BAD CREDIT BANK ACCOUNTS

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Please see a range of companies that offer bad credit bank accounts below. These bank accounts are suitable for people who have a bad credit history – there is no credit check when opening bad credit bank accounts. Most of these bank accounts for bad credit come with a prepaid credit card, so that you can use your money on the go as well as managing it via your online bad credit bank accounts.

Many bad credit bank accounts providers offer unique features such as an account manager assigned to your account (no more call centers) – check these out when you make your comparison. Some bad credit bank accounts carry a set-up fee and a monthly admin fee, these vary according to provider. Weigh these up with the penalty fees that your regular bank charges for areas such as unauthorised overdraft use.

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If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERACCOUNT

ACCOUNT

Account name

SET UP FEE

SET UP FEE

Account set up fee

MONTHLY FEE

MONTHLY FEE

Monthly account fee

APPLICATION METHODS

APPLICATION METHODS

Methods of applying for a new account

ACCESS

ACCESS

Methods of access to account

TERMS

TERMS

Terms and conditions of account

SUITABLE

SUITABLE

Who the account is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential customers

FEATURES

FEATURES

Bank account features

MORE INFO

Eccount Money Current Account
Eccount Money Current Account

Eccount Money Currency Account£9.95£10OnlineOnline, Branch, Post, TelTerms and Conditions

Terms

You must be over 18 years of age and be a UK resident.

Suitable For

Suitable For

No hidden fees or overdraft charges

Restrictions

Restrictions

You must be over 18 years of age and be a UK resident.

Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: Yes
Account Manager: No

The eccount is ideal if you:
1. Are an undischarged bankrupt
2. Have a debt management plan or IVA
3. Need help managing your money
4. Struggle to keep on top of your finances
5. Have a bad credit history
6. Have been turned away from the high street banks

Eccount Money Current Account
Open to everyone with no credit checks, no hidden fees or account overdraft charges and a fixed monthly fee. *Conditions apply. Acceptable proof of ID may be required. UK Residents, 18+ DETAIL INFORMATION >>Services

Services

Unlike some basic bank accounts, we don’t restrict you to use only one bank’s cash machines
1. Use anywhere you see the MasterCard® Acceptance Mark
2. FREE cash withdrawals at any cash machine*
3. Use at over 1.2 million cash machines worldwide


Advantages

Advantages

1. Customers are issued with a sort code and dedicated 8-digit account number.
2. Each customer is issued with a Prepaid VISA Card.
3. Optimised, simple and straight forward application process.
4. Improved online and mobile banking services.
5. Investment in a dedicated UK contact centre. All calls are handled in the UK.
6. Customers can pay in cash for free at any Post Office branch nationwide.
7. There is now no need for customers to visit or queue at any bank branches as paying in is available using the following methods: Bank Transfer, Post Office, PayPoint, Wages, Benefits, Cheques (by post).


Disadvantages

Disadvantages

1. On Application
-Card issue fee £9.95
-Additional card fee £4.95
2. Maximum card balance £3,000
3. Maximum monthly load £3,000
4. Maximum daily ATM withdrawal £250
5. Replacement Card fee £4.95
6. Monthly fee £10
7. Overseas purchases 2.75%
8. Overseas ATM* 2.75% 
9. £2 Investigation fee
10. £20 Closure Cancellation or redemption £10

Think Banking
Think Banking

Think Banking£25£14.50OnlineOnline, TelTerms and Conditions

Terms

Think Banking need to verify your identity and address.

Suitable For

Suitable For

No hidden fees or overdraft charges

Restrictions

Restrictions

You must be a UK resident aged 18 or over

Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: No
Account Manager: No

Your monthly fee entitles you to all the benefits you'd expect from a first-rate bank account, such as Direct Debit and standing order facilities, free text updates, free online banking and a thinkbanking Debit MasterCard® you can use to withdraw cash, make purchases and get cashback.

Think Banking
A new kind of bank account, specially designed to keep you in the black. No hidden charges. No missed payments. Just real budgeting experts making sure your bills are paid on time. Fees payable. DETAIL INFORMATION >>Services

Services

Peace of mind - knowing that all your financial commitments you've told them about are being looked after


Advantages

Advantages

1. Real people looking after your money for you
2. No charges for overdrafts or missed payments
3. Peace of mind, with us managing your bills
4. No hidden fees
5. A personalised service everytime


Disadvantages

Disadvantages

1. There is a monthly fee
2. There may be a 2% charge of the transaction amount (including cash withdrawals) when using your card in certain countries.

