Bank account for those with bad credit?

CareyR

Hi,

I am trying to help out my dad who has a bad cerdit history. At the moment his salary gets paid into my brother's bank account and my brother handles my dad's money to make sure he doesn't over-spend and get back into debt.

However, my brother has asked my dad to open up his own bank account and start to take control of his own finances again (it has been about 2-3 years now).

Does anyone know whether a Bank or Building Society will let my dad open a standard bank account? he wasn't declared bankrupt but i know his credit history won't be good as he missed payments. H has a full time teaching job, and rents a flat and won't have had any bad debt for a few years, but I'm still worried he might get declined.

Any help/tips would be massively appreciated.

opinions4u

He needs a basic bank account.

Most have a debit card and no overdraft facility. The link below is pinched from the top of the page, but should help you understand what's available.

https://forums.moneysavingexpert.com/discussion/319736

Co-op, Halifax and others all have such a facility.

Good luck!

jalexa

CareyR wrote: »

Does anyone know whether a Bank or Building Society will let my dad open a standard bank account?

Not a "standard account" but the better Basic Banks Accounts are nearly as good.

http://www.moneyadviceservice.org.uk/_assets/downloads/pdfs/your_money/bank_accounts_table.pdf

notts_phil

I would strongly recommend co ops cashminder basic account

Chrisblue1962

I echo notts_phil's comments.

I've had a Cashminder account for two years, no problems so far

scott_lithgows

YBS cash transactor account,basic account with no debit card facility.