Opening new bank account

Mati

I have moved to an area where my existing bank - Nationwide does not have a branch. The only one here is Lloyds so I wish to open an account there so that I can easily call in for anything, transfer funds etc.

I checked my credit rating which is 989 but I scored low on available funds. I then closed a credit card I have not used for a long time, and having only one which is in good standing.

So my question is, how long do I need to wait to apply for a current account or can I do it now? Thanks.

TheBanker

You can apply now. 989 is a number made up by the credit reference agency. Lloyd's won't see this number let alone use it.

Your credit file is only likely to affect a current account application if it shows a history of missed payments, or if you are applying for an overdraft too. 

Rob5342

I've opened current accounts with defaults on my credit report and with most banks it was fine, so you shouldn't have a problem.

Being realistic if there is only a Lloyds there then it will probably close soon, so you might be better off getting used to internet/app banking.