Ffrees Family Account
Ffrees Family Account

Family Account£0.00£0.00OnlineOnlineTerms and Conditions

Terms

You must be over the age of 18 years old and a resident of the UK

Suitable For

Suitable For

People with bad credit and

Restrictions

Restrictions

Unfortunately the Ffrees Account doesn't have a direct debit facility at the minute.

Features

Features

Free Banking: Yes
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: No
Overdraft Facility: No
Account Manager: No

No frills - joining fee and no monthly fee

Ffrees Family Account
There’s a Ffrees Account for everyone - well we are all different, aren’t we? That’s why their range of current accounts gives you a bigger, better choice to suit your needs. The Ffrees Family Account is a pay as you go current account. It’s completely free to have open, so all you pay for is any individual service fees as and when you use them. No credit checks will be undertaken when you take out this bank account. DETAIL INFORMATION >>Services

Services

You can’t overdraw your account. No running up debts from overspending.


Advantages

Advantages

1. Free to apply with no monthly fee
2. Official Prepaid 365 Best Rewards and Incentives Card 2014
3. 25% more cashback than our Family card
4. No Overdraft, so no debt
5. No Credit Checks. Guaranteed acceptance
6. Helpful UK based customer service
7. Upgrade for up to 40% extra cashback
8. Free Money Management tools and online jam-jars. Never miss another bill.
9. Easy savings tools


Disadvantages

Disadvantages

1. There is no standard monthly fee but a £2 per month dormancy charge will apply if your account has not been used for 60 days.

Card One Banking
Card One Banking

Card One Banking£12.50£12.50OnlineOnline, Tel, TextTerms and Conditions

Terms

You must be at least 18 and have a residential address in the UK.

Suitable For

Suitable For

If you have bad credit.

Restrictions

Restrictions

You must be a UK resident. Minimum age 18 years old

Features

Features

Free Banking: No
Debit Card: No
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: No
Account Manager: Yes

Your salary and other income can be paid into your billing account. Your Account Manager will set aside the money needed in this account for your regular bills and payments.

Card One Banking
Card One Banking provides you a hassle free managed banking facility and aim to help you ensure all your regular bills are taken care of. If you open your account today there is no account opening fee and for just £12.50 per month you will get a fully managed bank account that allows you to manage your finances easily. DETAIL INFORMATION >>Services

Services

Manage your account securely online, by phone and by text


Advantages

Advantages

1. Quick and easy to apply with no credit checks
2. A bank account with guaranteed acceptance that's open to everyone.
3. One-to-one Account Manager and secure Internet banking.
4. No hidden bank charges and you won't incur any overdraft fees.
5. You get your own Prepaid MasterCard card so you can control your spending.


Disadvantages

Disadvantages

1. Minimum amount of initial load £10.00
2. 2.75% of the transaction value per purchase transaction outside the UK (maximum £2.50) 3. £1.00 for ATM withdrawals within the UK
4. £3.00 plus 2.75% of the transaction value for ATM withdrawals outside the UK
5. £3.50 for a cash advance within the UK
6. £5.00 for a cash advance outside the UK
7. 15p per balance enquiry by SMS
8. Maximum single load £1,250

ClearCash
ClearCash

ClearCash icount£9.95£9.95OnlineOnline, telephone and SMSTerms and Conditions

Terms

Must be 18 years of age or above and live in the UK

Suitable For

Suitable For

Open to all UK residents aged 18 and over

Restrictions

Restrictions

Minimum age is 18 years old

Features

Features

Free Banking: No
Debit Card: No
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: No
Overdraft Facility: No
Account Manager: No

