Current Accounts for People with Bad Credit

Compare latest bad credit rating current account deals

 Having a current account is one of the building blocks of personal finance management -  but if you have a bad credit history, you could find it a struggle to get a even a basic current account with a high street bank. However, several providers offer current accounts specifically designed for people with a bad credit rating. These types of accounts won't usually carry out credit checks, so they can be a good option for people whose credit rating is damaged due to previous missed payments, CCJs, or bankruptcy.


Use the table below to compare some of the latest bad credit rating current accounts, or click on the links to apply online: 



Latest Current Account Deals for Bad Credit
ProviderAccount Set Up FeeFee per monthFeaturesApply
N/A£12.50No credit checks.** Prepaid MasterCard. No account opening fee. More Info >
Cardonebanking Current Account

  • No credit checks**
  • No account opening fee 
  • Cardonebanking Prepaid MasterCard
  • Additional card available
  • One-to-one account management advice to help you manage your spending
  • Manage your account online
  • Must be 18 or older
  • Maximum card balance £5,000
  • £12.50 monthly fee
  • Additional card charged at £5 per month
  • Other charges apply for ATM withdrawals and overseas card usage (see terms and conditions for details)
£4.95£9.95No credit checks**. Prepaid MasterCard. Credit Building facility. More Info >
ClearCash Current Account

  • No credit checks**
  • Choose from Pay Monthly or Pay As You Go options
  • Credit building facility through Credit Builder (Ts&Cs apply, see website for details) 
  • Prepaid MasterCard
  • Up to four additional cardholders can be added to the account
  • Set up Direct Debits, standing orders and bill payments from your account 
  • Get text alerts to help you keep track of your spending 
  • Must be 18 or older to open an account
  • Maximum card balance £5,000
  • £9.95 monthly fee for Pay Monthly option
  • 2.5% transaction fee for Pay As You Go option
  • Additional card charged at £4.95
  • Other charges apply for ATM withdrawals and overseas card usage (see terms and conditions for details)
£4.95£9.95No credit checks.** Up to 20 free payments and standing orders a month. Prepaid MasterCard.More Info >
CashPlus Prepaid MasterCard (Deluxe)  

  • No credit checks**
  • Make up to 20 free payments and standing orders a month
  • Prepaid MasterCard
  • Earn CashBack rewards as you spend
  • Free UK cash withdrawals 
  • Can help rebuild your credit rating (see terms and conditions for details) 
  • Must be 18 or older
  • Maximum card balance £5,000
  • £9.95 monthly fee
  • Card issue fee £4.95
  • Additional card charged at £4.95 per month
  • Other charges apply for overseas ATM withdrawals, rejected Direct Debit payments, and overseas card usage (see terms and conditions for details)

**See Terms and Conditions

There are some alternatives to current accounts that people with bad credit may benefit from considering. If you are unable to find a bank that allows you to open a current account, you may want to consider the other options shown in the table below. Remember to shop around and consider all of your options before making your final decision. Some of the advantage of a bad credit current account can include:

 

  • No credit checks - open to most UK residents aged 18 and over
  • Set up direct debits and standing orders
  • No overdraft means no unexpected charges
  • Use your prepaid card like a normal debit or credit card to withdraw cash or make online purchases
  • Get your wages paid directly into the account
  • 24/7 online account management
  • An account manager to help you keep track of your spending and improve your credit rating