Basic Bank Accounts

Basic or Introductory Bank Accounts are offered by most of the largest banks and building societies and are a potential good option for Basic Bank Accounts those with no credit history or those who have never had a bank account before.

A Basic Bank Account will give you a range of services, be sure to check with your bank or building society as to what their Basic Bank Account comes with.

Most Basic Bank Accounts WILL come with:

  • Cash card
  • Direct debit and standing order facility

Most Basic Bank Accounts will NOT come with:

  • An overdraft
  • A cheque book
  • A credit card

You can use most Basic Bank Accounts to:

  • Have wages, benefits, State pension and tax credits paid directly into the account
  • Pay in cash
  • Pay in cheques
  • Foreign Currency Accounts
  • Pay your bills by direct debit or standing order
  • Withdraw money from cash machines
  • Withdraw money from your bank or building society branches
  • Withdraw money from the Post Office®
  • Withdraw money from some shops

See the links above for more detailed information on the variety of bank accounts available and see our bank directory to find out what types of accounts your local bank offers.

Always be sure you fully understand what is and is not included, the costs, restrictions and exactly who is offering it before signing up for a bank account or any financial product. For more information see the Financial Services Authority Consumer Information website

None of the information contained in this website constitutes, nor should be construed as Financial Advice.

Search our advanced guide to Britain's Banks.

Only banks with Disabled facilities