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What are guaranteed bank accounts?

Guaranteed bank accounts do not require a credit check to open. This makes them ideal for people with a poor credit rating, or those who haven't been in the UK long enough to develop a credit history. One of the reasons these accounts are able to forgo a credit check is because they generally do not offer overdraft facilities. 

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

Cashplus Logo
Cashplus Activeplus FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£5.95 pm
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No debit card transaction fees payable
£5.95 monthly account fee
£10 cancellation fee on account closure
Go To Provider's Site
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
£5.95 Per Month
Introductory Account Fee
None

Facilities

Direct Debits
Restrictions on Free Transactions
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£10.00 - £5000.00
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
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£3.00 / £3.00

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
Cashplus Logo
Cashplus Deluxe FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£9.95 pm
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Free UK ATM withdrawals and no debit card transaction fees payable
£9.95 monthly account fee
£10 cancellation fee on account closure
Go To Provider's Site
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
£9.95 Per Month
Introductory Account Fee
None

Facilities

Direct Debits
Restrictions on Free Transactions
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£10.00 - £5000.00
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
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£3.00 / £3.00

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
Cashplus Logo
Cashplus Flexiplus FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No monthly account fee
Debit card transaction fees payable
£10 cancellation fee on account closure
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
Restrictions on Free Transactions
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£10.00 - £5000.00
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
£0.99 / £0.99
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£3.00 / £3.00

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
Fidor Bank Logo
Fidor Bank Smart Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.30%
Account Fee
N/A
Account Management
Not Available At Branch Not Available By Mail Not Available At Post Office Not Available By Telephone Available Online Not Available By Mobile Text Alerts Available
Additional Information
Credit interest payable
No arranged overdraft available
Access to Fidor Smart Community
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

Debit Card
Mastercard
Withdrawal Limit
£1000

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.30%
0.30%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
1.50% / 1.50%
Transaction Charge
/
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
/
Transaction Charge
£0.00 (Max 3 per charging period). £1.00 (Min 4 per charging period) / £0.00 (Max 3 per charging period). £1.00 (Min 4 per charging period)

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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
- Access to Fidor Smart Community.
Savings - preferential terms
- Savings Bonds available directly through Smart Current Account.
icount Money Limited Logo
icount Money Limited icount Current Account - Pay As You Go FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Not Available By Mobile Text Alerts Available
Additional Information
£250 arranged overdraft available
Debit card transaction fees payable
£10 redemption fee on current account closure
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £0.00 per day.
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
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £5000.00
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
2.50% / 2.50%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£1.50 / £1.50

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
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.
Card protection insurance
- Free purchase protection covering purchases made online, by telephone or in store. Covers purchase of goods from a company which goes into receivership or administration, a faulty or damaged purchase, goods not arriving and the purchase does not match what was ordered.
U Logo
U U Account - £0 Monthly Price Point FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Not Available At Branch Not Available By Mail Not Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Not Available
Additional Information
Earn cashback as U points
£1.00 monthly dormancy fee after 60 days of inactivity
Mobile app and budgeting tools available
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 Pooling
Direct Debits
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
3.00% / 3.00%
Transaction Charge
£1.00 / £1.00

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
Cashback on debit card purchases
- Earn cashback as U points
Pockit Logo
Pockit Basic Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£0.99 pm
Account Management
Not Available At Branch Not Available By Mail Not Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Eligible for cashback offers with selected retailers.
No arranged overdraft available
Standard account fee payable
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
£0.99 Per Month
Introductory Account Fee
None

Facilities

Debit Card
Mastercard
Withdrawal Limit
£250

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
4.00% / 4.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
/
Transaction Charge
£2.25 / £2.25

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
Cashback on debit card purchases
- Eligible for up to 10% cashback with selected retailers.
Change Account Limited Logo
Change Account Limited The Change Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£4.25 pm
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Earn up to 20% cashback on purchases at participating retailers
No arranged overdraft available
Can be operated via mobile app
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
£4.25 Per Month
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Tied/Linked Accounts
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £7500.00
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

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
Cashback on operating account
- Eligible to receive up to 20% cashback on purchases at participating retailers.
Quidity Logo
Quidity Quidity Plus FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£4.95 on app then £4.95 pm. £4.95 pm
Account Management
Not Available At Branch Not Available By Mail Not Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Not Available
Additional Information
Can be operated via mobile app
No arranged overdraft available
£7 redemption fee on current account closure
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 13 Years
Eligibility
None
Account Fee
£4.95 Per Month. Fee waived for the first 1 months. £4.95 Per Month (Additional cardholder)
Introductory Account Fee
£4.95 On Application

Facilities

Direct Debits
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£100

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
2.65%. 0.55% / 2.65%. 0.55%
Transaction Charge
0.55% / 0.55%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.65% / 2.65%
Transaction Charge
/

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
U Logo
U U Account - £5 Monthly Price Point FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£5.00 pm
Account Management
Not Available At Branch Not Available By Mail Not Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Not Available
Additional Information
Earn cashback as U points
£5 monthly fee
Mobile app and budgeting tools available
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
£5.00 Per Month
Introductory Account Fee
None

Facilities

Account Pooling
Direct Debits
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
3.00% / 3.00%
Transaction Charge
£0.50 / £0.50

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred 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.
Cashback on debit card purchases
- Earn cashback as U points
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Guaranteed Bank Accounts - No Credit Checks

Derin Clark

Derin Clark

Online Reporter

At a glance

  • Can be opened without a credit check, meaning you’re guaranteed to be accepted regardless of credit status.
  • Usually offer a debit card, but no overdraft. Some do not allow direct debits and standing orders.
  • Most will likely charge a monthly fee.
  • Ideal if you don’t want to risk your credit score being damaged further.

Guaranteed bank accounts explained

While some guaranteed bank accounts may allow an arranged overdraft (so you will be able to go slightly into the red if you warn your bank first), they will not offer an unarranged overdraft, making it much harder, if not impossible, for you to accumulate unaffordable debt with this kind of account.

Other common restrictions on these accounts include the absence of a cheque book and a tendency to be based solely online. While most will come with a debit card of some sort, there might be more restrictions on withdrawals (and remember that you will almost always be charged for using your card abroad). It's important to consider your options carefully, especially as some guaranteed bank accounts may not even allow direct debits and standing orders.

Because they are designed for people who are somewhat limited in their choice of bank account, these accounts may not be as enticing as others. Although some of the best guaranteed bank accounts may offer cashback and other benefits, most will likely charge monthly fees.

To open a bank account with no credit check, you will still need to fill in some personal details and prove that you live at a valid UK address. You will also usually need to be at least 18 years old.

Moneyfacts tip

Moneyfacts tip Derin Clark

While some of these accounts may also be used as a business bank account, remember that you will have little or no overdraft to call on. It may therefore be better to improve your credit rating and then apply for a business current account that comes with fewer fees and more benefits.

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