{"id":544847,"date":"2024-10-04T13:06:28","date_gmt":"2024-10-04T12:06:28","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=544847"},"modified":"2026-04-01T14:01:33","modified_gmt":"2026-04-01T13:01:33","slug":"opening-a-bank-account-with-an-iva","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/current-accounts\/opening-a-bank-account-with-an-iva","title":{"rendered":"Opening a bank account with an IVA"},"content":{"rendered":"<p>An individual voluntary arrangement (IVA) is a legally binding agreement between you and your creditors to pay back your debts over a set time. <\/p><p>Having an IVA can have <a href=\"https:\/\/www.finder.com\/uk\/credit-score\/iva-credit-score\">a negative impact on your credit score<\/a> which means there will be restrictions on the type of bank account you can apply for. This guide is for those looking for a consumer current account; we have a separate guide on opening a <a href=\"https:\/\/www.finder.com\/uk\/business-banking\/opening-a-business-bank-account-with-an-iva\">business bank account after an IVA<\/a>.<\/p><h3>Bank and e-money accounts you can open with an IVA<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n                \n    \n\n\n\n\n\n\n\n\n\n\n\n\n\n<style>\n.best-hero .hotstats .product_infobox tr { display: flex; flex-direction: column; flex-basis: 0; flex-grow: 1; }\n.best-hero .hotstats .product_infobox th { border-bottom: 0px; width: 100%; padding-left: 0px; padding-bottom: 4px; font-size: 14px; }\n.best-hero .hotstats .product_infobox td { border-bottom: 0px; width: 100%; padding-left: 0px; padding-top: 0px;  }\n.best-hero .hotstats .product_infobox td svg.luna-icon--medium { height: 24px; width: 24px; }\n.best-hero .luna-button--success { white-space: normal; line-height: 1.2; }\n@media only screen and (max-width: 600px) {\n.best-hero .hotstats .product_infobox tbody { display: flex; }\n.best-hero .hotstats .product_infobox th { text-align: center; line-height: 16px !important; padding-left: 3px; padding-right: 3px; }\n.best-hero .hotstats .product_infobox td { flex-grow: 1; align-content: center; text-align: center; line-height: 20px !important; padding-left: 3px; padding-right: 3px;  }\n.best-hero .hotstats .product_infobox tr:first-of-type td, .best-hero .hotstats .product_infobox tr:first-of-type th { padding-left: 0px !important; }\n.best-hero .hotstats .product_infobox tr:last-of-type td, .best-hero .hotstats .product_infobox tr:last-of-type th { padding-right: 0px !important; }\n}\n<\/style><div class=\"best-hero\" id=\"best-hero-0e1b011e99ac4d7283d094c3433afbc2\"><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block no-padding-top no-padding-right no-padding-bottom no-padding-left\"><div class=\"u-grid u-grid--gutterCollapse\"><div class=\"u-grid__col u-3\/4@m u-2\/3@s\"><div class=\"has-padding-small\"><div class=\"u-grid u-grid--alignMiddle has-padding-bottom-xsmall\"><div class=\"u-grid__col u-1\/3 u-1\/4@m u-1\/5@l\"><img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/66ed2c547ad3d.png\" width=\"140\" height=\"88\" alt=\"Revolut Standard\" srcset=\"https:\/\/www.finder.com\/niche-builder\/66ed2c547ad3d.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/66ed2c547ad3d.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/66ed2c547ad3d.png?fit=420 420w\" sizes=\"(max-width: 420px) 28vw, 420px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-3\/4@m u-2\/3\"><p class=\"no-margin-bottom u-font--bold\" style=\"font-size: 22px; line-height: 27px;\">\nRevolut Standard<\/p><span class=\"alignleft\" style=\"font-weight: 1000; color:#000; font-size: 1.6em;\"><span class=\"scoreCombined score__container finder-score\" style=\"justify-content: center;\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.9<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great persist\" style=\"display: flex;\">\nGreat\n<\/span><\/span><\/span><\/div><\/div><div class=\"is-hidden@s has-margin-bottom-small hotstats\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div>\n\n<a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/savings-accounts\/revolutstandard-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22UKFSA-CUR%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%2Bluna-button--fluid%2Bhas-margin-top-xsmall%2Bhas-margin-bottom-xsmall%22%2C%22offer_id%22%3A%2221270%22%2C%22niche_code%22%3A%22UKFSA-CUR%22%2C%22product_id%22%3A%220e1b011e-99ac-4d72-83d0-94c3433afbc2%22%2C%22product_name%22%3A%22Revolut%2BStandard%22%2C%22provider_id%22%3A%229a6f2149-3d31-4773-afb0-5e54d6ddac12%22%2C%22provider_name%22%3A%22Revolut%22%2C%22post_id%22%3A%22544847%22%2C%22post_path%22%3A%22current-accounts%252Fopening-a-bank-account-with-an-iva%22%2C%22post_country%22%3A%22uk%22%2C%22partial%22%3A%7B%22id%22%3A543031%2C%22name%22%3A%22ukfin_best_hero%22%2C%22country%22%3A%22uk%22%7D%7D\" class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall