Basic Uk Bank Accounts and their benefits.

What are the benefits of having a basic UK bank account?

Even though you may have not wanted a bank account at this point in your life for whatever reason, a basic bank account may be something that you may be interested in once you understand what they offer.

All the basic features and functions are available with a basic bank account such as allowing you to have your wages, state benefits, pension and tax credits paid directly into your account. Although cheques can take a little while longer to clear, it will cost you nothing to pay them into a basic bank account so you may have to wait at least a few days for the money to be available in your account. You will also have the facility to withdraw cash machines by using a prepaid card – different banks will apply different restrictions and charges so you should check with your bank.

Because a wide variety of companies offer discounts if you pay your bills by direct debit, you can save money on things like and electricity by paying for them through your basic bank account. Some banks will even offer a facility to allow you to pay your bills by standing order.

How do I start an account? How much money will I need to start the account?

Although most banks don't expect any minimum deposit to open a basic account, some will ask you to deposit a nominal amount like one pound to get you started. In addition, they do not have any expectation of how much or how little you should pay into the account.

Will I have to pay for any of the basic bank account facilities?

As well as not being charged for opening a basic bank account, most banks will not charge you for making withdrawals from cash machines. You will have all the banks terms explained when you open the account but you should perhaps check anyway. Some cash machines, that are not generally owned by a bank or building society, may charge you to make withdrawals. If you do use one of these that charge, you should get an onscreen warning that informs you of the charge and give you the option to change your mind or continue with the transaction. Most of the banks will charge for certain services however. If they have to refuse, set up, cancel or alter direct debits or standing orders, they will often make a charge. Check whether the bank that you want to use charges for these services. 

Can the banks refuse me a basic bank account?

Even though a bank may carry out a credit check on you to see if you have any entries for outstanding county court judgments or bankruptcy before offering an account, basic bank accounts should be available to almost everybody. Even though you may have such entries when they do a credit check, you may still be able to open a basic bank account. Even if you have been refused loans in the past, we can help you start to clear debt problems today!

Have the UK high street banks refused you a bank account?

Because of strong working relationship Lewis Alexander is proud to have with the six main UK high street banks, we are able to pass on the benefits of our well built reputation onto our clients whose circumstances allow them eligibility for a basic UK current account with no lending facility.

We arrange for all the documents to be sent and you just wait for the post!

Click here for further unbiased yet independent information about basic bank accounts.

If you wish to find out whether you are eligible for a basic UK bank account, call our free bank account application helpline now.  Get some free debt help at the same time!  If you are currently involved in an IVA agreement we may still be able to help you.

Call free in confidence on 0800 018 6868 now!

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Either call our free debt helpline or submit your details online and one of our trained debt advisors will call you back at when it suits you.

This is a free, no obligation, confidential service and no sales person will call.