Basic bank accounts

Compare basic bank accounts

Struggling to get a current account? Don’t worry, even if you’ve got a poor credit score you can still get a debit card and pay bills by direct debit. A basic current account could be the answer. Apply now…

Current accounts for those with bad credit - Ordered by monthly fee - lowest to highest

 

Cashplus Cashplus

Freedom Current Account

Monthly fee

annual fee No monthly fee

Product Type

Account

Customer service rating

Currently unrated

Operate by
  • Online
  • Phone
  • In Branch
  • Post Office
  • SMS
  • Mobile App
  • Online Banking
  • Mobile App
  • Overdraft Facility
  • Direct Debits
Great for:
  • FREE UK ATM Withdrawals, FREE Purchases, NO Monthly Fee
  • iDraft up to £250 and £1000 Direct Debit cover available – subject to approval. The first £5 of the iDraft is free
  • Instant online approval. No credit check to apply
But be aware that:
  • One-off £5.95 card issue fee
Exclusive

MoneySuperMarket customers will receive £10 FREE upon first load of £50. You can't get this offer on any other comparison site

iCount iCount

iCount Current Account - Pay As You Go Tariff

Monthly fee

annual fee No monthly fee

Product Type

Account

Customer service rating

Currently unrated

Operate by
  • Online
  • Phone
  • In Branch
  • Post
  • Post Office
  • SMS
  • Mobile App
  • Online Banking
  • Overdraft Facility
  • Direct Debits
  • Standing Orders
Great for:
  • Earn cashback at participating retailers when you spend on your icount MasterCard
  • No credit checks when you apply for this account
  • i-draft up to £250 and £1,000 Direct Debit cover available - subject to approval
But be aware that:
  • You'll have to pay a 75p charge for withdrawing money from an ATM
  • If you don't use your account for 120 days you'll have to pay a dormancy fee
  • Issue fee of £4.95
Cashplus Cashplus

Deluxe Current Account

Monthly fee

annual fee No monthly fee

Product Type

Account

Customer service rating

Currently unrated

Operate by
  • Online
  • Phone
  • In Branch
  • Post Office
  • SMS
  • Mobile App
  • Online Banking
  • Mobile App
  • Direct Debits
  • Overdraft Facility
Great for:
  • Get an overdraft of up to £250, subject to status
  • Get direct debit cover of up to £1,000, subject to status
  • Add Creditbuilder to your account, to help improve your credit score, for no extra cost
But be aware that:
  • You must be at least 18 years old to open this account
  • You'll have to pay a £9.95 monthly fee
  • You'll have to pay a one-off card issue fee of £5.95
iCount iCount

iCount Current Account - Pay Monthly Tariff

Monthly fee

annual fee No monthly fee

Product Type

Account

Customer service rating

Currently unrated

Operate by
  • Online
  • Phone
  • In Branch
  • Post
  • Post Office
  • SMS
  • Mobile App
  • Online Banking
  • Overdraft Facility
  • Standing Orders
  • Mobile App
Great for:
  • Earn cashback at participating retailers when you spend on your icount MasterCard
  • No credit checks when you apply for this account
  • i-draft up to £250 and £1,000 Direct Debit cover available - subject to approval
But be aware that:
  • You'll have to pay a £9.95 monthly fee and one-off £4.95 issue fee
  • You'll have to pay a 50p charge for withdrawing money from an ATM
  • If you don't use your account for 120 days you'll have to pay a dormancy fee
Cardone Banking Cardone Banking

CardOneBanking managed Account

Monthly fee

annual fee No monthly fee

Product Type

Account

Customer service rating

Currently unrated

Operate by
  • Online
  • Phone
  • In Branch
  • Post Office
  • SMS
  • Mobile App
  • Cashback
  • Online Banking
  • Standing Orders
  • Text Alerts
Great for:
  • You're guaranteed to be accepted for this account
But be aware that:
  • You must be at least 18 years old to open this account
  • You'll have to pay a £1.50 charge for withdrawing money from an ATM
  • After the first 12 months, you'll have to pay a £12.50 monthly fee
Exclusive

Receive £10 cashback, no set up fee & no monthly fee for 12 months

Monthly fee

annual fee No monthly fee

Product Type

Account

Customer service rating

Currently unrated

Operate by
  • Online
  • Phone
  • Post
  • Post Office
  • SMS
  • Mobile App
  • Online Banking
  • Mobile App
  • Standing Orders
  • Text Alerts
Great for:
  • Earn up to 12% cashback at participating retailers when you spend on your VISA card
  • You're guaranteed to be accepted for this account, subject to ID checks
But be aware that:
  • You'll have to pay a £12.50 monthly fee
  • You'll have to pay a 50p charge for withdrawing money from an ATM
  • You must be at least 18 years old to open this account

Monthly fee

annual fee No monthly fee

Product Type

Account

Customer service rating

Great (40%) Ok (20%) Poor (40%)

Customer service ratings provided by users of

Operate by
  • Online
  • Phone
  • Post
  • SMS
  • Mobile App
  • Post Office
  • Online Banking
  • Standing Orders
  • Direct Debits
  • Switching Service
Great for:
  • No credit checks when you apply for this account
  • Get help with budgeting from a Money Manager every month
But be aware that:
  • You must be at least 18 years old to open this account
  • You'll have to pay a £17.50 monthly fee, or £24.50 if it's a joint account

 

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Current accounts. Trust us to explain them simply

Guides

  

Basic bank accounts

What is a basic bank account?

In 2003, the government introduced basic bank accounts as a way of guaranteeing everyone could fulfil their banking needs, like paying bills or receiving their salaries.

As the name suggests, they are a fairly limited products designed to offer the basic functionality and benefits you would expect from a standard current account.

Who do basic bank accounts suit?

Basic bank accounts are available to anyone – you do not have to be on the electoral role to qualify. They suit people who cannot qualify for a standard account, perhaps because they have been bankrupt and have a bad credit score. 

They are also a good starter account for anyone who has never used a current account to pay their bills before and doesn’t want the temptation of an overdraft, or who perhaps has only recently moved to the country.

Basic bank account benefits

People who can’t open a standard current account will find they can gain most of the same benefits if they apply for a basic bank account.

A basic bank account enables you to pay bills by direct debit. Paying by direct debit not only ensures your bills are paid on time, but it can also sometimes mean you qualify for a better financial deal. For example, many gas and electricity tariffs offer discounts to those who pay by monthly direct debit.

You can also pay in your wages, benefits, tax credits and state pension to a basic bank account and you’ll receive a debit card so you can withdraw money from an ATM.

Importantly, opening a basic bank account allows you to start building a banking history so that you can eventually open a more attractive standard current account.

Basic bank account negatives

A basic bank account is more limited than an everyday current account. The key difference is that you do not get an overdraft facility, because they are usually opened by people with a low credit scores or those with no previous credit history.

On top of that, none of the most competitive current accounts are basic bank accounts. You won’t earn a high rate of interest on your money; in fact you probably won’t earn anything at all, even with the best basic bank accounts. 

These basic current accounts are designed to be solely functional – to give you somewhere you can put your wages and pay your bills.

Alternatives to basic bank accounts

Could you qualify for a standard current account? These offer betters rates and include some perks. Compare basic bank accounts and standard current accounts to see the difference. 

If you’re really struggling with debt then a managed account might help you rebuild your credit score, plus you’ll get help looking after your cash from a dedicated money manager. However, you will pay a fee for that kind of service.