Top 3 Accounts For Bankrupts and people with bad credit in the UK
Filling for bankruptcy results in immediate seizure of your regular bank account! This makes it difficult for you to manage essential financial functions like getting salary and paying of bills! In such circumstances, some alternative arrangement becomes vital! Every effort should be made to avoid bankruptcy; however here are some alternative bank accounts for bad credit!
1) FFrees bank account
FFrees is a financial service provider that facilities online personnel accounts run day-to-day financial affairs. There are many other such services in market but FFrees comes with modest service charges. Most importantly they don’t reject applicants on basis of bankruptcy or poor credit history. There are many features which they provide along with generally monetary services, including
- Saving points
- Visa Debit Card
- Foreign exchange
- Mobile balance alerts.
- Intonation and European forex exchange
No matter, if you are still an undercharged bankrupt, you still can his a Bank’s current account with some great features in fact as Secure Trust Bank is offering a basic current account to anyone who meets the eligibility criteria and luckily at this bank, poor credit score don’t have to do anything with eligibility! Monthly management fee of 12.50 pounds applies on each account, some important features of their services are!
- Prepaid MasterCard debit card.
- Rapid process of opening an account.
- Bad credit history and bankruptcy accepted.
- Reward scheme with upto 4% cash rewards.
- No “fee” on direct debits and standing orders.
- Paying of bills by direct debit and standing orders.
3) Eccount Money’s Basic Bank Current Account
Eccount money is also a financial service provider that is offering a current account, equivalent to any Banks current account in terms of functionality. They have a stated policy of not taking poor credit history and even bankruptcy in consideration of an applicant, making it possible for anyone to get his account opened with them. The basic current account which they offer is capable of facilitating a customer for all his day to day financial transactions like, getting his wages transferred into his account, paying utilities bills and withdrawing cash through ATM’s. their model of operation is “fixed cost banking” with monthly charges of 12.50, following are attractive features they are offering,
- Debit management plan
- Online & Mobile Banking
- Minimum 3% of cash rewards
- Deposit cash though country wide network of 37000 post offices.
In addition to the above there are other basic bank accounts such as the cashplus account which are also well worth checking out.
We hope that this article has proved useful and helps you to choose the right bank account with bad credit.