Prepaid MasterCard with personalised icount available on Pay Monthly and PAYG tariffs , Easy application process – takes less than 3 minutes, Full online bill payment facility, Standing orders and bank transfers available, Top up via Salary/benefits, BACS, PayPoint, Post Office & Cheque, Purchase Protection, Price Protection and Extended Warranty package – one of the only prepaids to offer this (on Pay Monthly), Everyone qualifies as long as over 18, Poor credit history, Bankrupt, IVA, DMP, CCJ – no problem, Not overdraft or late payment fees, Access to the “BudgetMaster” – our unique tool to help track your financial movements, Access to www.clearcashback.co.uk – discount shopping site online to save those extra pounds, Balance enquiry available via SMS for free, Email reminders when insufficient funds in icount to cover an upcoming standing order, Unique FAQ page – whole new website dedicated to FAQ’s – also has blogs and client reviews , Most transparent of providers – no hidden agendas , Numerous avenues to contact – telephone, email, post and also Livechat through our website

ClearCash
The ClearCash Prepaid MasterCard and “icount” is a great alternative to a bank account, providing you with the ability to have your salary or benefits paid into what is known as the ClearCash icount with no overdraft facility and no late fees. It includes the revolutionary BudgetMaster tool, Standing order and bill payment facilities, the ability to check your balance online or by text, 24 hours a day, use worldwide, top up your icount by bank transfer, PayPoint, Post Office & Cheque, support via email, customer services phone line and online livechat facility, free purchase protection for pay monthly cardholders on purchases made up to £1,500 DETAIL INFORMATION >>Services

Services

Manage your ClearCash icount online, by phone, livechat and SMS message


Advantages

Advantages

1. No credit check performed
2. Guaranteed acceptance
3. Instant approval
4. Cashback facility with retailers
5. Purchase protection (with Pay Monthly)
6. Online Banking
7. Mobile Banking
8. Standing Order and bill payment facility
9. Cheque Cashing service
10.SMS Balance facility
11.Very low on-going fees


Disadvantages

Disadvantages

1. Minimum amount of initial load £10.00
2. 2.75% of the transaction value per purchase transaction outside the UK
3. ATM Withdrawal ranges from £0.50 to £0.75 depending on tariff
4. Maximum balance allowed £5,000

Ffrees Plus Account
Ffrees Plus Account

Plus Account£0.00£2.50OnlineOnlineTerms and Conditions

Terms

You must be aged 18 or over and be living at a UK postal address to open a Ffrees Account. They may require proof of ID to process your application.

Suitable For

Suitable For

People with bad credit history

Restrictions

Restrictions

You must be aged 18 or over and be living at a UK postal address.

Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: No
Overdraft Facility: No
Account Manager: No

You can’t overdraw your account. No running up debts from overspending.

Ffrees Plus Account
The Ffrees Plus Account is a great choice for regular users who know they’ll use more account features, but want lower fees to do so. You pay £2.50 a month and get reduced service fees as well as 12% Extra Ffrees Cashback DETAIL INFORMATION >>Services

Services

12% Extra Rewards


Advantages

Advantages

1. Free to apply with only a small monthly fee
2. Official Prepaid 365 Best Rewards and Incentives Card 2014
3. 25% more cashback than our Family card
4. No Overdraft, so no debt
5. No Credit Checks. Guaranteed acceptance
6. Helpful UK based customer service
7. Upgrade for up to 40% extra cashback
8. Free Money Management tools and online jam-jars. Never miss another bill.
9. Easy savings tools


Disadvantages

Disadvantages

1. £0.50 UK ATM withdrawal fee is expensive.

Secure Trust Bank
Secure Trust Bank

Basic Bank Account£12.50£12.50OnlineOnlineTerms and Conditions

Terms

You will be required to undergo various checks to confirm your identity and residency.

Suitable For

Suitable For

If you have bad credit.

Restrictions

Restrictions

Maximum daily withdrawal £500

Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: No
Account Manager: No

No Credit Checks Necessary.

Secure Trust Bank
Apply online for the Secure Trust Basic Bank Account and never go overdrawn again! As well as a current account for your direct debit payments you get a prepaid card to help you budget. There are no hidden charges with this bank account and you are not required to undergo credit checks when you apply. DETAIL INFORMATION >>Services

Services

Automated transfers from your account to your prepaid card


Advantages

Advantages

1. No credit checks necessary
2. Never go overdrawn again.
3. No charge for bounced direct debits.
4. Flat fees - no hidden charges.
5. Automated transfers from your account to your prepaid card.
6. Chip and PIN MasterCard prepaid card.
7. Accepted at over 28.5 million outlets.
8. Hassle free transfer of standing orders and direct debits.
9. Pay cash into your account at payzone outlets.
10. Member of the Financial Services Compensation Scheme.


