Basic bank account: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
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.)
 
(One intermediate revision by the same user not shown)
Line 10: Line 10:


== See also ==
== See also ==
* [[Account]]
* [[Bank account]]
* [[Bank account]]
* [[Current account]]
* [[Current account]]
* [[Deposit account]]
* [[Deposit account]]
* [[Financial exclusion]]
* [[Overdraft]]
* [[Overdraft]]
* [[Unbanked]]
* [[Unbanked]]

Latest revision as of 14:22, 6 July 2022

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