Direct Debit Scheme Rules
It isn't just undischarged bankrupts that experience difficulty opening a no credit check bank account, so do discharged bankrupts and people with bad credit. This is because banks credit score applicants and then proceed to cherry-pick future customers.
Despite the fact that the banking community seems happy to exclude potential customers who've experienced past credit difficulties, the government doesn't see things the same way. All major UK banks are now obliged to offer all applicants - regardless of credit score - the opportunity to open a basic bank account online. This is to prevent widespread financial exclusion.
What Do Basic Non-status Bank Accounts Offer Customers?
You can open a basic bank account with bad credit online with no credit checks even if you've been rejected elsewhere. This enables you to deposit cash, pay-in your monthly wages, setup direct debits and arrange standing orders. You'll also be able to use online banking.
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