If you have had money worries in the past, you know that it can be hard to get a bank account and enjoy life when you’ve got a bit of a record.
Getting what you want out of life without a bank account is near impossible - nowhere for wages to be paid into, nowhere to cash cheques, nowhere to pay household bills like rent from and no cash card to use in-store or online.
Trying to run a modern life without a bank account adds stress that you just don’t need.
Unfortunately, the current economic climate means that it can be a bit harder for most people to manage their money these days. Sometimes this can leave you without a bank account.
The kicker is that this is an issue a lot of people have to deal with, it isn't just those who have experienced financial difficulty that find banks less than easy to deal with.
Anyone on a low wage or managing on a shoe string budget may have experienced problems with their bank. If you accidentally go overdrawn even once, or miscalculate how much money you had left in your account, the chances are that you will be slapped with a painful fine, which could be as much as £30. And this isn't a one-off charge; you could receive more than one in every month, if you repeat the misdemeanor.
This of course doesn't help anything as it leaves you with even less money than you started with, leaving you needing a way to keep tighter control of your money. Enter the basic bank account.
The Basic Bank Account
The basic bank account is pretty much what it says on the tin, a basic account. It’s a place to simply put your money. No overdraft, no credit card, just an account and a cash card. It’s a great way to make sure you only spend the money you have and don’t run up any more bills.
It doesn’t matter your credit history, you will qualify. It can be restrictive when it comes to certain types of spending, but this means you can more closely watch your budget. Most banks won’t advertise that they have this option; it can lose them money; this is why you need to ask for it yourself.
However before you start watching your money more closely you might want a little piece of mind, you might want to start getting some bills paid off.
Get Everything in Order
In this case it might be a good idea to get them paid off; why not take out a short loan. This means you can cover the bills and give yourself a little breathing room to take advantage of the basic bank account.
There really is a loan for everyone out there. You just need to find it. This is where AK Management comes in. AK is a service which you can use to find the loan that’s best for you. Simple make contact and a member of the team will ask you about what you need. Then they’ll let you know which loan is best for you.
A basic bank account is a great way to keep your money in order; take advantage today and watch your bills become so much easier to deal with.
Don't forget to follow us on Facebook, Twitter and Google+. For other hints and tips from AK Management, why not visit our sister site Here.