Basic Bank Account
The Prepaid Bank Account is a type of basic bank account, designed to help those on a low income or with poor credit histories (for example, defaults, CCJ’s or Bankrupts) who are usually unable to open a standard bank account.
Basic bank accounts are an attractive option for people who feel that they need to manage their money more effectively, as they generally do not provide the facility to go overdrawn .
The Prepaid Bank Account is a simple, straightforward basic bank account, offering the same functionality that you may expect from a regular current account, including:
- No credit checks - you're guaranteed to be accepted, subject to satisfactory identity checks
- Never go overdrawn again – manage your finances and know exactly where you stand
- No bank charges for bounced direct debits
- The facility to manage your account via our automated telephone service and online banking
- Flat fees – our charges are clear and transparent
- Chip & PIN prepaid card to use at over 28 million retail outlets, any cash machine displaying the MasterCard® logo and for shopping online
- Pay cash into your Prepaid Bank Account at over 20,000 participating Payzone outlets – cash paid in up until 10.00pm will, in the majority of cases, be credited to your account the next day – even if it’s a weekend or Bank Holiday
- Pay cash or cheques into your Prepaid Bank Account over the counter at any branch of Barclays Bank
- Additional prepaid cards available for your family – transfer money from your current account onto additional cards in one-off or regular transactions (fee applies - see our Account Fees page)
- Based and operated in the UK
- Hassle free transfer of direct debits and standing orders
- Authorised and regulated by the Financial Services Authority. Member of the Financial Services Compenstion Scheme
With the Prepaid Bank Account you’ll never go overdrawn again – and the flat fees mean that you won’t be faced with any more unexpected bank charges – you’ll know exactly where you stand each month.
You can apply for this basic bank account online today. There are no credit checks and you’re guaranteed acceptance, subject to identification checks which, in most cases, can be verified online. Or call our Telephone Banking team on 08451 117 111. We are here between 8.30am - 7.00pm Monday to Friday and 9.00am to 1.00pm on Saturdays.
