Why open a basic bank account?
A basic bank account will allow you to receive money and pay bills. Having a bank account gives you the opportunity to:
- Get discounts on household bills when you pay by Direct Debit
- Pay in and cash cheques free of charge
- Pay in a salary and get money out free of charge
- Withdraw cash at cash machines (usually free of charge, but some cash machines do make charges)
How and where can you open a basic bank account?
To find out the details of all the banks and building societies which offer basic bank accounts please click here to visit the UK’s financial watchdog site (FSA).
Get the facts about basic bank accounts by clicking here
