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It is common knowledge that if you have filed for bankruptcy before or if you have had a history of bad credit, it may prove difficult for you to find banks which offer you current bank accounts. With most banks, the customer will find that his application for standard bank accounts for bankrupts would be turned down by the bank because of his credit history. The best choice for you in this case would be to use a basic bank account. What are Basic bank accounts? Initially, basic bank accounts were created so that middle class families could experience the comfort of banking facilities. They offer a very limited range of banking services and stand out as the primary choice as bank accounts for bankrupts. The basic bank account allows the individual to make deposits and withdrawals from their bank accounts by using direct debits or cash cards to make withdrawals. They do not come with overdrafts or credit facilities. Most banks will be unlikely to give the customers a debit card or a cheque-book. Compare Bank accounts If you are thinking of getting a basic bank account, it is your best bet to compare bank accounts so that you weigh them against each other to arrive at a conclusion. Some banks may restrict the way deposits and withdrawals are made, so it is imperative that you compare bank account information to ensure that they offer a certain degree of flexibility. The rate of interest varies from bank to bank, and it’s important that you check out different annual rates of interest to ensure that you get the maximum returns on your account. Some banks require you to pay a small amount of fees for you to open an account with them; it is also important for you to consider rewards and benefits that the bank provides its customers. For More Information about bank account comparison please visit our website at http://www.comparebankaccount.co.uk/
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