Download PDF How to Open a Personal Bank Account When You Have Been Declined Because Of Your Poor Credit Rating

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The bank may let you have an overdraft and access to other kinds of credit. You will be allowed to set up direct debits and standing orders. Some banks will let you cash a current account personal cheque or use your cash card at the Post Office, free of charge. Ask your local post office if you can do this free from your current account. The Post Office will close all its card accounts in late You can use savings accounts to put away money that you'd like to save for the future, for emergencies or to buy expensive purchases like a new car or a holiday.

For more information about savings accounts, including a table comparing different types of savings accounts, visit the Money Advice Service website at: www. If you have a poor credit rating or a low income, you may have problems in opening a standard current account or savings account.

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You may also have problems if you already have a current account which is overdrawn. If you're in this situation, you may be able to open a basic bank account. You can ask a bank or building society to open a basic bank account. The bank or building society must tell you whether it offers basic bank accounts. If it does, it must tell you the conditions you must meet to be able to open one.

You should still be able to get a basic account even if a credit check shows that you have:.

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For more information about credit reference checks and outstanding court judgments, see How lenders decide whether to give you credit. Not all basic bank accounts can be accessed at the Post Office. If you want to do this, check with the bank before you open a basic bank account.


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If you have an overdraft or other debts on your current account and you open a basic bank account at the same bank, they may use the money in your new account to pay off the debts in your old one. If you get benefits, tax credit or state pension, you might want to think about opening your basic bank account at a different bank or building society. You can get more information about basic bank accounts, including a table comparing the different types of basic bank account, on the Money Advice Service website at: www.

You can get versions of this information in large print, Braille or audio format from the FCA's Consumer Helpline on: You can also open a bank account jointly with other people.


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For example, you might want to do this to manage household bills with someone you live with, or with your wife, husband or civil partner. To open a bank account you usually have to fill in an application form. Often, you can do this in a branch or online, and sometimes you can also do this over the phone.

You will also have to provide proof of your identity including your full name, date of birth and address. You usually have to show the bank two separate documents that prove who you are, for example, your passport, and where you live, for example, a recent bill. If you don't have any of the documents that the bank wants, they should accept a letter from a responsible person who knows you, such as a GP, teacher, social worker or probation officer.

If you're bankrupt or have a record of fraud, you will not usually be allowed to open a bank account. Also, you may be refused permission to open a current account if you have a poor credit rating. However, if you're bankrupt or have a poor credit rating, you may be able to open a basic bank account.

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For more information about bankruptcy in England and Wales, see Bankruptcy. For more information about bankruptcy in Scotland, see Help with debt. A bank or building society can refuse to open an account for you. They don't have to give you a reason, and there's usually nothing you can do about it. A bank or building society isn't allowed to open an account for someone who needs leave under the Immigration Rules to enter or stay in the UK but who doesn't have it, for example, someone who has entered the UK illegally or who has 'overstayed' after their visa has run out.

If you are in this category you also can't be added to someone else's account as a joint account holder or be a signatory or beneficiary in relation to any account. Your bank or building society will carry out status checks to ensure that you don't come into this category. There is more information about what you should do if your bank or building society refuses to open an account for you for this reason on the GOV.

UK website at www. However a bank or building society isn't allowed to discriminate against you, for example, because of your race, sex, disability, religion or sexuality. If you are discriminated against, you may be able to complain to the Financial Ombudsman Service. Also, you may be able to take a case to court. However, there are some circumstances when a bank or building society can discriminate against you, for example, they may not let you open some types of account unless you fall into a certain age-group.

For more information about discrimination, see our discrimination pages. If you think you've been discriminated against by a bank or building society, you should get help from an experienced adviser, for example, at a Citizens Advice Bureau. When you open an account with a bank or building society and use their services, you are entering into a contract with them. The terms of the contract will change according to the bank or building society and the type of account or other service you use.

Before you open an account, you should be given information which will help you choose the account that suits you. The information should include the terms and conditions and the interest rates. After you've opened an account, your bank or building society should keep you informed about changes to this information, so that you can make decisions on how to best use your account.

If you're opening a current, basic or instant access savings account, you should also be given additional information such as:. The information should be given to you in a way which is easy for you to understand. Once you've opened your account, the bank or building society should tell you about any changes to terms and conditions at least two months before the changes are made.

If there are changes to the terms and conditions of your account, you can close the account at any time up to 60 days from the day you were told about the changes. You don't have to give notice or pay any extra charges. If you're opening a savings account other than an instant savings account, you will be given less detailed information than for other types of account. It may be provided in a summary box which will help you compare different accounts from different banks and building societies. You should open a new account before closing your old one and make sure you cancel any current standing orders or direct debits, or move these to your new account.

They did that to me when my husband owed money. They took it right out of our Wells Fargo account. He cannot direct deposit his money into your account. He has a legal right to his paycheck and no legal right to your bank account. The only checks or direct deposits that can go into your account are ones that are in your name. I would love to be wrong about this. I just called and they did say they check ChexSystems for that one too. He took my debit card without me knowing and went through the atm several times in one night.

How does a credit rating work?

So here i am trying to find a bank account and embarrassed as ever. Hoping this will work out! Thanks for the info. Call and speak to an account manager at your preferred bank and explain to them the situation and tell them you have the court documents to prove your card was stolen. They should be understanding.

I promise you that those of us who have worked at a bank have seen so many situations that are similar or worse. Nobody is going to think twice about it. My Walmart money card got hacked. It was never out of my possession, No one had my pin. I have never been to Ohio. I filed a dispute and a police report but Green Dot which runs the Walmart money card has denied my claim. I want to find something other than a bank that my money is secure at.

Hey did you ever get this resolv3d? I had the same exact thing happen to me. I had to call every company on there to try and get my money back. They got my card info online and used it in NY.

I read some people with past scams victims such as mine that how to appeal to open a new bank account that they denied me for the rights then I noticed that it takes five years to clear up my name to credit union or top bank systems? Ok so this is kinda conplicated….