Back to Blog
You should still be able to get a basic account even if a credit check shows that you have: If it does, it must tell you the conditions you must meet to be able to open one. The bank or building society must tell you whether it offers basic bank accounts. You can ask a bank or building society to open a basic bank account. If you're in this situation, you may be able to open a basic bank account. You may also have problems if you already have a current account which is overdrawn. If you have a poor credit rating or a low income, you may have problems in opening a standard current account or savings account. You can find out more about Help to Save on GOV.UK. If you’re getting tax credits or Universal Credit, you could be eligible to join the government’s Help to Save scheme and get back an extra 50p for every £1 you save. You can find out more about savings on the Money Helper website. You can use savings accounts to put away money that you'd like to save for the future, for emergencies or to buy expensive purchases like a new car or a holiday.Ī savings account will give you interest on your money. Ask your local post office if you can do this free from your current account. Some banks will let you cash a current account personal cheque or use your cash card at the Post Office, free of charge. You will be allowed to set up direct debits and standing orders. The bank may let you have an overdraft and access to other kinds of credit. You may also get a debit card which you can use in shops and cash machines. With a current account, you will get a cheque book which you can use to take money out. Some current accounts can also earn you interest on the money you have in the account, although this is likely to be less than many savings accounts. keeping track of where your money is going. receiving money - such as your salary or benefits.You can use a current account to help you manage your money day-to-day. Here we tell you about the main types of bank account, and what you can use them for. There are different types of bank account that you can use for different reasons. how to change your bank or building society.the terms and conditions for different types of accounts.the main types of bank accounts, and what they are used for.If you want to get a new bank account, there are some things you need to find out:
0 Comments
Read More
Leave a Reply. |