Bankruptcy Bank Accounts- Enjoy all Facilities of Banking
Bankruptcy was considered a taboo in the society in the recent past
, but is no more these days. Now, more and more bankrupts or those who have been bankrupt are able to open a bank account. Unlike the traditional bank accounts offered by the high street banks, they are also able to enjoy full banking services not normally offered to bankrupt people.
Facilities on Bankruptcy Bank Accounts
The traditional banks will always credit check an individual to open one of their bank accounts. They are reluctant to open the account without doing this in case of bankruptcy or a poor credit rating. The basic bank accounts they may offer for the bankrupts or those with a poor credit rating are furnished with the only basic functionality like the withdrawing and deposit of the money in the branch of the account itself. Whereas the numerous bankruptcy bank accounts available offer almost a full banking service with every bank account offered like your own account number and sort code and a MasterCard card is issued with the accounts that can be used anywhere in the world that displays the MasterCard sign. Other features include a UK call centre with your own money manager to help set up your direct debits (DDs) or standing orders, a full SMS service to check balances and amends any regular payments, Internet access 24/7 plus much more
Eligibility Criteria for Opening the Bank Account
In every case the applicant must be over 18 years of age, and he/she should have a valid address so that they can be identified. As there are no credit checks anyone can apply for one of these bank accounts, including those with an adverse credit rating, a poor credit history or even those who are or have been bankrupt. The main specialty of such kinds of accounts is that they are opened without the need of a credit check and only proof of identity is required.
Bankruptcy Bank Accounts- Enjoy all Facilities of Banking