The basic bank account

Those struggling with debt problems and poor credit ratings in the UK should consider a basic bank account according to a new report from the 1 Stop Finance Shop.

The group have outlined the many benefits and functions a basic bank account can have to those who are rejected in their applications for a current account.

With a basic bank you don't have the options of an overdraft or a cheque book which is good for people who are trying to keep a tight budget.