If you've been turned down for a bank account due to bad credit, no credit history, or past financial difficulties, you're not alone. Millions of people face this challenge every year. The good news is that several banks and financial providers offer basic bank accounts with no credit check.
Key Takeaway: Basic bank accounts are designed for people who can't get a standard current account. They offer essential banking features without requiring a credit check.
What is a Basic Bank Account?
A basic bank account (sometimes called a "second chance" account) provides essential banking services without the bells and whistles of regular current accounts. These accounts typically don't require a credit check, making them accessible to people with:
- Poor credit history or low credit scores
- No credit history (new to the country or young adults)
- Previous bankruptcy or CCJs (County Court Judgments)
- History of being refused bank accounts elsewhere
Best Basic Bank Account Providers
1. Wise - Multi-Currency Account
Wise (formerly TransferWise) offers a borderless account with no credit check. Ideal for international money transfers with the real exchange rate and low fees.
- No credit check required
- Hold and convert 40+ currencies
- Real mid-market exchange rate
- Mastercard debit card included
- Low, transparent fees
- Perfect for international payments
2. Starling Bank - Basic Account
Starling Bank offers a fee-free basic account with a full UK sort code and account number. Perfect for those who want a modern, app-based banking experience.
- No monthly fees
- Real-time spending notifications
- Savings spaces feature
- Contactless Mastercard debit card
- No minimum deposit required
3. Monzo - Standard Account
Monzo offers accounts without a hard credit check for their standard current account. They're known for excellent budgeting tools and instant notifications.
- No credit check for basic account
- Instant spending notifications
- Free ATM withdrawals in the UK
- Budgeting and savings pots
- Easy in-app sign up
4. HSBC - Basic Bank Account
HSBC's Basic Bank Account is designed for those who can't get a standard current account. It's backed by one of the world's largest banks.
- No monthly account fee
- Visa debit card included
- Direct debits and standing orders
- Access to 1,000+ UK branches
- Online and mobile banking
5. Barclays - Basic Current Account
Barclays offers a straightforward basic account with access to their extensive branch and ATM network across the UK.
- No credit check required
- Visa debit card
- Cash deposits at branches
- Standing orders and Direct Debits
- Mobile banking app
6. NatWest - Foundation Account
NatWest's Foundation Account is their basic banking option, providing essential features for those who need a second chance at banking.
- No monthly fee
- Contactless debit card
- Set up Direct Debits
- Access to NatWest branches
- Online and mobile banking
7. Lloyds Bank - Basic Account
Lloyds Bank offers a basic account with no monthly fees and access to their large branch network.
- No monthly account fee
- Visa debit card
- Cash withdrawals at ATMs
- Direct Debits and standing orders
- Internet and mobile banking
8. Revolut - Standard Account
Revolut offers a digital-first banking experience with no credit check. Great for international spending with competitive exchange rates.
- No credit check
- Free standard account
- Multi-currency support
- Competitive exchange rates
- Instant spending notifications
Quick Comparison
| Provider | Monthly Fee | Credit Check | Best For |
|---|---|---|---|
| Wise | Free | No check | International transfers |
| Starling | Free | Soft check only | App-based banking |
| Monzo | Free | Soft check only | Budgeting tools |
| HSBC | Free | No hard check | Branch access |
| Barclays | Free | No hard check | Large ATM network |
| NatWest | Free | No hard check | Foundation banking |
| Lloyds | Free | No hard check | Traditional banking |
| Revolut | Free | No check | International use |
What to Expect from a Basic Bank Account
While basic bank accounts provide essential banking features, they typically come with some limitations compared to standard current accounts:
What's Included:
- Debit card for purchases and ATM withdrawals
- Ability to receive payments (salary, benefits, etc.)
- Direct debits and standing orders
- Online and mobile banking
- Branch access (for traditional banks)
What's Usually NOT Included:
- Overdraft facility
- Chequebook
- Rewards or cashback
- Interest on balances
- Credit building features
How to Apply
Applying for a basic bank account is straightforward:
- Choose a provider - Select from the options above based on your needs
- Gather documents - You'll need proof of ID (passport/driving licence) and proof of address
- Apply online or in-branch - Most providers offer both options
- Wait for approval - Basic accounts are usually approved quickly
- Receive your card - Your debit card typically arrives within 5-7 working days
Tip: If you're receiving benefits, you have a legal right to open a basic bank account. Banks cannot refuse you solely because of your benefits status.
Frequently Asked Questions
Can I be refused a basic bank account?
While basic accounts are designed to be accessible, banks can still refuse you if you've previously committed fraud or have been declared bankrupt within certain timeframes. However, you cannot be refused simply for having bad credit.
Will a basic account affect my credit score?
Opening a basic bank account won't negatively impact your credit score. Some accounts only perform a "soft" credit check which doesn't appear on your credit file.
Can I upgrade to a regular account later?
Yes, most banks allow you to upgrade once your financial situation improves. Some will review your account after 12 months to see if you're eligible for additional features.
Are online-only banks safe?
Yes, digital banks like Starling, Monzo, and Revolut are regulated by the Financial Conduct Authority (FCA) and your deposits are protected up to £85,000 by the FSCS (Financial Services Compensation Scheme).
Conclusion
Having poor credit or no credit history doesn't mean you have to go without a bank account. Basic bank accounts provide essential banking services and can be a stepping stone to rebuilding your financial life. Compare the options above and choose the one that best fits your needs.
Remember, many people use basic accounts temporarily while working on improving their credit score. Once your financial situation improves, you can always upgrade to a full-featured current account.