Basic Bank Accounts: Red 2 Black Debt Management

Sometimes, having gone down the route of debt management, it will be necessary to open a new bank account. There is a basic bank account available to even those with the poorest of credit scores. A basic bank account is similar to a current account except that you will not be given a cheque book and card nor allowed an overdraft facility. However you will get a cash card for withdrawals from an ATM, and you will also have the banks branch facilities for other transactions.

The problem is that these type of accounts cost the banks money and are only issued as a desperate measure, this means that you have to specifically ask for them rather than the banks doing an application for a normal bank account then rejecting you.

These bank accounts are not well publicised by the banks so you will need to enquire direct with the bank of your choice, we have provided a list of banks which do provide this facility.

Bank / Building Society	Name Of Basic Bank Account	Direct Debit	Standing Order
Abbey Alliance & Leicester Bank Of Scotland Barclays Clysdale Bank Co-operative Bank First Trust Bank Halifax HSBC Lloyds TSB Nationwide Building Society Natwest Northern Rock The Royal Bank Of Scotland Yorkshire Bank	Basic Current Account Basic Banking Account EasyCash Cash Card Account Cashmaster Account Cashminder Basic Bank Account Easycah Basic Bank Account Basic Bank Account Flex Account Cash Card Step Account Cashmaster Basic Key Account Readycash	Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes	Yes Yes Yes No Yes Yes No Yes Yes Yes Yes Yes Yes Yes Yes

Red 2 Black
Independent debt management service from the reliable and trust-worthy UK company.

Consumer Credit Licence No : 614546
Data Protection Registration No: Z121851X
Registered in England & Wales
Company Registration Number 6480896

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