How much do you know about basic bank accounts?

Those with a poor credit score can struggle to find a bank which will offer them an account. The solution is to open a BASIC bank account (operated by many banks) and as the name suggests, these accounts offer a place for you to store your money and pay bills from, though they don’t come with overdrafts, or many of the perks that standard bank accounts offer. Nevertheless they can be a useful way for you to do your banking until you can improve your credit rating.

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