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>>usually used by people with debt problems. That's the first time I've ever heard that assumption, and I live in the UK - basic checking account(with no overd
by gambiting 3y ago
>>usually used by people with debt problems.
That's the first time I've ever heard that assumption, and I live in the UK - basic checking account(with no overdraft) is just what everyone has by default, if you want credit you just apply for a credit card - that's my experience at least.
- Symbiote 3y agoIt is literally in the subheading on the Barclay's page I linked: "If you don’t qualify for a regular current account, don’t yet have a UK account, or you’re experiencing financial difficulty, this could be the right account for you." Most people have an ordinary account like this one: https://www.barclays.co.uk/current-accounts/bank-account/ https://www.barclays.co.uk/current-accounts/bank-account/ However, the general situation for overdrafts seems to have changed since I left the UK — I don't know the details: https://www.theguardian.com/business/2020/jan/28/uk-banks-overdraft-rates-fca https://www.theguardian.com/business/2020/jan/28/uk-banks-ov...
- gambiting 3y agoWell yes sorry - the linked account is indeed a "basic" account for people in difficult position, I suppose. But what Barclays calls "regular current account" also doesn't have any overdraft, not unless you applied for one.