"Basic Bank Account"
Basic bank accounts are getting more and more popular because they are open to everyone, whatever their credit history.
• Santander’s Everyday Current Account is a simple and straightforward bank account that helps managing your money easy and convenient.
• 0% EAR (variable) Overdraft rate. No daily arranged overdraft fees for the first 4 months when you switch. After 4 months the daily arranged overdraft fee is 50p per day capped at 20 days each monthly statement period.
• Easy access to your account 24 hours a day with our internet and phone banking service. Plus you have access to over 1,300 Santander branches.
Basic Bank Account 101
Basic bank accounts are available to anyone – you do not have to be on the electoral role to qualify. They suit people who cannot qualify for a standard account, perhaps because they have been bankrupt and have a bad credit score.
They are also a good starter account for anyone who has never used a current account to pay their bills before and doesn’t want the temptation of an overdraft, or who perhaps has only recently moved to the country.