Disadvantages

Disadvantages

1. There is a monthly management fee of £12.50

Ffrees Premium Account
Ffrees Premium Account

Premium Account£0.00£5.00OnlineOnline, Tel, PostTerms and Conditions

Terms

You must be aged 18 or over and be living at a UK postal address to open a Ffrees Account. They may require proof of ID to process your application.

Suitable For

Suitable For

People with bad credit or no credit history

Restrictions

Restrictions

Unfortunately the Ffrees Account doesn't have a direct debit facility at the minute.

Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: No
Overdraft Facility: No
Account Manager: No

You can’t overdraw your account. No running up debts from overspending.

Ffrees Premium Account
The Ffrees Premium Account is perfect for smart shoppers who want to earn more Ffrees Cashback, with lower transaction fees than the Plus Account. It costs just £5.00 a month, and you can earn an extra 25% Ffrees Cashback DETAIL INFORMATION >>Services

Services

It costs just £5.00 a month, and you can earn an extra 25% Ffrees Cashback


Advantages

Advantages

1. Free to apply with only a small monthly fee
2. Official Prepaid 365 Best Rewards and Incentives Card 2014
3. 25% more cashback than our Family card
4. No Overdraft, so no debt
5. No Credit Checks. Guaranteed acceptance
6. Helpful UK based customer service
7. Upgrade for up to 40% extra cashback
8. Free Money Management tools and online jam-jars. Never miss another bill.
9. Easy savings tools


Disadvantages

Disadvantages

1. £0.25 UK ATM withdrawal fee is expensive

Ffrees Diamond Account
Ffrees Diamond Account

Diamond Account£0.00£10.00OnlineOnline, Tel, PostTerms and Conditions

Terms

You must be over the age of 18 years old and a resident of the UK

Suitable For

Suitable For

People with bad credit or no credit history

Restrictions

Restrictions

Unfortunately the Ffrees Account doesn't have a direct debit facility at the minute.

Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: No
Overdraft Facility: No
Account Manager: No

Receive digital Jam Jars, so it’s easier to manage your money and pay your bills.

Ffrees Diamond Account
The Ffrees Diamond Account is for serious savers who want to earn the most Cashback, enjoy the most benefits, and really get the most out of their Ffrees Account, with the lowest fees possible. It costs £10.00 per month, but you get a whopping 40% extra Ffrees Cashback and free ATM withdrawals. DETAIL INFORMATION >>Services

Services

You can’t overdraw your account. No running up debts from overspending.


Advantages

Advantages

1. Free to apply
2. Official Prepaid 365 Best Rewards and Incentives Card 2014
3. 25% more cashback than our Family card
4. No Overdraft, so no debt
5. No Credit Checks. Guaranteed acceptance
6. Helpful UK based customer service
7. Upgrade for up to 40% extra cashback
8. Free Money Management tools and online jam-jars. Never miss another bill.
9. Easy savings tools


Disadvantages

Disadvantages

1. Watch out for the fair usage policy of 8 ATM withdrawals per billing cycle applies. £0.25 thereafter.

2. Some may think a £10 service charge is steep.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare Bad Credit Bank Accounts

Whatever your financial history use a bad credit bank account for all your everyday banking needs.

What is a Bad Credit Bank Account?

A bad credit bank account is an online money account with some of the features of a current account. These accounts allow you to manage your every day money.

Bad credit bank accounts are open to everyone no matter what their financial history. If you have struggled to obtain a standard bank account because of poor credit, CCJs, defaults, are self employed or have an irregular income these accounts are suited to you.

How do they Work?

You simply open an account via a quick online form or by calling the provider directly. With a bad credit bank account you can use it to receive your salary, set up Direct Debits, Set up Standing Orders, Make payments and Make transfers. You can also use it to check your balance and for a complete overview of your finances.

What are the disadvantages?

There are usually no penalty fees with these accounts but you need to make sure you check this in advance.

Most bad credit account providers do not an overdraft facility which is one of the reasons why their service is open to people of all financial backgrounds, as an overdraft is a borrowing facility. This does mean that your debt risk is greatly lowered!

Finding the right account

Take the time to compare the market. You can use the table above to help you find the account that best works for you and your finances. Always make sure you read the terms and conditions fully before applying.

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