What bank account can I open with bad credit in the UK?
Credit history is taken into account not only when applying for bank credit products, but also when opening current accounts, especially with overdrafts. However, if you have poor credit, you can still open an account, but the terms will be slightly different. Moreover, banks have developed separate programs - basic bank accounts for individuals with bad credit histories. Therefore, banks may not check creditworthiness under such programs.
We offer step-by-step instructions that will help you choose the best bank account with a bad credit history:
- Choose a bank that offers this type of account. On this page, Bankchart analysts have collected banks that offer to open an account to customers with a bad credit history. When choosing a bank, pay attention to the network of branches, quality of service, and availability of functional online banking
- Collect the necessary documentation. Usually, to open an account, you need to provide an identity document and proof of address.
- You can apply online on the bank's official website (click the "More" button) or at the nearest branch.
- Fill out the application, specifying personal data
- Account approval and setup. In case of a positive decision, the bank will approve your application and open an account, provide a debit card for payments. In addition, the bank will provide you with instructions on how to access and use online and mobile banking
We hope you can choose a better personal bank account with no credit check, using our catalog.
You can also place free funds on a savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 30,000 | 4.20% | 1,260 |
| 30,000 | 4.25% | 1,275 |
| 30,000 | 4.30% | 1,290 |
| 80,000 | 4.70% | 3,760 |
| 80,000 | 4.75% | 3,800 |
| 80,000 | 4.80% | 3,840 |
| 190,000 | 5.20% | 9,880 |
| 190,000 | 5.25% | 9,975 |
| 190,000 | 5.30% | 10,070 |
| 340,000 | 5.70% | 19,380 |
| 340,000 | 5.75% | 19,550 |
| 340,000 | 5.80% | 19,720 |
What are personal account catalogues for bad credit?
Personal account catalogues for bad credit in the UK are credit catalogues or retail finance options designed to help individuals with poor credit histories access goods and services through a flexible payment plan. These catalogues allow you to buy items and pay for them in installments, even if you have a bad credit history.
These catalogues are more likely to accept applicants with poor or limited credit histories compared to traditional credit options. Typically offer flexible repayment options, allowing you to spread the cost of your purchases over a period.
Items bought through catalogues can sometimes be more expensive than those bought directly from retailers due to the cost of credit. Catalogues often come with high-interest rates and APRs, which can make the total cost of credit more expensive if not managed carefully.
Popular Catalogues for Bad Credit:
- Very Catalogue
- Next Directory
- Littlewoods
- Argos Card
- Klarna
