What is a...

Basic Bank Account

A Basic Bank Account is a current account without any additional features. They are considered the bare minimum when it comes to bank accounts. They allow you to deposit and withdraw funds, as well as schedule regular payments from the account.

Will my Basic Bank Account appear on my Credit Report?

As your Credit Report is a record of your credit agreements, it is unlikely that a Basic Bank Account will appear. Instead, you’ll be able to see your credit accounts, their balances and status, as well as your financial associations, court records, and much more.

A Current Account will only usually show on your Credit Report if it includes a credit facility, such as an overdraft. The decision to share an account with the Credit Reference Agencies lies with the relevant bank, so you may wish to contact yours directly to query their reporting practices.

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