We use a minimal number of cookies to enhance your browsing experience - you can change your settings at any time.

GREAT PRIZES TO BE WON EVERY DAY IN OUR CRACKING CHRISTMAS GIVEAWAY - FIND OUT MORE

checkmyfile
The UK's only Multi Agency Credit Report

Take a FREE 30-day no obligation trial. Call 0800 612 0421 9am-5pm, Monday to Friday for help.




  
Forgotten Password? Not a Customer? Sign Up

No-credit-check bank accounts on offer

Posted in 'Banking' by Barry Stamp

02 February 2009

For many people with a poor credit history, opening a bank account can be a real struggle.

This isn’t a new problem – we’re contacted on a daily basis by people who have had credit problems in the past and are unable to find a bank willing to open a bank account in their name. This can be very embarrassing when a new employer asks to pay wages direct to a bank account.

At long last, step forward the Extra Direct Bank Account. Extra Direct offers internet based online banking coupled with a MasterCard debit card for all comers, with 100% guaranteed acceptance.

This will enable you to have your wages paid straight into your account. You can also set up standing orders or pay for goods and services anywhere that displays the MasterCard logo Worldwide - in shops, online or over the phone. You can manage your account online to set up bill payments or transfers, and check your balance 24/7 either online or by text.

The Extra Direct Bank Account has a monthly fee of £12.50 - and an account opening fee of £49.95, but on the other hand there are no late payment or overdraft fees.

For those who are prevented from opening an account with a high street bank because of an adverse credit rating, this new service may well be what you need.

To obtain a no credit check bank account click here.

Barry Stamp

Barry is a Chartered Banker and a Fellow of the Institute of Credit Management. He has a degree in Statistics and Business Economics from the Open University. Barry writes mostly on news from the worlds of banking and mortgages.

Barry is a co-founder of checkmyfile.

Related Articles

Early interest rate rise presents risk for UK economy

While the UK economy has been characterised by relatively low interest rates for a prolonged period of time, the British Chambers of Commerce (BCC) has advised that a premature rise in interest rates could present a significant risk to the economy.

Interest rates have been at an historic low of 0.5% for in excess of 5 years, with only 2 of the 9 members who comprise the Bank of England’s Monetary Policy Committee voting to increase interest rates over the course of the last few months.

Looking forward, the BCC anticipates that interest rates will rise to 0.75% in the third quarter of 2015, with rates increasing further to 1.75% by late 2016. The prediction correlates with the Autumn Statement forecast provided by the Office f .....

16 Dec 2014 by

Tom Magor

 in 

Banking

Full Article

Interest rates forecasted to rise in 2015

Interest rates have now remained at a historic low of 0.5% for over 5 years but it is with trepidation that financial forecasters begin to look at the impact that an increase in rates could have on consumers in the UK.

With many mortgaged borrowers currently reaping the benefits of low interest rates, the Bank of England (BoE) has released a statement confirming that they believe that the majority of people could cope with a rates rise.

Their annual survey reveals that only 4% of households would struggle if interest rates rose by 2% to 2.5% but this is based on the assumption that household incomes would rise by 10%. If incomes do not rise in line with inflation those facings problems would instead stand at 37% of mortgagers .....

9 Dec 2014 by

Kelly Luff

 in 

Banking

Full Article

FCA to investigate UK credit card market

The Financial Conduct Authority (FCA) is planning an industry-wide investigation into the way credit cards are marketed

28 Nov 2014 by

Ben Tumilty

 in 

Banking

Full Article

Accepted Payment Methods: VISA, MasterCard and Direct Debit

© Copyright Credit Reporting Agency Ltd 2000 to 2014. All Rights Reserved.

United KingdomAustraliaGive Me Credit United States

Customer Feedback