It isn’t just undischarged bankrupts that experience difficulty opening a no credit check bank account, so do discharged bankrupts and people with bad credit. This is because banks credit score applicants and then proceed to cherry-pick future customers.
Despite the fact that the banking community seems happy to exclude potential customers who’ve experienced past credit difficulties, the government doesn’t see things the same way. All major UK banks are now obliged to offer all applicants – regardless of credit score – the opportunity to open a basic bank account online. This is to prevent widespread financial exclusion.
What Do Basic Non-status Bank Accounts Offer Customers?
You can open a basic bank account with bad credit online with no credit checks even if you’ve been rejected elsewhere. This enables you to deposit cash, pay-in your monthly wages, setup direct debits and arrange standing orders. You’ll also be able to use online banking.
This is a no-thrills basic bank account so you won’t be offered a chequebook or overdraft facility. This is to prevent customers with financial difficulties getting into further debt. Some financial institutions will allow you to open a basic bank account with debit card (Visa, Solo or Maestro).
Open a Non-status Bank Account with Bad Credit Online at Natwest
If you want to open a bad credit basic bank account without visiting or calling your local branch, you should consider the Natwest step account. It’s not for those who are currently insolvent, but discharged bankrupts can open a basic bank account online. However, you need to provide a certificate of discharge.
The account has all of the standard features and comes with a solo debit card. As is the case with this type of account, there are counter restrictions. However, you can withdrawal funds using your ATM card and have full access to online banking. Your account may be upgraded after a period of 6 months.
How to Open a Basic Bank Account Online
Opening basic bank accounts with debit card online is remarkably easy. While some banks prefer you to visit your local branch, this isn’t the case for all of them. You’ll just need to answer a few simple questions, enter your personal information and submit your application.
Due to money laundering rules and regulations, you’ll be required to provide two forms of identification to open a basic bank account online. You’ll need proof of address (photo copy of your driving licence or utility bill) and proof of signature (photo copy of your passport).