has-margin-bottom-xsmall\">Go to site<\/a>\n    \n<a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid has-margin-top-xsmall has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/uk\/current-accounts\/revolut-review\">Read review<\/a><\/div><p>It\u2019s quick and easy to open an account with Revolut and you won\u2019t need to undergo a full credit check as there\u2019s no overdraft facility. Instead, if a purchase exceeds the amount in your account, it should be declined. Or if your balance falls below zero, you will be notified and given up to 7 business days to add money. You\u2019ll have 5 pricing plans to choose from, one of which has no monthly fee. With this account, you can easily send money abroad, as well as withdraw up to \u00a3200 per month without charge. Paid-for accounts offer more features, but may be less suitable while you\u2019re getting your finances back on track.<\/p>\n\n\n\n\n\n  <ul class=\"luna-accordionGroup accordionGroup\">    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Pros and cons<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Pros<\/p><ul class=\"list-4\"><li>Low overseas fees<\/li><li>Quick sign-up<\/li><li>Earn cashback on spending<\/li><li>Set budgets for financial goals<\/li><li>Virtual cards for online purchases<\/li><li>Easy to transfer money internationally<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Cons<\/p><ul class=\"list-13\"><li>1% currency conversion charge on weekend spending abroad<\/li><li>Free cash withdrawals in the UK and abroad both limited to \u00a3200 per month<\/li><li>Cannot deposit cash or cheques into the account<\/li><li>Charged a fee to receive your bank card<\/li><\/ul><\/div><\/div>    <\/div>\n  <\/div>\n<\/li>    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">More details<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage\" class=\"UKFSA-CUR bestpage \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Switch service guarantee<\/th><td class=\"i_infobox_data product_infobox_data\">No<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Overseas card transactions<\/th><td class=\"i_infobox_data product_infobox_data\">0% <span class=\"table-popover\" rel=\"popover\" data-content=\"There is no charge for debit card transactions in foreign currency outside the UK.\" title=\"More info\" data-original-title=\"\" tabindex=\"0\"><\/span><\/td><\/tr><\/tbody><\/table><\/div>    <\/div>\n  <\/div>\n<\/li>  <\/ul>\n\n\n\n<\/div><\/div><div class=\"u-grid__col u-1\/4@m u-1\/3@s box no-margin-bottom is-hidden is-visible@s\"><div class=\"has-padding-small\"><div class=\"hotstats has-margin-bottom-small\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div><\/div>\n<a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/savings-accounts\/revolutstandard-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22UKFSA-CUR%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%2Bluna-button--fluid%2Bhas-margin-bottom-xsmall%22%2C%22offer_id%22%3A%2221270%22%2C%22niche_code%22%3A%22UKFSA-CUR%22%2C%22product_id%22%3A%220e1b011e-99ac-4d72-83d0-94c3433afbc2%22%2C%22product_name%22%3A%22Revolut%2BStandard%22%2C%22provider_id%22%3A%229a6f2149-3d31-4773-afb0-5e54d6ddac12%22%2C%22provider_name%22%3A%22Revolut%22%2C%22post_id%22%3A%22544847%22%2C%22post_path%22%3A%22current-accounts%252Fopening-a-bank-account-with-an-iva%22%2C%22post_country%22%3A%22uk%22%2C%22partial%22%3A%7B%22id%22%3A543031%2C%22name%22%3A%22ukfin_best_hero%22%2C%22country%22%3A%22uk%22%7D%7D\" class=\"luna-button luna-button--success luna-button--fluid has-margin-bottom-xsmall\">Go to site<\/a>\n<a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/uk\/current-accounts\/revolut-review\">Read review<\/a><\/div><\/div><\/div><\/div><\/article><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n                \n    \n\n\n\n\n\n\n\n\n\n\n\n\n\n<style>\n.best-hero .hotstats .product_infobox tr { display: flex; flex-direction: column; flex-basis: 0; flex-grow: 1; }\n.best-hero .hotstats .product_infobox th { border-bottom: 0px; width: 100%; padding-left: 0px; padding-bottom: 4px; font-size: 14px; }\n.best-hero .hotstats .product_infobox td { border-bottom: 0px; width: 100%; padding-left: 0px; padding-top: 0px;  }\n.best-hero .hotstats .product_infobox td svg.luna-icon--medium { height: 24px; width: 24px; }\n.best-hero .luna-button--success { white-space: normal; line-height: 1.2; }\n@media only screen and (max-width: 600px) {\n.best-hero .hotstats .product_infobox tbody { display: flex; }\n.best-hero .hotstats .product_infobox th { text-align: center; line-height: 16px !important; padding-left: 3px; padding-right: 3px; }\n.best-hero .hotstats .product_infobox td { flex-grow: 1; align-content: center; text-align: center; line-height: 20px !important; padding-left: 3px; padding-right: 3px;  }\n.best-hero .hotstats .product_infobox tr:first-of-type td, .best-hero .hotstats .product_infobox tr:first-of-type th { padding-left: 0px !important; }\n.best-hero .hotstats .product_infobox tr:last-of-type td, .best-hero .hotstats .product_infobox tr:last-of-type th { padding-right: 0px !important; }\n}\n<\/style><div class=\"best-hero\" id=\"best-hero-5be67640ad1c47c1a0e73c44987b4ea2\"><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block no-padding-top no-padding-right no-padding-bottom no-padding-left\"><div class=\"u-grid u-grid--gutterCollapse\"><div class=\"u-grid__col u-3\/4@m u-2\/3@s\"><div class=\"has-padding-small\"><div class=\"u-grid u-grid--alignMiddle has-padding-bottom-xsmall\"><div class=\"u-grid__col u-1\/3 u-1\/4@m u-1\/5@l\"><img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/65a12ec2be3f4.png\" width=\"140\" height=\"88\" alt=\"Monzo Current Account\" srcset=\"https:\/\/www.finder.com\/niche-builder\/65a12ec2be3f4.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/65a12ec2be3f4.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/65a12ec2be3f4.png?fit=420 420w\" sizes=\"(max-width: 420px) 28vw, 420px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-3\/4@m u-2\/3\"><p class=\"no-margin-bottom u-font--bold\" style=\"font-size: 22px; line-height: 27px;\">\nMonzo Current Account<\/p><span class=\"alignleft\" style=\"font-weight: 1000; color:#000; font-size: 1.6em;\"><span class=\"scoreCombined score__container finder-score\" style=\"justify-content: center;\"><span class=\"score__badge score__badge--excellent\"><span class=\"score__value\">9.3<\/span><\/span><span class=\"score__text-wrapper score__text score__text--excellent persist\" style=\"display: flex;\">\nExcellent\n<\/span><\/span><\/span><\/div><\/div><div class=\"is-hidden@s has-margin-bottom-small hotstats\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div>\n\n<a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/savings-accounts\/monzo-free-account-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22UKFSA-CUR%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%2Bluna-button--fluid%2Bhas-margin-top-xsmall%2Bhas-margin-bottom-xsmall%22%2C%22offer_id%22%3A%2225676%22%2C%22niche_code%22%3A%22UKFSA-CUR%22%2C%22product_id%22%3A%225be67640-ad1c-47c1-a0e7-3c44987b4ea2%22%2C%22product_name%22%3A%22Monzo%2BCurrent%2BAccount%22%2C%22provider_id%22%3A%22d6e38f30-245c-4f36-8654-5f6a652c1ddd%22%2C%22provider_name%22%3A%22Monzo%22%2C%22post_id%22%3A%22544847%22%2C%22post_path%22%3A%22current-accounts%252Fopening-a-bank-account-with-an-iva%22%2C%22post_country%22%3A%22uk%22%2C%22partial%22%3A%7B%22id%22%3A543031%2C%22name%22%3A%22ukfin_best_hero%22%2C%22country%22%3A%22uk%22%7D%7D\" class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall has-margin-bottom-xsmall\">Go to site<\/a>\n    \n<a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid has-margin-top-xsmall has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/uk\/current-accounts\/monzo-review\">Read review<\/a><\/div><p>You can open a bank account with Monzo without requiring a full credit check, making it a good option for those with bad credit. There are 4 different Monzo pricing structures to choose from, so you can pick the one that best suits you. To sign up for an account, you will need to download the app, provide your personal details and verify your identity by taking a video of yourself and a picture of your ID, but no proof of address will be required. The account allows users to set spending budgets by category, establish savings pots, divvy up their salary into spending, savings and bills, and benefit from fee-free transactions abroad.<\/p><p>Representative example: If you use an arranged overdraft of \u00a31,200, you'll be charged interest at 39% EAR variable.