Can't open basic bank account

BrownTrout

addwbkdag wrote: »

Thank you! I will have a look at these - is this available in London?

You can open Coventry online
Yorkshire bs has branches in that London

born_again

addwbkdag wrote: »

A, or the option to open a help to buy ISA, so I'm very limited

Hopefully it is sorted, do you know how long it takes for your credit score to become good after 2 defaults ?

Help to Buy ISAs are available until 30 November 2019. They won't be available to new savers after this date,

So no chance there.

6 years till they drop off.

Are you declaring this cash anywhere as earnings?
Originally posted by !!!

”Why is this relevant?

If you can't work that out then both you and employer are in trouble...

Mrs_Ryan

It’s not illegal to be paid in cash so long as the relevant tax/NI (if applicable) is paid.

boo_star

Mrs_Ryan wrote: »

It’s not illegal to be paid in cash so long as the relevant tax/NI (if applicable) is paid.

No, but if they're telling the bank their income is zero that might be a problem.

Although I think there's a CIFAS or NH entry that's causing these issues. Students get offered stupid amounts of credit with no income nowadays.

colsten

addwbkdag wrote: »

Another factor is as I'm a student I dont have the option of an overdraft - which may be a blessing in disguise, or the option to open a help to buy ISA, so I'm very limited

The reason you can't get a Help To Buy ISA is not that you are a student but because they no longer exist for new applicants. There is no credit check for savings accounts.

addwbkdag wrote: »

I've been in branch and applied, initially it is accepted then after 2 days max they decline it and some banks dont even offer the basic bank account after this

This very much points to you having a CIFAS marker. You said "this is not the case" - how do you know? Did you get a CIFAS DSAR?

nyermen

Even Basic accounts? Then 90% likely this is a CIFAS/NH marker. You really should contact those entities directly, don't assume just because a third party freebie (credit karma etc) says there isn't a marker.

When you apply, is there a wierd sort of situation where the account is maybe opened then immediately closed? That's an indicator.