Can`t get a basic bank account

13 October2009

Over the years, bank accounts have become increasingly useful for day-to-day living. They offer us a safe and secure place to keep our money, as well as access to a range of useful facilities.

Being unable to find a bank account can be very frustrating. The Financial Inclusion Taskforce recently reported that in 2006-2007, 2.09 million UK adults in 1.37 million households were `unbanked` - without access to even a basic bank account.

Why do people have trouble getting a bank account?

There are a number of reasons people may find getting a bank account difficult.

  • Made bankrupt in the past
  • No credit history (e.g. new to the country)
  • Bad credit history - previous arrears, CCJs, etc.

Without an account, there may be no other choice but to keep cash at home - which is obviously not as safe as putting it into a bank account. You will also miss out on a range of useful facilities, such as paying for things by card, and setting up direct debits for bills.

However, there is help available.

Managed bank account from Think Banking

Almost anyone can get a bank account with Think Banking. All you need to do is apply and prove your identity - no credit check required.

A Think Banking account offers many of the benefits of a basic bank account and more. You`ll have your own personal Money Manager, who can help you with any queries or concerns you might have, and who will manage your finances for you.

What`s more, you`ll never face another unauthorised overdraft fee or charge for bounced payments. Your money will be organised into two `piles` - money you need to set aside for essential costs like bills, and money you can safely spend as you wish.

For more information on the Think Banking account, call 0800 195 2912 or click here today.

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Tags: bank, bank account, bank accounts, basic bank account, bad credit, bank account bad credit, basic bank account bad credit

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