poor credit record.  But you may still be able to qualify for a basic bank account as they are designed for people with poor credit scores. This is because they don’t offer overdraft facilities or interest if you’re in credit. They are simply a place to store your money and pay bills. Some will also come with a debit card though, so you can still make payments online for example. Basic bank accounts don’t tend to be widely publicised as they’re not likely to make banks as much money as standard or packaged accounts (which comes with benefits that you pay for monthly). If you fail the credit check on one of these, however, you should ideally be offered a basic bank account.

Basic bank accounts don’t tend to charge a monthly fee as the offering is very simple, but you will still be charged a penalty if you don’t have enough money in your account for a direct debit for example. This could be up to £25 so it pays to make sure you manage your money effectively in one of these accounts. Managed accounts, which are also a form of basic bank account however, can charge a monthly fee and usually come with an initial set-up costs too. There are few people who won’t be able to open one of these accounts, even if you’ve declared bankruptcy in the past. However, you may still struggle if you have criminal convictions for fraud, although a criminal record alone doesn’t mean you definitely won’t be able to get a bank account. You’ll also need the required identification, which includes a passport or driving licence. For anyone with a history of bad credit, MoneyMona is the perfect solution you can get all the tools of a standard bank account and earn great rewards.