BANK ACCOUNTS, One Banking
Guaranteed Bank Accounts for Bankrupt people
Guaranteed bank accounts for bankrupt people is being offered by Card One Banking, They are one of the few bank providers to offer a full banking facility to everyone no matter what your credit status is. With One Banking there are no credit checks when opening an account all that is required is to pay the application fee.
Like with any bank account you get a sort code and account number, you will also get a prepaid MasterCard with your account. The Card one banking prepaid MasterCard works just like a debit card but with no overdraft facility or credit offered so you can only spend what you load on to your account, making it a ideal tool for people who wish to budget their finances.
The One Banking account is now an ideal solution for people who have been forced or gone into bankruptcy, although there are still three other banks offering a bankruptcy bank account they are Barclays, Nationwide and the Cooperative Bank. You are only limited to an Electron cash card which can limit your options to pay for items and where it is accepted. With the One Banking account you get a MasterCard where you are able to use where ever the MasterCard sign is accepted.
With the growing number of people this year being forced in to bankruptcy and expected to continue to increase over the coming months, the guaranteed bank account is welcomed by thousands of people who now have a new alternative to manage their money as no other bank accepts undischarged bankrupts - something the Treasury Select Committee commented on last November when they said denying basic bank accounts to undischarged bankrupts seemed contrary to the government's policy of encouraging enterprise by allowing bankrupts to make a fresh start.
With a One Banking account you will get a personal account manager and there are no overdraft or late fees attached to your account, There is a £30.00 application fee to open the account but you are guaranteed to be accepted as long as you provide them all the necessary information.
Tags: BANK ACCOUNTS, bankruptcy bank accounts, Card One Banking, Guaranteed bank accounts