BAD CREDIT BANK ACCOUNTS

Download to Excel Download to Excel

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.

Free Credit Report

Filter report by:
ALL    CURRENT    OFFSHORE    BUSINESS    STUDENT    BAD CREDIT

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.

Bad Credit Bank Account Information
PROVIDERACCOUNTAPPLICATION METHODSSET UP FEEMONTHLY FEEACCESSTERMSRESTRICTIONSSUITABLEAPPLY
Tuxedo Eccount Banking
Tuxedo Eccount Banking		Tuxedo Eccount BankingOnline£9.95£10Online, Branch, Post, TelYou must be over 18 years of age and be a UK resident.You must be over 18 years of age and be a UK resident.
No hidden fees or overdraft charges
Tuxedo Eccount Banking
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 >>		Features

Features

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

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


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. £10 per month
2. No hidden fees
3. No credit checks
4. No bank account needed
5. No hidden fees
6. Have your wages and any benefits paid in
7. Pay in cash at PayPoint or Post Office
8. Set up Standing Orders
9. Spend with an eccount banking prepaid MasterCard


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 BankingOnline£25£14.50Online, TelThink Banking need to verify your identity and address.You must be a UK resident aged 18 or overNo hidden fees or overdraft chargesThink 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 >>		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.


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.

Card One Banking
Card One Banking		Card One BankingOnline£12.50£12.50Online, Tel, TextYou must be at least 18 and have a residential address in the UK.You must be a UK resident. Minimum age 18 years oldIf you have bad credit.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 >>		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.


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 icountOnlineUp to £9.99Up to £9.99Online, telephone and SMSMust be 18 years of age or above and live in the UKMinimum age is 18 years oldOpen to all UK residents aged 18 and overClearCash
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 >>		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


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

Secure Trust Bank
Secure Trust Bank		Basic Bank AccountOnline£12.50£12.50OnlineYou will be required to undergo various checks to confirm your identity and residency. Maximum daily withdrawal £500If you have bad credit.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 >>		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.


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

News and ChartsNEWS / CHARTS

Fear Of UK Recession Eases As Service Sector Grows
03 February 2012 - Which Way to Pay
Niesr Report released today says that recession is inevitable but it's not all doom and gloom


Read More >>		To Payday Loan or Not To Payday Loan – That Is The Question
02 February 2012 - Which Way to Pay
With millions of Britons expcected to take out payday loans this year why are so many people turning to these high interest loans despite the bad press?
Read More >>		UK House Prices Fall But Manufacturing Rebounds
01 February 2012 - Which Way to Pay
According to data from Nationwide Building Society, UK house prices unfortunately fell for the second straight month in January but on a positive note the UK’s manufacturing sector enjoyed a better than expected start to 2012.
Read More >>