<\/p>\n\n\n  <ul class=\"luna-accordionGroup accordionGroup\">    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Pros and cons<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Pros<\/p><ul class=\"list-4\"><li>Easy to set up<\/li><li>Good for budgeting and categorising spending<\/li><li>Automatic saving feature<\/li><li>Fee-free spending abroad<\/li><li>Slick app with face login<\/li><li>Overdrafts and loans available<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Cons<\/p><ul class=\"list-13\"><li>Free ATM withdrawals outside the EEA limited to \u00a3200,<\/li><li>\u00a31 fee for depositing cash at PayPoints, <\/li><li>Maximum cash deposit of \u00a31,000 every 6 months<\/li><li>No rewards program<\/li><\/ul><\/div><\/div>    <\/div>\n  <\/div>\n<\/li>    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">More details<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage\" class=\"UKFSA-CUR bestpage \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Switch service guarantee<\/th><td class=\"i_infobox_data product_infobox_data\">Yes<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Overseas card transactions<\/th><td class=\"i_infobox_data product_infobox_data\">0% <span class=\"table-popover\" rel=\"popover\" data-content=\"There is no charge for debit card transactions in foreign currency outside the UK.\" title=\"More info\" data-original-title=\"\" tabindex=\"0\"><\/span><\/td><\/tr><\/tbody><\/table><\/div>    <\/div>\n  <\/div>\n<\/li>  <\/ul>\n\n\n\n<\/div><\/div><div class=\"u-grid__col u-1\/4@m u-1\/3@s box no-margin-bottom is-hidden is-visible@s\"><div class=\"has-padding-small\"><div class=\"hotstats has-margin-bottom-small\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div><\/div>\n<a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/savings-accounts\/monzo-free-account-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22UKFSA-CUR%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%2Bluna-button--fluid%2Bhas-margin-bottom-xsmall%22%2C%22offer_id%22%3A%2225676%22%2C%22niche_code%22%3A%22UKFSA-CUR%22%2C%22product_id%22%3A%225be67640-ad1c-47c1-a0e7-3c44987b4ea2%22%2C%22product_name%22%3A%22Monzo%2BCurrent%2BAccount%22%2C%22provider_id%22%3A%22d6e38f30-245c-4f36-8654-5f6a652c1ddd%22%2C%22provider_name%22%3A%22Monzo%22%2C%22post_id%22%3A%22544847%22%2C%22post_path%22%3A%22current-accounts%252Fopening-a-bank-account-with-an-iva%22%2C%22post_country%22%3A%22uk%22%2C%22partial%22%3A%7B%22id%22%3A543031%2C%22name%22%3A%22ukfin_best_hero%22%2C%22country%22%3A%22uk%22%7D%7D\" class=\"luna-button luna-button--success luna-button--fluid has-margin-bottom-xsmall\">Go to site<\/a>\n<a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/uk\/current-accounts\/monzo-review\">Read review<\/a><\/div><\/div><\/div><\/div><\/article><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n                \n    \n\n\n\n\n\n\n\n\n\n\n\n\n\n<style>\n.best-hero .hotstats .product_infobox tr { display: flex; flex-direction: column; flex-basis: 0; flex-grow: 1; }\n.best-hero .hotstats .product_infobox th { border-bottom: 0px; width: 100%; padding-left: 0px; padding-bottom: 4px; font-size: 14px; }\n.best-hero .hotstats .product_infobox td { border-bottom: 0px; width: 100%; padding-left: 0px; padding-top: 0px;  }\n.best-hero .hotstats .product_infobox td svg.luna-icon--medium { height: 24px; width: 24px; }\n.best-hero .luna-button--success { white-space: normal; line-height: 1.2; }\n@media only screen and (max-width: 600px) {\n.best-hero .hotstats .product_infobox tbody { display: flex; }\n.best-hero .hotstats .product_infobox th { text-align: center; line-height: 16px !important; padding-left: 3px; padding-right: 3px; }\n.best-hero .hotstats .product_infobox td { flex-grow: 1; align-content: center; text-align: center; line-height: 20px !important; padding-left: 3px; padding-right: 3px;  }\n.best-hero .hotstats .product_infobox tr:first-of-type td, .best-hero .hotstats .product_infobox tr:first-of-type th { padding-left: 0px !important; }\n.best-hero .hotstats .product_infobox tr:last-of-type td, .best-hero .hotstats .product_infobox tr:last-of-type th { padding-right: 0px !important; }\n}\n<\/style><div class=\"best-hero\" id=\"best-hero-b4955ee22df944fa8c63b0cff8078ce0\"><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block no-padding-top no-padding-right no-padding-bottom no-padding-left\"><div class=\"u-grid u-grid--gutterCollapse\"><div class=\"u-grid__col u-3\/4@m u-2\/3@s\"><div class=\"has-padding-small\"><div class=\"u-grid u-grid--alignMiddle has-padding-bottom-xsmall\"><div class=\"u-grid__col u-1\/3 u-1\/4@m u-1\/5@l\"><img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/68caa9cbcd7b2.png\" width=\"140\" height=\"88\" alt=\"Starling Current Account\" srcset=\"https:\/\/www.finder.com\/niche-builder\/68caa9cbcd7b2.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/68caa9cbcd7b2.