How To Get A No Credit Check Bank Account

26 Sep

Many people can get in trouble with their banks and get overdrafts which lead to getting their bank account closed. When this happens, the bank gives the customer a default notice and he or she is backlisted for six years. It can be hard to get a loan without having access to a bank account. This leads to searching the web for a no credit check bank account.

Many UK payday loan companies will approve applications for customers without a bank account or a credit check. Some people need quick money and not having a bank account can be a setback. A no credit check bank account is available for many short term loans. The process is easy and just takes submitting an online application. The loan limit for a short term loan without a bank account is from £50 to £1500.

The loan is short term and needs to be paid back within 7 to 31 days. If you are unable to repay the loan within the allotted time, then you will need to make arrangements with the company. There is the possibility of having access to the money within 24 hours which is great news for someone who needs money for an emergency. One of the ways to receive the money is by wire transfer for no bad credit current accounts. Another option is asking a friend or relative to allow the money to be deposit in their account.

If you are going to apply for a payday loan, then you want to deal with reputable companies. You are giving access to your personal information and people can use it for identity theft. It helps to read reviews on the company to hear about other customers experiences with the company. There are dozens of lenders in the UK payday industry and it can be hard finding the right lender. Here are the top companies: Micro Land, Payday Bank, Wonga, Now!Payday, Tooth Fairy Finance, Cash Genie, Safe Loans, LTD and Mr. Lender.

There are different reasons why people borrow money. However, if you are thinking about getting a no credit check bank account, then you shouldn’t take the maximum amount because it is available.

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