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Here's a selection of our most frequently asked questions about bank accounts for bad credit.
Knowing exactly how much money is in your account can be difficult - unless you write down absolutely everything you spend and earn.
So to find out your balance, you should head to a cash machine and press the button corresponding to 'balance' when prompted to on the screen. Alternatively, if your account is operated online, you should log in to your account and check your balance that way.
With a bank account for bad credit, you can't actually go overdrawn by more than a small amount (often around £10), and many accounts don't allow you to go overdrawn at all.
If you discover that there isn't enough money left in your account to make the payment, you should let your bank know immediately (as well as the company expecting your payment) - you may be able to simply delay the payment until you have sufficient funds.
To help you afford small unexpected costs, some bank accounts for bad credit will have a 'cushion' or 'buffer zone' that will let you withdraw a small amount more than you actually have in your account. For example, if you only had £8 in your account, and you needed to withdraw £10, some accounts will let you do this.
However, please note that not all bank accounts for bad credit have this facility.
You can, though, if you need the money, withdraw the exact amount you have in your account over the counter at your bank.
Yes you can. However, because the law requires banks to identify all new customers, you will need to prove your identity. This is to prevent fraud and other criminal activities such as money laundering.
Common documents people use to prove their identity include passports, driving licences, a recent letter proving their name and address, etc.