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/68caa9cbcd7b2.png?fit=420 420w\" sizes=\"(max-width: 420px) 28vw, 420px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-3\/4@m u-2\/3\"><p class=\"no-margin-bottom u-font--bold\" style=\"font-size: 22px; line-height: 27px;\">\nStarling Current Account<\/p><span class=\"alignleft\" style=\"font-weight: 1000; color:#000; font-size: 1.6em;\"><span class=\"scoreCombined score__container finder-score\" style=\"justify-content: center;\"><span class=\"score__badge score__badge--excellent\"><span class=\"score__value\">9.8<\/span><\/span><span class=\"score__text-wrapper score__text score__text--excellent persist\" style=\"display: flex;\">\nExcellent\n<\/span><\/span><\/span><\/div><\/div><div class=\"is-hidden@s has-margin-bottom-small hotstats\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div>\n\n<a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/savings-accounts\/starling-current-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22UKFSA-CUR%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%2Bluna-button--fluid%2Bhas-margin-top-xsmall%2Bhas-margin-bottom-xsmall%22%2C%22offer_id%22%3A%2215691%22%2C%22niche_code%22%3A%22UKFSA-CUR%22%2C%22product_id%22%3A%22b4955ee2-2df9-44fa-8c63-b0cff8078ce0%22%2C%22product_name%22%3A%22Starling%2BCurrent%2BAccount%22%2C%22provider_id%22%3A%22314efc73-4d15-4e77-9098-5db0e6ace1d5%22%2C%22provider_name%22%3A%22Starling%22%2C%22post_id%22%3A%22544847%22%2C%22post_path%22%3A%22current-accounts%252Fopening-a-bank-account-with-an-iva%22%2C%22post_country%22%3A%22uk%22%2C%22partial%22%3A%7B%22id%22%3A543031%2C%22name%22%3A%22ukfin_best_hero%22%2C%22country%22%3A%22uk%22%7D%7D\" class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall has-margin-bottom-xsmall\">Go to site<\/a>\n    \n<a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid has-margin-top-xsmall has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/uk\/current-accounts\/starling-bank-review\">Read review<\/a><\/div><p>Only a soft credit check is carried out when you apply for the Starling account, as long as you\u2019re not applying for an overdraft. All you\u2019ll need to provide are some personal details, a photo of your ID and a selfie video. You can manage the account via the app and there\u2019s no monthly fee to pay. You\u2019ll be able to transfer money with ease, set up different savings spaces to save for different goals, track spending and spend on your card overseas for free. What\u2019s more, you can set money aside from your regular bills, split bills with friends and earn interest on your balance.<\/p><p>Representative example: If you use an arranged overdraft of \u00a31,200, you'll be charged interest at 15% EAR variable.<\/p>\n\n\n  <ul class=\"luna-accordionGroup accordionGroup\">    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000004\" data-toggle=\"collapse\" data-target=\"#accordion0000000004\">\n        <span class=\"luna-accordion__title\">Pros and cons<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000004\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Pros<\/p><ul class=\"list-4\"><li>Split any bill with a tap<\/li><li>24\/7 customer support<\/li><li>Bill manager &amp; instant alerts<\/li><li>Spaces to help manage your money<\/li><li>No charge from Starling for card use abroad<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Cons<\/p><ul class=\"list-13\"><li>No branch network<\/li><li>No interest on your current account balance<\/li><li>Limited product range compared to other banks<\/li><\/ul><\/div><\/div>    <\/div>\n  <\/div>\n<\/li>    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000005\" data-toggle=\"collapse\" data-target=\"#accordion0000000005\">\n        <span class=\"luna-accordion__title\">More details<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000005\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage\" class=\"UKFSA-CUR bestpage \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Switch service guarantee<\/th><td class=\"i_infobox_data product_infobox_data\">Yes<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Overseas card transactions<\/th><td class=\"i_infobox_data product_infobox_data\">0% <span class=\"table-popover\" rel=\"popover\" data-content=\"There is no charge for debit card transactions in foreign currency outside the UK.