Are you finding it difficult to open a bank account?
Here some bank accounts that you can open easily in minutes.
1. Cashplus
Cashplus is an online bank account which provides personal and business banking. You can open an account in minutes and it’s hassle-free.
Fees
Monthly fee – £5.95
Card issue fee – £5.95
Features and benefits
* They have a banking app and access to online banking
* Contactless debit card
* You can deposit money in any Post Office
Get more information, here: Cashplus Bank.
2. Card One Money
Get started with a Card One Money account quickly and get yourself a bank account.
Fees
Monthly fee – £12.50
Features and benefits
* They do not carry out any credit check and there is no account opening fee
* Your sort code and account number is delivered by text, usually, within minutes
* You are able to pay standing orders
Get more information, here: Card One Money.
3. Pockit
Fees
Membership fee – £1.99 per month
Features and benefits
* Open an account in 3 minutes, either online or on an app
* You can get an account with any credit history
* Get cash back from high street retailers
Get more information, here: Pockit Bank.
4. Suits Me
Fees
* Monthly fee – £4.97
Features and benefits
* Open your account online or in an app
* No credit check
* Get exclusive cash back rewards and deals from partners
Get more information, here: Suits Me Bank.
5. Revolut
Features and benefits
* No credit checks
* No for proof of address
* You can open a free account in minutes
Get more information, here: Revolute Account.
Bad credit history
If you have a bad credit history and you are finding it difficult to open a bank account, you could easily and quickly open a Cashplus, Card One Bank, Pockit or a Suits Me account and starting banking.
Basic bank accounts
Banks are required to provide a basic bank account to everybody as a requirement that is suggested by the government.
Banks will not advertise this, so you will have to ask them for a basic bank account.
A basic account is a free account. It will enable you to do your regular banking such as shopping in stores and online, pay bills, have your wages paid into and set up direct debits. You can only spend the money you have in your account. You will not get any overdraft facility.
Barclays Basic Account
Nationwide Basic Account
Halifax Basic Account
HSBC Basic Account
Build up your credit score
Having a basic bank account or any of the accounts we have featured will enable you to build up your credit score. If you do that then you could then be able to open a regular account with a bank or building society.
In order to build up your credit score you must ensure to make any payments on time and not go into arrears.
you need support with this, then you can get help and advice from your local Citizens Advice or from the National Debtline.
Additional information
If you would like to know how to improve your credit score, go to: Money Helper.
If you would like free advice on debt, go to: Citizens Advice.
If you are interested in a loan, check out: Loan.co.uk.
If you would like more information about bank regulations, go to: Financial Conduct Authority (FCA).