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UK current accounts are free, but I don't think they're accessible to all. Like the US, I think if you don't have enough credit history (or poor history) it's
by jedc 12y ago
UK current accounts are free, but I don't think they're accessible to all. Like the US, I think if you don't have enough credit history (or poor history) it's difficult to get an account.
- Someone1234 12y agoWith all due respect did you read my post at all? I literally cover this topic on the first line, second sentence. TL;DR: That's what basic current accounts are for.
- jedc 12y agoI _did_ read your post. But it was still my understanding that not everyone can get an account as easily as you describe. If you show up to the UK (as I did >10yrs ago) from the US with NO credit history, no lease (b/c of company rental), only US financial info, etc, it's NOT quite so straightforward to even get those "basic" accounts. I always assumed this was because of the specifics of the anti-money-laundering laws that are on the books in the UK. (I've been working with a startup here in the UK that's trying to solve this and some other similar problems, which is why I even brought it up.) Not entirely sure why I got downvoted for my original comment, but c'est la vie.