\" title=\"More info\" data-original-title=\"\" tabindex=\"0\"><\/span><\/td><\/tr><\/tbody><\/table><\/div>    <\/div>\n  <\/div>\n<\/li>  <\/ul>\n\n\n\n<\/div><\/div><div class=\"u-grid__col u-1\/4@m u-1\/3@s box no-margin-bottom is-hidden is-visible@s\"><div class=\"has-padding-small\"><div class=\"hotstats has-margin-bottom-small\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div><\/div>\n<a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/savings-accounts\/starling-current-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22UKFSA-CUR%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%2Bluna-button--fluid%2Bhas-margin-bottom-xsmall%22%2C%22offer_id%22%3A%2215691%22%2C%22niche_code%22%3A%22UKFSA-CUR%22%2C%22product_id%22%3A%22b4955ee2-2df9-44fa-8c63-b0cff8078ce0%22%2C%22product_name%22%3A%22Starling%2BCurrent%2BAccount%22%2C%22provider_id%22%3A%22314efc73-4d15-4e77-9098-5db0e6ace1d5%22%2C%22provider_name%22%3A%22Starling%22%2C%22post_id%22%3A%22544847%22%2C%22post_path%22%3A%22current-accounts%252Fopening-a-bank-account-with-an-iva%22%2C%22post_country%22%3A%22uk%22%2C%22partial%22%3A%7B%22id%22%3A543031%2C%22name%22%3A%22ukfin_best_hero%22%2C%22country%22%3A%22uk%22%7D%7D\" class=\"luna-button luna-button--success luna-button--fluid has-margin-bottom-xsmall\">Go to site<\/a>\n<a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/uk\/current-accounts\/starling-bank-review\">Read review<\/a><\/div><\/div><\/div><\/div><\/article><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n                \n    \n\n\n\n\n\n\n\n\n\n\n\n\n\n<style>\n.best-hero .hotstats .product_infobox tr { display: flex; flex-direction: column; flex-basis: 0; flex-grow: 1; }\n.best-hero .hotstats .product_infobox th { border-bottom: 0px; width: 100%; padding-left: 0px; padding-bottom: 4px; font-size: 14px; }\n.best-hero .hotstats .product_infobox td { border-bottom: 0px; width: 100%; padding-left: 0px; padding-top: 0px;  }\n.best-hero .hotstats .product_infobox td svg.luna-icon--medium { height: 24px; width: 24px; }\n.best-hero .luna-button--success { white-space: normal; line-height: 1.2; }\n@media only screen and (max-width: 600px) {\n.best-hero .hotstats .product_infobox tbody { display: flex; }\n.best-hero .hotstats .product_infobox th { text-align: center; line-height: 16px !important; padding-left: 3px; padding-right: 3px; }\n.best-hero .hotstats .product_infobox td { flex-grow: 1; align-content: center; text-align: center; line-height: 20px !important; padding-left: 3px; padding-right: 3px;  }\n.best-hero .hotstats .product_infobox tr:first-of-type td, .best-hero .hotstats .product_infobox tr:first-of-type th { padding-left: 0px !important; }\n.best-hero .hotstats .product_infobox tr:last-of-type td, .best-hero .hotstats .product_infobox tr:last-of-type th { padding-right: 0px !important; }\n}\n<\/style><div class=\"best-hero\" id=\"best-hero-94a436bdc95e42e3ada8ea351f0c0a45\"><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block no-padding-top no-padding-right no-padding-bottom no-padding-left\"><div class=\"u-grid u-grid--gutterCollapse\"><div class=\"u-grid__col u-3\/4@m u-2\/3@s\"><div class=\"has-padding-small\"><div class=\"u-grid u-grid--alignMiddle has-padding-bottom-xsmall\"><div class=\"u-grid__col u-1\/3 u-1\/4@m u-1\/5@l\"><img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/659be8dded5f0.png\" width=\"140\" height=\"88\" alt=\"Suits Me Essential Current Account\" srcset=\"https:\/\/www.finder.com\/niche-builder\/659be8dded5f0.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/659be8dded5f0.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/659be8dded5f0.png?fit=420 420w\" sizes=\"(max-width: 420px) 28vw, 420px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-3\/4@m u-2\/3\"><p class=\"no-margin-bottom u-font--bold\" style=\"font-size: 22px; line-height: 27px;\">\nSuits Me Essential Current Account<\/p><span class=\"alignleft\" style=\"font-weight: 1000; color:#000; font-size: 1.6em;\"><\/span><\/div><\/div><div class=\"is-hidden@s has-margin-bottom-small hotstats\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30.01<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid has-margin-top-xsmall has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/uk\/digital-banking\/suits-me-card-review\">Read review<\/a><\/div><div class=\"u-color--blue-700 weight-semi-bold u-rounded--sm has-margin-bottom-small\" style=\"font-size: 16px; padding: 0.425em 0.6em 0.5em 0.6em; line-height: 22px; background-color: rgb(240 247 255);\"><svg class=\"luna-icon refreshedMasthead__icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"18\" height=\"18\" preserveaspectratio=\"none\" viewbox=\"0 0 24 24\" style=\"height: 18px; width: 18px; margin-top: 2px;\"><path d=\"M0 0h24v24H0z\" fill=\"none\"><\/path><path d=\"M21.41 11.58l-9-9C12.05 2.22 11.55 2 11 2H4c-1.1 0-2 .9-2 2v7c0 .55.22 1.05.59 1.42l9 9c.36.36.86.58 1.41.58.55 0 1.05-.22 1.41-.59l7-7c.37-.36.59-.86.59-1.41 0-.55-.23-1.06-.59-1.42zM5.5 7C4.67 7 4 6.33 4 5.5S4.67 4 5.5 4 7 4.67 7 5.5 6.33 7 5.5 7z\" fill=\"#002ebf\"><\/path><\/svg> Cashback Rewards.