Best basic bank accounts 2024
What is a basic bank account?
Basic bank accounts are designed for people who don't qualify for other types of current account because they have a poor credit history.
These accounts offer basic and fee-free facilities for receiving money and settling bills, without overdraft facilities.
They can be a lifeline for people who have faced financial difficulties in the past, but because they're not as profitable as other accounts, banks and building societies haven't done a good job of advertising them.
Best basic bank accounts
We've ranked the best basic current accounts by bank customer satisfaction, as voted by the general public.
eco buy Nationwide Building Society FlexBasic | 78% | 18 | £500 | Branch, internet, app, phone, post, Post Office |
Halifax Basic Account | 74% | 18 | £500 | Branch, internet, app, phone, post, Post Office |
Barclays Bank Basic Account | 74% | 18 | £500 | Branch, internet, app, post, Post Office |
eco buy The Co-operative Bank Cashminder | 73% | 16 | £250 | Branch, internet, app, phone, post, Post Office |
Bank of Scotland Basic Account | 72% | 18 | £500 | Branch, internet, app, phone, post, Post Office |
Metro Bank Cash Account | 72% | 11 | £300 | Branch, internet |
Lloyds Bank Basic Account | 72% | 18 | £500 | Branch, internet, app, phone, post, Post Office |
Table note: Data correct as of October 2023. Customer score: Our rating for customer satisfaction, based on feedback from real customers. The score is made up of a customer's overall satisfaction with the brand, and how likely they are to recommend that brand to a friend. We surveyed 4,550 members of the general public in August 2023. Our full table includes scores and star ratings for all banks.
Why should you get a basic bank account?
New basic bank accounts have a suite of features that make them attractive to people who have a poor credit history, or have struggled with debit in the past. These include:
- no fees for failed payments
- no overdraft facilities
- a debit card to withdraw cash and make payments in stores and online
- the ability to set up standing orders – all the banks in our table also let you set up direct debits except Metro Bank's Cash Account
- the ability to deposit money and withdraw cash at any Post Office or bank branch counter, on the same terms as other personal current account customers.
Banks will review their basic accounts and might move you onto a more appropriate current account if your financial circumstances change (they must give at least two months' written notice).