic Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Manage via Smartphone App
No Credit Interest Paid
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.50 / £0.50
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£1.50 / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 98% 0 days 1 day
Get a debit card 0% 5 days 8 days
Get internet banking 49% 1 day 6 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Day
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
N/A

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card. Customers must be registered for Online Banking and hold a Bank of Scotland current account to be eligible.
Cashback on operating account
- Everyday Offers - Earn a one-off cashback amount when take out a Direct Debit subscription with participating retailers. Customers must be registered for Online Banking and hold a Bank of Scotland current account to be eligible.
Exclusive offers with this account
- Free entry into “It’s on Us”, for the chance to have any transaction up to £500 refunded, drawn per month.
Barclays Bank Logo
Barclays Bank Basic Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Manage via Smartphone App
No credit interest
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% Charges levied at time of transaction / 2.75% Charges levied at time of transaction
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% Charges levied at time of transaction / 2.75% Charges levied at time of transaction
Transaction Charge
£1.50 Charges levied at time of transaction (Fee waived if Barclays or Global Alliance ATM used) / £1.50 Charges levied at time of transaction (Fee waived if Barclays or Global Alliance ATM used)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 86% 0 days 8 days
Get a debit card 0% 4 days 7 days
Get internet banking 0% 5 days 28 days
Get an overdraft 18% 9 days 49 days
Replace a lost debit card 2% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Exclusive offers with this account
- Eligible for Barclays Cashback, earn cashback and discounts on goods, services and travel. Customers must use online or mobile banking to qualify.
Exclusive offers with this account
- Free personalised debit card. You can upload own pictures or choose from extensive online gallery.
Clydesdale Bank Logo
Clydesdale Bank Readycash FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Operate via web, phone or post
No credit interest
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 16 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£350

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
£0.00 / £0.00
Transaction Charge
2.75% (Min £1.50) / 2.75% (Min £1.50)
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
£0.00 / £0.00
Transaction Charge
3.75% (Min £1.50) / 3.75% (Min £1.50)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 85% 1 day 16 days
Get a debit card 0% 4 days 7 days
Get internet banking 100% 0 days 0 days
Get an overdraft 0% 6 days 15 days
Replace a lost debit card 0% 5 days 8 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
N/A

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Halifax Logo
Halifax Basic Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Manage via Smartphone App
No credit interest
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Account Sweeping
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.50 / £0.50
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£1.50 / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 96% 0 days 2 days
Get a debit card 0% 5 days 8 days
Get internet banking 22% 2 days 6 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Day
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
N/A

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card. Customers must be registered for Online Banking and hold a Halifax current account to be eligible.
Cashback on operating account
- Cashback Extras - Earn a one-off cashback amount when take out a Direct Debit subscription with participating retailers. Customers must be registered for Online Banking and hold a Halifax current account to be eligible.
HSBC Logo
HSBC Basic Bank Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Can be managed at Post Offices
No account benefits
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 16 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
2.00% (Min £1.75, max £5.00) / 2.00% (Min £1.75, max £5.00)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 65% 1 day 11 days
Get a debit card 0% 6 days 17 days
Get internet banking 46% 3 days 7 days
Get an overdraft 99% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
N/A

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Exclusive offers with this account
- Free 12 month Fan Membership with British Cycling (worth £24) giving retail discounts, priority tickets to cycling events and a newsletter. The Fan Membership fee will be deducted from the annual Race/Ride/Commute Membership fee when upgrading. Existing members of British Cycling can claim a free gift of equivalent value. Membership must be activated by 31.12.19.
Lloyds Bank Logo
Lloyds Bank Basic Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Manage via web and Smartphone App
No credit interest
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.50 / £0.50
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£1.50 / £1.50

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 96% 0 days 2 days
Get a debit card 0% 5 days 8 days
Get internet banking 30% 2 days 6 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Day
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
N/A

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card. Customers must be registered for Online Banking and hold a Lloyds Bank current account to be eligible.
Cashback on operating account
- Everyday Offers - Earn a one-off cashback amount when take out a Direct Debit subscription with participating retailers. Customers must be registered for Online Banking and hold a Lloyds Bank current account to be eligible.
Exclusive offers with this account
- Free entry into “It’s on Us”, for the chance to have any transaction up to £500 refunded, drawn per month.
Buildings Insurance - preferential terms
- 5% discount on new home insurance when purchased online or by telephone.
Contents Insurance - preferential terms
- 5% discount on new home insurance when purchased online or by telephone.
Metro Bank Logo
Metro Bank Cash Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Not Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Available from age 11
No Standing Order facility until age 16
Account can only be opened in branch
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 11 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
/
Transaction Charge
/
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% (Only via LINK ATMs) / 2.99% (Only via LINK ATMs)
Transaction Charge
£0.00 (Only via LINK ATMs) / £1.50 (Only via LINK ATMs)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 95% 0 days 5 days
Get a debit card 79% 1 day 7 days
Get internet banking 100% 0 days 0 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 96% 0 days 4 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Nationwide BS Logo
Nationwide BS FlexBasic FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Debit card, Direct debits, standing orders
No credit interest paid
Switch Service Guarantee member
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 12 days
Get internet banking 0% 9 days 15 days
Get an overdraft 0% 2 days 3 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
N/A

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution. Our data experts work tirelessly to make sure the rates and information we show are up to date and correct. Moneyfacts.co.uk Limited is an independent credit broker not a lender. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

Disclaimer

All overdrafts are subject to the applicant’s status. You may not be offered credit. All rates and fees are subject to change without notice. Please check all rates and terms before borrowing.

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Bank Accounts for Bad Credit

Derin Clark

Derin Clark

Online Reporter

At a glance

  • Basic bank accounts offer the basic features required of a current account.
  • Most provide a cash card and will allow standing orders and direct debits.
  • Ideal if you don’t want the temptation of an overdraft or have had difficulty opening other current accounts.

Basic bank accounts are, as the name suggests, a no-frills type of current account. They allow you to receive payments into your account (such as from your employer) and generally offer the following services:

  • A cash card (sometimes a debit card).
  • Standing orders.
  • Direct debits.

Unlike some other current accounts, basic bank accounts normally don't:

  • Charge a monthly fee, so offer free banking.
  • Allow you to go into overdraft.

Who are basic bank accounts good for?

As they are free and don't let you get into debt with an overdraft, basic bank accounts are suitable for:

  • Young people opening their first current account.
  • People who don't want the temptation of spending more than they earn.
  • People who have had debt problems in the past.

You're not immune to charges

Although you can't go into overdraft, this doesn't mean you’re immune from charges. You need to keep a watch over your spending to ensure that your direct debits and standing orders are covered, otherwise the payment will bounce and you may be charged a fee. 

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