<\/div><p>This is another account that doesn\u2019t involve a credit check when you open the account. All you\u2019ll need is to be at least 18 years old and have a UK address. There are 3 pricing structures to choose from, including a pay as you go account. This has no monthly fee but transaction charges apply - or you can upgrade to a paid-for plan which can be more suitable for everyday banking. You can also benefit from cashback on spending and retailer discounts. Suits Me doesn\u2019t offer any overdraft facilities, but your account comes with a free contactless prepaid debit card and you can manage your account via the app.<\/p>\n\n\n\n\n\n  <ul class=\"luna-accordionGroup accordionGroup\">    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000006\" data-toggle=\"collapse\" data-target=\"#accordion0000000006\">\n        <span class=\"luna-accordion__title\">Pros and cons<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000006\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Pros<\/p><ul class=\"list-4\"><li>Accepts range of ID documents, ideal if you\u2019ve recently moved to the UK<\/li><li>No monthly fee<\/li><li>Comes with a prepaid debit card<\/li><li>No credit check<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><p class=\"u-font--bold\">Cons<\/p><ul class=\"list-13\"><li>One-off activation fee applies<\/li><li>Transaction charges also apply<\/li><\/ul><\/div><\/div>    <\/div>\n  <\/div>\n<\/li>    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000007\" data-toggle=\"collapse\" data-target=\"#accordion0000000007\">\n        <span class=\"luna-accordion__title\">More details<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000007\" data-accordion=\"details\">\n    <div class=\"accordionContent\">    <div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage\" class=\"UKFSA-CUR bestpage \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30.01<\/td><\/tr><tr><th>Minimum operating balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Switch service guarantee<\/th><td class=\"i_infobox_data product_infobox_data\">No<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Overseas card transactions<\/th><td class=\"i_infobox_data product_infobox_data\">Europe: 2% plus flat fee of \u00a3\u00a31<br>Elsewhere: 2%% plus flat fee of \u00a3\u00a31<\/td><\/tr><\/tbody><\/table><\/div>    <\/div>\n  <\/div>\n<\/li>  <\/ul>\n\n\n\n<\/div><\/div><div class=\"u-grid__col u-1\/4@m u-1\/3@s box no-margin-bottom is-hidden is-visible@s\"><div class=\"has-padding-small\"><div class=\"hotstats has-margin-bottom-small\"><div data-category=\"\" data-niche=\"UKFSA-CUR\" data-fieldset=\"bestpage_hotstats\" class=\"UKFSA-CUR bestpage_hotstats \"><table class=\"i_infobox product_infobox\"><tbody><tr><th>Minimum opening balance<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30.01<\/td><\/tr><tr><th>Account fees<\/th><td class=\"i_infobox_data product_infobox_data\">\u00a30<\/td><\/tr><tr><th>Interest (AER)<\/th><td class=\"i_infobox_data product_infobox_data\">0% AER<\/td><\/tr><\/tbody><\/table><\/div><\/div><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/uk\/digital-banking\/suits-me-card-review\">Read review<\/a><\/div><\/div><\/div><\/div><\/article><\/div><h3>Opening a bank account that doesn\u2019t require a credit check<\/h3><p>If you have an IVA and want to open a bank account, one option is to look for an account that doesn\u2019t require a credit check. Fortunately, thanks to the rise of digital-only banks, these accounts are becoming increasingly common. <\/p><p>For example, you could look at accounts with <a href=\"https:\/\/www.finder.com\/uk\/current-accounts\/card-one-money-current-account\">Card One Money<\/a>, <a href=\"https:\/\/www.finder.com\/uk\/digital-banking\/suits-me-card-review\">Suits Me<\/a> or <a href=\"https:\/\/www.finder.com\/uk\/current-accounts\/thinkmoney-review\">thinkmoney<\/a>. Just be aware that they often come with monthly or other fees attached. <\/p><p><a href=\"https:\/\/www.finder.com\/uk\/digital-banking\/challenger-banks-list\">Challenger banks<\/a> such as <a href=\"https:\/\/www.finder.com\/uk\/current-accounts\/starling-bank-review\">Starling<\/a> and <a href=\"https:\/\/www.finder.com\/uk\/current-accounts\/monzo-review\">Monzo<\/a> also offer accounts with no hard credit check, as long as you\u2019re not applying for an overdraft, and these don\u2019t always charge monthly fees. <\/p><p>These accounts are typically quick and easy to open via the provider\u2019s app, and your account can often be up and running the same day. Just keep in mind that this also means you won\u2019t have a bank branch to pop into and not all accounts let you deposit cash.