Compare Bank Accounts for Bankrupts

Compare all the bank accounts for bankrupts available in the UK, see which bankruptcy bank account offers the banking facilities you need & find the best current account for bankruptcy people at a glance. We make it easy to find the basic bank accounts for bankrupts that offer direct debits, cheque book & debit cards.
Do you have a question?
 Monthly ChargeATM Withdrawal FeeDirect DebitStanding OrdersCard TypeCard 
eccount money
Current Account
Basic Bank Account open to everyone, regardless of Bad Credit. No Credit Checks or Hidden Charges with Guaranteed Acceptance.
Cashplus Deluxe Account
100% instant approval. No hidden or penalty charges. Add Creditbuilder to improve your credit rating
Ffrees Family Finance Ltd
Family Account
No monthly fee, however, £2 a month If you do not use your Ffrees Account for two consecutive months.
Have your wages, pension or benefits paid in for free. Includes 'cashback' style rewards with thousands of well known retailers.
Guaranteed Acceptance Bank Account
Basic Bank Account with No Credit Checks, Guaranteed Acceptance, No hidden charges or penalty fees.
Secure Trust Bank
Prepaid Bank Account
No credit checks, No Hidden fees or charges, No charges for bounced Direct Debits or Standing Orders, earn up to 4% cash rewards.
iCount Pay Monthly
Cash Card Account
£0£0Visa, Dot Zinc Limited, 160 Fleet Street,London. EC4A 2DQ. We are a Credit Broker for all consumer credit products listed on

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with non-faded buttons.

Get our free money saving newsletter
Join over 450,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...
Pleased to be forewarned about ebay freelistings weekend as I wasn't planning on putting anything on this weekend but have now changed my mind - thank you :)

Bank Accounts for Bankrupts: How to Get the Best Deal

Going through the process of bankruptcy is never a pleasant experience, whether you have declared it yourself or whether you have been petitioned by a creditor. Finding a bank account for bankrupts is just one issue you'll face.

Bank Accounts for Bankrupts: How to Get the Best Deal

Unfortunately, it's an increasingly common experience with the economy leaving more and more people financially vulnerable.

One of the biggest problems with being made bankrupt is the loss of amenities which many people take for granted, such as a bank account.

We take a look at the rules around bank accounts for bankrupt people and ask the question, can you have a bank account if you go bankrupt?

Opening a bank account when bankrupt

Once you have been declared bankrupt, the chances are that your current provider will close your account and you will lose access to all debit and credit facilities. Your Trustee in Bankruptcy may allocate you a small sum of money in order to purchase essentials, such as food.

This means that you will need to find a new bank account, a task which can feel almost impossible. But without a bank account for bankrupt facility, it can be very difficult to pay for things, a situation which means that those who are bankrupt miss out on all the best deals.

Unfortunately, finding a bank account for bankrupt individuals is not an easy task as many providers will no longer offer this facility.

However, many high street banks provided basic bank accounts for undischarged bankrupts .

There is nothing to prevent banks from legally offering a bank account; if you want to open a bank account online when bankrupt, or even in the branch, there is no law which says you can't.

However, in theory the Trustee in Bankruptcy could pursue the bank for money they let leave your account. Although this is highly unlikely and only possibly in certain circumstances, it's enough to deter many banks from offering current accounts for bankrupts.

The good news is that there is currently an amendment to a Bill going through Parliament which if passed, will provide banks with more protection in the hope that it will encourage them to help a bankrupt open a bank account.

Does this mean I can't open a bank account if I am bankrupt?

Thankfully, no. Although the vast majority of the main providers will not provide this facility, there are other banks who will.

If you carry out a basic bank accounts for bankrupts comparison you will see that there are a number of providers, who you may not be as familiar with, who are willing to not only offer bank accounts for discharged bankrupts, but also those whose bankruptcy is still ongoing.

So what bank or building society can you have when bankrupt?

Because the deals on offer change so frequently the best way to find out what's currently available is to compare bank accounts for bankrupts. This will provide you with the most up to date information without having to trawl through numerous bank websites.

However, because there is an element of risk which is higher than normal, you might find that there are only paid for bank accounts for bankrupts available. This may seem frustrating, especially whilst money is a problem, but the amount you could save by having accessing to an account probably outweighs the potential cost.

Getting a bank account once you are discharged from bankruptcy

Finding bank accounts for ex bankrupts is far easier although the chances are that you still won't be able to access any credit, such as an overdraft facility for some time to come.

Bank accounts with cheque books for bankrupts may be difficult but you could get access to some types of debit card, such as a Solo card. This can be a real help in managing your money more efficiently.

Bank accounts for people who have been bankrupt are available from some high street providers but you can expect to be credit checked. It's therefore essential that your credit file has been updated with your discharge from bankruptcy.

If you don't want to go through the hassle of a credit check, you can still opt for one of the prepaid accounts. These often come with a Mastercard, VISA card or the equivalent, again with no credit limit just a prepaid top-up facility. These are usually available to undischarged bankrupts too, as well as other individuals with a less than perfect credit rating.

Despite the restricted choice you should still take the same approach to finding a bank account if you're bankrupt.

Compare your options and find the bank account for bankrupts that gives you the best facilites for the lowest cost.

Current Account Comparison