Basic bank account: Difference between revisions
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imported>Doug Williamson (Create page. Source: The Money Advice Service UK: https://www.moneyadviceservice.org.uk/en/articles/basic-bank-accounts) |
imported>Doug Williamson (Add link.) |
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* [[Current account]] | * [[Current account]] | ||
* [[Deposit account]] | * [[Deposit account]] | ||
* [[Financial exclusion]] | |||
* [[Overdraft]] | * [[Overdraft]] | ||
* [[Unbanked]] | * [[Unbanked]] | ||
Revision as of 11:39, 31 March 2021
Banking - financial services - financial exclusion.
A basic bank account is a simpler and more limited form of bank account, designed for people who are unable to access a standard bank current account, because of poor credit history or other reasons.
Basic bank accounts do not allow overdrawing.
They are usually free of fees.
See also