<\/p><p>But on the plus side, some accounts come with added perks such as fee-free spending abroad or interest on your balance. So be sure to compare them carefully, looking at fees, rewards, access, and eligibility requirements. <\/p><p>You can also find out more in <a href=\"https:\/\/www.finder.com\/uk\/current-accounts\/bank-accounts-for-bad-credit\">our guide to bank accounts for bad credit<\/a>. <\/p><h3>Opening a basic bank account from a high street bank<\/h3><p>Another option is to open <a href=\"https:\/\/www.finder.com\/uk\/current-accounts\/basic-bank-accounts\">a basic bank account<\/a> with a high street bank. Some banks will carry out a credit check as part of the application process, but this is mainly to verify your identity. <\/p><p>Basic bank accounts are tailored towards those with poor credit, so you have a better chance of getting accepted. What\u2019s more, you\u2019ll be able to pop into your local bank branch if you don\u2019t want to always bank online.<\/p><p>However, as their name suggests, these bank accounts are basic day-to-day accounts. This means there will be no perks or benefits with your account and you won\u2019t have an overdraft either. <\/p><h3>How an IVA can impact getting a bank account<\/h3><p>Having an IVA indicates you\u2019ve had problems managing your money in the past. This can make providers more reluctant to let you open a bank account \u2013 and you\u2019re certainly not likely to get an overdraft. As a result, you\u2019ll have less flexibility when it comes to the type of bank account you can open.<\/p><p>But the good news is there are still plenty of options to explore with both high street banks and digital-only providers.  <\/p><h3>Alternative options<\/h3><p>As well as the accounts we\u2019ve mentioned above, you could consider applying for <a href=\"https:\/\/www.finder.com\/uk\/prepaid-cards\">a prepaid card<\/a>. No credit checks are carried out, so you don\u2019t need to worry about having poor credit. <\/p><p>Prepaid cards let you load cash onto your card in advance, and you can then only spend what\u2019s on it, making these cards ideal for budgeting purposes. Some cards also have built-in credit building features, whereby the provider effectively lends you a year\u2019s worth of monthly fees. You then repay this over 12 months and by making your payments on time and in full, your credit score starts to go up.<\/p><h3>How to manage your existing bank account<\/h3><p>If you have an IVA, you\u2019ll probably be advised to open a new bank account if you have a debt, such as an overdraft or a credit card, with your existing bank account provider that\u2019s included in your IVA. If you don\u2019t do this, your bank could freeze your account or take funds from it to pay off your debts.<\/p><p>This also applies if you have debts with any providers in the same banking group \u2013 for example, if you have a debt with HSBC and a bank account with First Direct.<\/p><p>If your existing bank account isn\u2019t linked to any of your creditors, you don\u2019t have to switch bank accounts. But it\u2019s best to stay out of your overdraft if you have one, and make sure you pay any bills on time. If your account has any budgeting features, be sure to make use of them to help you stay on track and meet the terms of your IVA.<\/p><h3>Bottom line<\/h3><p>If you have an IVA and need to open a new bank account, you won\u2019t have as much choice as someone with good credit. However, it\u2019s worth comparing accounts with both challenger banks and high street banks to see what works best for you. Remember to consider factors such as fees, rewards, how to manage the account and eligibility requirements before applying. <\/p><div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000000\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000000\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our <a href=\"https:\/\/www.finder.com\/uk\/terms-of-use\" class=\"fin-text-navy\">terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>We explore your options for opening a bank account with an IVA.<\/p>\n","protected":false},"author":1047,"featured_media":122513,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[3763],"tags":[],"asset_tag":[],"class_list":["post-544847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-accounts"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - 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