Bad Credit Bank Account - Basic Bank Account

CardOneBanking have announced that they are now able to provide any UK resident, aged 18 years or older, with guaranteed bank accounts without having to pass any form of credit check, even if that person is currently bankrupt..
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Basic Bank Account
Prepaid Card
Bankruptcy Banking
Bad Credit Bank Account


Chester - Cheshire - England


Oct. 18, 2012 - PRLog -- This is a major breakthrough for anyone who is an undischarged bankrupt in the UK. The first quarter statistics for 2011 show that there were 30,162 individual insolvencies in Wales and England.

Of the 30,162 insolvencies, 12,539 were bankruptcies, 10,835 were IVA’s/Individual Voluntary Arrangements, and 6,788 were DRO/Debt Relief Orders.

All of the people affected within those figures will now find it very difficult to open a bank account with a regular High Street bank because of the credit check that the bank carries out when an applicant applies for an account, even if it is just a basic bank account. If the applicant is currently bankrupt then the bank is very unlikely to offer the applicant any type of bank account at all.

Where CardOneBanking is different is that it does not require the applicant to pass any form of credit check. As long as the applicant is a permanent UK resident and is 18 years of age or older then the bank account is guaranteed to be opened. It is for this reason that people who are currently bankrupt are likely to welcome these types of bank accounts.

They also provides the account holder with a MasterCard debit card, that is linked to their bank account, which can be used for purchases online as well as in stores. This is unheard of within the UK banking industry as the majority of UK High Street banks only offer a basic cash card with accounts for sub-prime credit customers

CardOne banking also operate an ‘online application’ system whereby the applicant can apply for the account online with no paperwork needed. As soon as the online application has been submitted the bank account is opened and the applicant receives the sort code and account number for their new bank account instantly. Currently there are no other banks which offer a true, 100%, online application process so this is something which is very new to the personal banking sector.

To apply please go to - Basic Bank Account (
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Phone:0871 811 1881
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Page Updated Last on: Oct 18, 2012

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