Bad credit current accounts

  • Bad credit current accounts are suitable for people with poor credit ratings
  • They provide an alternative to traditional bank accounts and have many standard features without the credit facilities.
  • Compare up-to-date information on account features below to find your ideal account.

What type of current account are you looking for?

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NatWest Select bank account
  • An everyday bank account with no monthly fee
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Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements.

Bad credit current accounts

People who have very poor credit ratings, such as those who have been declared bankrupt or those with outstanding CCJs, may find that the high street banks will turn down their applications for a bank account - even basic accounts with no credit or debit card features Unfortunately, day-to-day life in modern Britain can be difficult without the security and flexibility of a bank account and card payment facilities. The good news is that there are a number of accounts available that offer banking and card payment services to people with bad credit ratings - in fact, most of these account do not even require a credit check.

Typically, this is because these accounts do not extend credit to customers - instead card payments are carried out on a debit or prepaid basis.

Although there are often monthly charges as well as charges for using certain facilities such as cash withdrawals and topping up accounts, bad credit bank accounts offer a range of benefits similar to standard bank accounts including direct debit and standing order facilities and online and telephone account management.

Click here to find out more about current account types with our handy FAQ guide.

Helpful links for current account issues

Financial Conduct Authority (FCA) - The UK financial regulator's website features lots of useful information for banking customers covering everything from knowing your rights to how to stop unauthorised payments.

Financial Service Compensation Scheme (FSCS) - The FSCS is the best place to find out if your bank is covered by the compensation scheme and for advice on making a claim.

Financial Ombudsman Service - If you've complained to your bank and are still having ongoing problems then the Financial Ombudsman is the next step - their website covers everything you need to know about making a complaint.

Money Advice Service - The government's Money Advice Service provides unbiased advice on choosing, opening and managing a current account.