Welcome to the Banking Information Centre

Introduction

Money Advice Direct offers a full modern banking services, helps in opening bankruptcy bank account who are bankrupt. Contact us for any help regarding bankruptcy bank accounts on 0800 074 6918

Basic bank accounts offer a convenient place to keep money you need for everyday use. You can arrange to have wages, State Pension and benefits or tax credits paid into one. You can also pay in cheques or cash free of charge, and set up 'direct debits' which pay regular bills automatically from your account.

With a basic bank account you get a cash card which you can use at a bank machine to withdraw cash.

Some also offer a 'debit card' that you can pay for items with, and get 'cashback'; but with a basic account these will only work if there's enough money in your account.

You don't get a cheque book with a basic bank account, and you can't take out more money than is in the account ('go overdrawn'). For this reason basic bank accounts are useful for anyone worried about overspending.

Top bank account tips:

1. Decide which basic bank account would be best for you.
2. Be ready to prove to the bank or building society that you are who you say you are. If you have difficulty proving your identity, the member of staff dealing with your application can usually refer the matter to someone who is authorised to decide in exceptional circumstances.
3. If you want to have your wages, State pension or tax credits paid directly into your account, talk to your wages office or the pension or benefit office dealing with your claim.
4. To set up a Direct Debit or standing order to pay household or other regular bills, ask the company for a Direct Debit or standing order form. Direct Debit forms are returned to the company that you want to pay, but you give a standing order form to your bank.

The benefits are:

• No more bank changes
• No credit checks
• Easy opening process
• End to your banking worries
• Open to everyone
• You don’t get a cheque book
• You don’t get an overdraft
• You can pay cheques in to the account
• You can take cash out of cash machines
• You can pay bills by standing order

Do you want or need a bank account to help you manage your money, but aren’t able to have a current account then we can help – call 0845 612 2626 or apply online today.