Make things easier...
With the roll out of Universal Credit, more and more people across the country are needing to open bank accounts in order to receive their payments.
Sadly, over a million people in the UK are rejected from mainstream bank accounts! Yet as long as you can prove your identity, you should be able to get a Basic Bank Account – they don't credit-check, so, in theory, anyone can get one.
You can do most of the same things with a Basic Bank Account that you can with a normal bank account;
• Set up standing orders.
• Set up direct debits.
• Pay from the account using a debit card.
• Withdraw cash from ATMs.
The main difference is that you won't be able to get an overdraft and they'll be no charges. To set one up pop into a branch, as you'll need to show ID but you can also apply online.
Here's a few of the banks providing basic bank accounts;
|Bank||Features||Link for more info|
The Co-operative Bank
The money saving expert has lots of info on basic bank accounts. The guide they have on their website is really good too; www.moneysavingexpert.com/banking/basic-bank-accounts
If you'd like more information you can always get in touch with one of our Tenancy Sustainment Advisor, they're here to help.