In this modern time having a bank account is key as it lets you get access to certain financial services, but this will not be the same way for everyone as some people have a very poor credit score and this will stop them from getting the advantage of that particular service. By means of bad credit bank accounts is how people open an account at the bank of the United Kingdom.
This is for persons who do not qualify for the regular bank account but still needs the service they open one of these. With this particular option people with any kind of bad credit can get to open one of these types of accounts, but in many ways this account is the same as traditional accounts in terms of all the services that are linked with a normal bank account.
You also have the option of using the ATM machine and also shopping with your personal debit card. And here are some services which are not linked with the account:
1. You cannot use a check for any purpose.
2. If the credit in the account is low you cannot use your debit card to make any purchases.
3. There might also be a monthly fee in maintaining your account.
4. An activation fee is also required and it is like a kind of security for the bank.
So basically the terms of bad credit accounts may vary depending on the bank, this is because every bank is different and carries their own terms and some also help you in managing your money.