Basic bank account

From ACT Wiki
Revision as of 11:34, 31 March 2021 by imported>Doug Williamson (Create page. Source: The Money Advice Service UK: https://www.moneyadviceservice.org.uk/en/articles/basic-bank-accounts)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

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


External link

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Basic_bank_account&oldid=4821’