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Bank Services

Volume 507: debated on Friday 12 March 2010

To ask the Chancellor of the Exchequer what support his Department is providing to those who cannot open a bank current account because of their credit rating. (321466)

The Government have negotiated voluntary agreements with all the major UK banks to offer a basic bank account. Basic bank accounts do not offer overdrafts so new customers do not have to pass a credit check to qualify for an account.