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

First plastic banknotes enter circulation

Plastic bank notes have been introduced into circulation in Britain for the first time, in what is thought to be the start of an effort to phase out the traditional notes.

Clydesdale Bank have today issued 2 million of the £5 polymer notes, a year before the Bank of England introduces plastic banknotes into general circulation. This is to commemorate the 125th anniversary of the opening of the Forth Bridge and features both the bridge and a portrait of Sir William Arrol, whose company was responsible for its construction.

These notes are made entirely out of a plastic polymer and are expected to last 2.5 times longer than its paper equivalent, which are prone to tearing and are easier to copy. They are thought to be able to .....

26 Mar 2015 by

Kirstie Brown

 in 

Banking

Full Article

TSB agrees £1.7bn sale to Spanish bank Sabadell

TSB, the UK’s seventh biggest bank which was formally owned by Lloyds Bank, has agreed a £1.7bn takeover offer from Sabadell, Spain’s fifth biggest bank. The sales comes less than a year after TSB entered the stock market following Lloyds Banking Group sale of the business.

Sabadell has agreed to buy a 10% stake in the bank from Lloyds, and Lloyds has confirmed it will accept the offer for its remaining 40% shareholding in TSB.

The deal first requires the approval of UK regulator the Prudential Regulation Authority, and the approval of the European Commission. Lloyds Bank was ordered to sell the bank by European regulators as a condition of its bailout by the UK government at the height of the financial crisis.

The Sp .....

24 Mar 2015 by

Tom Line

 in 

Banking

Full Article

Interest rates as likely to fall as they are to rise

The chief economist of the Bank of England (BoE) has said that the interest rate is just as likely to fall as it is to rise further

23 Mar 2015 by

Kelly Luff

 in 

Banking

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