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."

awards

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

Our trusted brands

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

FAQs
  • 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