We use a minimal number of cookies to enhance your browsing experience - you can change your settings at any time.
The UK's only Multi Agency Credit Report

Take a FREE 30-day no obligation trial. Call us free on 0800 612 0421 from 8am to 6pm today.

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

Banks told to change account names

The FCA has put forward proposals to stop banks and build societies from naming accounts with terms that they deem “misleading”. Lenders love names with terms such as ‘Gold’, ‘Platinum’ and ‘Select’ attached to them, encouraging the customer to believe that there is some leverage attached to the account because of the premium sounding name.

Often these types of account pay some of the worst rates of interest on savings and the FCA has stated that they will take action on lenders who continue to use this type of term within the account name.

“Account names should not mislead consumers,” the FCA said.

“This applies equally pre- and post-sale. An account name could become misleading after the account has been opened as a .....

27 Jul 2015 by

Kelly Luff



Full Article

UK export credit agency to support working capital of exporters

The government has announced in its productivity plan that it wants to help widen the amount of working capital support that UK Export Finance (UKEF) is able to provide to UK exporters. By working with banks, the UKEF, which is the UK’s export credit agency, is looking to improve how its export capital products work by including all the companies within the export chain.

Where the risks are high, it can prove difficult for an exporter to find a lender that will provide working capital for a transaction to be completed. Assuming a product is sold on credit, it can take months for it to produced and purchased from a supplier who then sells and ships it overseas. Being able to obtain working capital is essential at every stage of t .....

14 Jul 2015 by

George Coburn



Full Article

Starling Bank is the latest to fly

Starling Bank was created in 2014 but will launch next year and it will have the “very best current account in the world”

10 Jul 2015 by

Kelly Luff



Full Article

Accepted Payment Methods: VISA, MasterCard and Direct Debit

© Copyright Credit Reporting Agency Ltd 2000 to 2015. All Rights Reserved.

United KingdomAustraliaGive Me Credit United States

Customer Feedback