Why open a basic bank account?

A basic bank account will allow you to receive money and pay bills. Having a bank account give you the opportunity to:
· Get discounts on household bills when you pay by Direct Debit
· Pay in and cash cheques free of charge
· Pay in a salary and get money out free of charge
· Withdraw cash at cash machines (usually free of charge, but some cash machines do make charges)

How and where can you open a basic bank account?

To find out the details of all the banks and building societies that offer basic bank accounts please visit the UK’s financial watchdog side (FSA) http://www.moneymadeclear.fsa.gov.uk/pdfs/bank_accounts.pdf

Get the facts about basic bank accounts by visiting http://www.nowletstalkmoney.com/gb/en/accountbenefits.htm or visit http://www.moneymadeclear.fsa.gov.uk/pdfs/bank_accounts.pdf