LIBOR BBA Libor website
logged in Member Sign in:
 
  Forgotten password? | Not a member? Register Now

Contact us

Data Protection and Privacy Seminar

Event

Most popular articles

    In this section

     
  1. Payment Protection Insurance - complaints handling
  2. PN16 - Bank Reports for Audit Purposes - Contact Details
  3. Business account finder
  4. Understanding a bank draft

Information to help customers
get the most out of their
relationship with their bank

Filter directory:

a b c d e f g h i j k l m n o p q r s t u v w x y z

Basic bank accounts

Basic bank accounts will normally have the following features:

  • Wages, salaries, pensions, benefits etc can be paid in automatically

  • Cheques and cash can be paid in

  • Cash can be withdrawn from cash machines

  • Bills can be paid by direct debit, by transferring money to another account or by a payment to a linked account

  • The last penny in the account can be withdrawn

    • Some banks provide features like a debit card (so it can be used in shops or to get cashback) and a cheque book.

    Information about basic banks account is available on the Financial Services Authority's website "Money Made Clear".

    Related Links

    Money Made clear website (External Link)

     

    The BBA would like to place cookies on your computer to help us make this website better. By continuing to use the site you are agreeing to our use of cookies.
    To find out more about the use of cookies, please see our privacy policy