Can i Get a New Personal Bank Account in Ireland Even though I'm Bankrupt?
When you apply for a Bank Account in Ireland, the bank in question will always perform a credit check
on you in order to see if you are credit worthy and if you will be a good risk for them, as they only really
like to have good credit customers as their main account holders.
If you are in the unfortunate position whereby you have either been bankrupt or indeed have just gone
through the process of bankruptcy, then your application will almost certainly be declined.
It is also worth noting that all the major high street banks and other financial institutions do actually
communicate with each other, meaning that if you get refused from one high street bank for being
bankrupt, then you will also be declined from the other high street banks, especially as they all use the
same credit reference agencies.
There are one or two options available where you can have a very basic account, however they generally
only allow you the facility to pay cash or cheques in to your local branch and take cash out - with no
Internet facility, no debit card, no direct debits or standing orders or any other modern day essential
So what can you do and how can you open a new Bank Account in Ireland when you have been bankrupt?
Now there are a variety of new personal accounts available, generally described as basic accounts, no
credit check accounts and even guaranteed accounts, however they all generally offer the same type of
basic account but without the need for a credit check, so any past financial problems you may have had
(including being bankrupt) will not even be considered as part of your new account opening process.
These new types of accounts also come with a debit card, meaning you can have instant access to any
credit balance within your bank account allowing you to spend money online or in-store, which ever you
desire. Internet access is also generally available as is the setting up of Direct Debits and Standing Orders,
all of which make your banking life much easier ensuring you don't miss any essential payments.
These accounts do generally come with a monthly fee however the relatively small amount of money that
they cost ensures you no longer will get any unnecessary bank charges for missing any payments or going
overdrawn, as these accounts do not offer any credit facilities, so if there is not enough money in your
account, then the payment will not be paid and more importantly, you will not be charged for it.
There are some real benefits to be gained from having a bank account and now, even if you are bankrupt,
you can still enjoy those like everyone else.
Bank Account in Ireland Compared is a free to use website helping those who need a UK bank account
find the right account for their particular circumstances. Even those with a severe credit problem can till
open a bank account and Bank Accounts Compared can certainly help regardless of any past credit issues
you may have.
For More Information Please Visit:- Registeracompanyinireland