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Agenda:
Welfare reform, poverty and inequality
Third Sector Support:
Policy & legislation
Location:
Glasgow, Scotland, UK

12 High Street banks and building societies are now offering Fee-Free Bank Accounts.

banking_finance_msc1These accounts are available to anyone who doesn’t have a bank account, doesn’t qualify for a standard current account and those who can’t use their existing bank account because of financial difficulties.

The accounts are completely free and there is no charge if a Direct Debit or Standing Order fails, customers can access their money in the usual way, through ATMs or at a branch, but they won’t have access to an overdraft or cheque book.

In order to open an account you will have to have identification such as a passport or letter from the Department for Work & Pension and a letter with your address on it, like a Gas Bill or Council Tax Bill.

The Banks and Building Societies now offering Fee Free Bank Accounts and the name of the account is listed below. Please remember to read the terms and conditions attached to the account to make sure it’s right for you. 

Bank/Building Society

Bank or Building Society Account Name
  • Barclays
Basic Current Account
  • Santander
Basic Current Account
  • NatWest
Foundation Account
  • Royal Bank of Scotland
Foundation Account
  • HSBC
Basic Bank Account
  • Nationwide
FlexBasic
  • Co-operative Bank
Cashminder
  • Halifax/Bank of Scotland/Lloyds
Basic Account
  • TSB
Cash Account
  • Yorkshire Bank/Clydesdale Bank
Readycash Account

 


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