Jonathan Halloway

Expertly compared by Jonathan Halloway

Products Updated April 23, 2021

Bank Accounts For Bad Credit

If you have a bad credit history or damaged credit rating then we have displayed our expert choice of accounts that guarantee acceptance. These accounts are specially designed with the poor credit applicant in mind.

1 providers expertly compared:

Eccount Money

£12.50 per month

Arranged Overdraft

Interest Rate

Rated 4.7/ 5

All credit types

Guaranteed acceptance* / no credit checks required. You will receive a prepaid VISA card which can be used anywhere you see the VISA Acceptance Mark. Budgeting tool – only spend what you have loaded. FREE mobile banking app and online account management to manage your money on the move.

Read our customer and visitor reviews for this product:

Rating: 4 / 5 with 1 votes

Good search facility

by Jay Dillon

Has a good accounts search facility which means you can compare current accounts side by side. Will probably use again if I'm looking for another account in the future.

What are the best current accounts for people with bad or little credit score?

Bank accounts suitable if you have poor credit

Bank accounts suitable if you have poor credit

If you have a bad credit score, then you will need some help to start finding your feet financially. One of the best steps you can take is to open a current account, which will allow you to accept money and also to pay direct debits and other monthly fees without a problem. It is more than possible to open up a current account even with a poor or non-existent credit history, but you should remember that your options will be more limited, and you may have to take current accounts which are less beneficial to you than the standard account. The best account for your needs will depend very much on what your credit situation is, and what the bank will allow you to do in your current position.


Current accounts for bad credit

If you have a bad credit rating due to defaulting or other problems with your credit score in the past, then you will need to do a little research into the banks before you start asking them to allow you to open a current account. Debt help lines should be able to provide you with information on the different current accounts offered by the banks, and this will allow you to select the account that most suits you. The type of credit score you have may directly affect what the bank will allow you to have. If the score is old, or does not directly relate to banking, then the bank might be prepared to offer you a standard current account. If it is too poor, you may have to think about using a basic bank account instead.


Current accounts for those with no credit history

Bank accounts that guarantee acceptance

Bank accounts that guarantee acceptance

If you have not had any kind of debt or credit account before, then you may have very little on your credit history. This can be as much of a problem as having a bad history of defaulting, because banks will have absolutely nothing to go on. Rather than taking a current account which is suitable for bad credit, however, you may find that your best solution lies in taking out a credit card designed to improve your credit history. 12 months of paying back your debt can help you to get out of your low credit score, and will then allow you to take out a standard current account.


What current accounts can I get with my present credit history?

Want to find a bank account now, and can’t afford to improve your credit history in order to get a better account? You can still open a current account, but you may have to look beyond the major high street banks. For example, you might look at the Card One managed account. This offers no credit check, no account opening fees, and a prepaid Mastercard. You will have to pay a monthly fee of £12.50, and charges may be applied for cash withdrawals.

You may also try the ClearCash account, which offers a pay monthly or PAYG account, with a credit building (improve your credit) facility with its Credit Builder Mastercard. You can use this account just like a standard current account, and you pay either £9.95 a month, or 2.5% of your purchases as PAYG. You will also have to pay a £5 fee to open the account.

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