Compare bank accounts for bad credit

Find bank accounts for bad credit that could be available even despite having a poor credit history, and choose one with the features that work best for you.

  • Compare accounts with great offers
  • Compare a range of bank accounts
  • Apply in minutes

Compare bank accounts from leading providers

You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

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Suits-me-prepaid-bank-accounts
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thinkmoney-prepaid-bank-accounts

How to compare bank accounts for bad credit

1

Compare bank accounts

Use our current account table to find an account that offers all the features you need.

2

Check your eligibility

Make sure you fit the eligibility criteria for your chosen account and get your proof of ID ready.

3

Apply for the account you want

Click "view deal" next to the offer and fill out the application form on the provider's website.

Bank accounts for bad credit

7 results found, sorted by most popular. How we order our comparisons.
Sort
Cashplus Bank Deluxe Account
Account charges
£5.95, then £9.95 a month
Account facilities
Direct debits, standing orders & free ATM withdrawals
Card type
MasterCard prepaid card
Cashplus Bank Deluxe Account
Instant online decision. No hidden or penalty charges. Add Creditbuilder to improve your credit rating.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
thinkmoney Current Account
Account charges
£10 a month
Account facilities
Direct debits, standing orders & free ATM withdrawals
Card type
MasterCard prepaid card
thinkmoney Current Account
The thinkmoney Current Account helps you budget for your bills and pay them on time, every time. No charges for unarranged overdrafts or bounced direct debits.
This account doesn't provide a debit card, but a prepaid card.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

Compare another type of current account

Woman sitting on the floor with a laptop

Can you get a current account with bad credit?

By choosing a special current account for bad credit, you can usually still have a bank account despite your credit history.

These most often come in form of prepaid cards, which offer basic bank accounts that let you carry out basic banking transactions such as:

  • Receive payments like your wages, cash, cheques and bank transfers

  • Pay direct debits and standing orders to cover bills like your mobile phone

  • Use a debit card to withdraw cash or buy things in shops, online or by phone

  • Use a cheque book to pay businesses or other people.

These types of current accounts don't offer overdrafts so your credit score doesn't matter.

These types of current accounts don't offer overdrafts so your credit score doesn't matter.

Can you get a bank account with overdraft for bad credit?

If you have bad credit, getting a bank account with an overdraft will be a lot harder. A bank account with overdraft lets you carry on spending, even after your balance reaches zero, so you're essentially borrowing money from the bank.

You can find out about current accounts with overdrafts here, but you're unlikely to get a bank account with overdraft for bad credit.

How to open a basic bank account?

Most major banks and building societies offer a basic bank account for bad credit, but they don't usually advertise them.

You can use this comparison to find the best one. Compare every basic bank account here and open it online or ask to open one in a branch.

If you have all the information and documents they want, you could open a basic bank account online with bad credit the same day you apply. This is also the case if you apply in branch.

Who can get a basic bank account for bad credit?

You can open a basic bank account for bad credit if you:

  • Are over 16

  • Have a permanent address in the UK

  • Haven't ever been convicted of fraud

  • Can prove your identity (using something like a passport, driving licence or utility bill).

Prepaid bank accounts

You can use a prepaid bank account as a form of current account for bad credit. Again, it isn't a bank account with overdraft for bad credit because you'll struggle to find one of these.

But a prepaid bank account may be better than a normal bank account for you because it'll let you:

  • Pay money into your account

  • Have your wages paid straight into it

  • Make purchases using the prepaid card that comes with the account

  • Set up direct debits and standing orders to pay your bills.

You can only spend money that you've already paid into the account. They don't come with overdrafts, and they come with several fees. They're an alternative to a basic bank account for bad credit.

Florence Codjoequotation mark
If you have bad credit a basic bank account can provide a place for you keep money and pay your bills. With no overdraft you won’t fall into debt, because you only spend what you have.
Florence Codjoe, Personal Finance Editor

How to get a prepaid current account for bad credit

You can find prepaid current accounts using our comparison.

They're usually available without a credit check, so you should be accepted if you:

  • Live in the UK

  • Can prove your identity

  • Have not been convicted of fraud

  • You only spend the money you have
  • Help increase your credit score
  • A safe way to receive money such as your wages
  • Receive a debit card to withdraw cash
  • You can set up standing orders or direct debits to pay bills
  • No overdraft facility
  • You won't always get the rewards or perks that come with other current accounts

Alternatives to basic bank accounts and prepaid bank accounts?

If you can't get a basic bank account or prepaid bank account, or choose not to, you may have some other options.

It's possible that you may not be eligible for the options below, or they might not be free of charge, so you'll have to look into this.

Credit unions

Credit unions typically handle savings accounts and loans, but some in the UK are starting to offer current accounts too. If you've had trouble getting a current account for bad credit through a bank or building society, a credit union could be an alternative.

The banking features that you're offered can vary depending on which credit union you choose. But typically a credit union bank account lets you:

  • pay cheques in for free

  • pay money in over the counter at the credit union

  • have wages, salary, benefits, pensions and tax credits paid straight into your account

  • withdraw money from a cashpoint machine.

Some credit union accounts also allow you to have debit card to pay for purchases, and setup direct debits and standing orders.

Bad credit bank accounts FAQs

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Why compare current accounts with money.co.uk?

Comparing current accounts could save you money on overdrafts, get you cashback on bills or see you paid more interest on positive balances. Our multiple award-winning comparison service helps make sure you get the best deal possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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Last updated: 09 May, 2022