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 0800 612 0421 9am-5pm, Monday to Friday for help.


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

FCA impose record fine on Barclays for client asset breach

Barclays Bank has been fined £38m by the Financial Conduct Authority (FCA) for failing to safeguard its clients’ assets.

The punishment imposed by the FCA is the highest fine for this type of misconduct, which includes failure to keep its clients’ money separate from its own, as well as failing to maintain adequate records between 2007 and 2012. Barclays was fined £1.12m three years ago for the same offence.

David Lawton of the FCA says, “Safeguarding client assets is key to maintaining market confidence if firms fail - Barclays lack of focus on the rules was unacceptable.

“Our on-going scrutiny of firms’ compliance reflects the importance of the regime, which protects custody assets worth £10 trillion held in the UK”.< .....

1 Oct 2014 by

Simon Hadley



Full Article

Investment Warning May Prove Golden

Precious metals have traditionally been considered strong investment options but many sceptical analysts have warned investors to be cautious after the Royal Mint has launched a new website selling gold and silver coins.

As part of a new strategic development, the Royal Mint is attempting to expand its bullion business by allowing consumers the opportunity to purchase relatively affordable coins online. The scale of the market is highlighted by the World Gold Council, which has estimated there is an untapped market worth in excess of £4bn for gold among savers in the UK.

Shane Bissett of the Royal Mint says, “We want to help expand the bullion market, particularly as coins offer a relatively affordable introduction”.

In .....

30 Sep 2014 by

Tom Magor



Full Article

Is a 0 percent credit card really free?

Which? Calls for cards with upfront fee’s to be banned from claiming rates of “0%”

26 Sep 2014 by

Neil Greenhill



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