Compare Basic Bank Accounts

If you have bad credit or having trouble setting up a bank account, a Basic Bank Account could be exactly what you need, compare different accounts below.

Compare Accounts

How can we help you?

So Smart Money are specialists when it comes to mortgage and insurance. We have access to the UK’s leading brokers and using their knowledge and skills they'll place you with the most suitable lender and product for your needs.

Speak to an expert for mortgage advice, life insurance cover, to protect your income, insurance your home or contents and private medical cover.

trust pilot

"Matthew at So Smart found me the best deal for my first Mortgage, he was extremely helpful! I would highly recommend this company!"

"I've been looking to switch mortgages recently to secure a better rate and the guys at So Smart Money helped me do just that."

"My mortgage enquiry was dealt with swiftly and professionally. I would highly recommend So Smart Money to others."

"I've used sosmartmoney a couple of times now, I checked my old mortgage with them and it encouraged me to get a better deal."


Winner of AI Finance awards 2015 for:
Best personal finance comparison site &
Best online price comparison platform

Our trusted brands

view more
BHI.gif HEC.gif aqua.jpg YBS.gif BLH.gif ovo_energy.jpg chorley_building_society.jpg
amigo.gif the_mansfield_building_society.jpg CAM.gif CTS.gif tesco.jpg TBS.gif YBS.gif healthonline.jpg WBB.gif fundingcircle.gif BSA.gif fidelity.gif MET.gif VBS.gif SBS.gif BLH.gif BBS.gif ageas.jpg NAP.gif CNW.gif CLY.gif NBS.gif BNR.gif BNC.gif BPR.gif rsa.jpg virgin.gif BHI.gif m&s.gif BLF.gif bath_building_society.jpg BNT.gif HEC.gif americanexpress.jpg ovo_energy.jpg saga.jpg ACC.gif aqua.jpg BME.gif CTE.gif aegon.gif chorley_building_society.jpg sky.jpg BBV.gif plusnet.jpg scottish_building_society.jpg fluid.jpg zopa.jpg o2.jpg eon.gif scottish_power.jpg TIP.gif ULS.gif sainsburys.gif HSB.gif BHX.gif clydesdale_bank.jpg securetrust.gif carloans4u.jpg FID.gif market_harborough_building_society.jpg POS.gif BOI.gif uk-general.jpg axa.jpg barclaycard.gif bt.jpg RBS.gif BFU.gif CAN.gif BCH.gif TSB.gif FAM.gif BNW.gif TCO.gif BMO.gif capitalone.gif progressive_building_society.jpg npower.gif LEE.gif sse.jpg ipswich_building_society.jpg BDA.gif vanquis.jpg lv.gif BWO.gif BAA.gif

Search from a wide range of banks

  • Compare current accounts online
  • Earn interest with your current account
  • Get additional benefits

Benefits of a Basic Bank Account

Basic bank accounts are a relatively new banking option that was made available by the government for people who have bad credit or have refused a standard current account.

The creation of the basic bank account came so that anyone will be able to store there money and set up a direct debit from that account to make sure they can pay bills and other items. Being able to pay by direct debit will allow people to get better deals from there utilities provider so getting a basic bank account can save you the money in the long term.

Compare Accounts

Negatives of a Basic Bank Account

A basic bank account has some limitations because it is what it says on the tin, basic. Whilst you are able to pay direct debits you will not be able to benefit from features you would receive with a standard current account such as an overdraft and interest rates. Some of the providers who offer a basic bank account also may charge a small monthly fee for the service so be aware of these charges when signing up for a basic bank account.

Compare Accounts

  • How do SoSmart Money make their money?
  • Which products can I compare with SoSmart Money?
  • Who are SoSmart Money?
  • Will I be contacted by other companies?

latest news View All News

Sign up to our newsletter