When you open a safe bank account you should try to avoid using a bank within the same banking group as a bank that you owe money to. If you do not, your money may still be at risk of being taken.

It is also important to know that some banks belong to the same banking group, such as Royal Bank of Scotland and NatWest. An overdraft is also repayable on demand, so your money would no longer be safe. This is because if you use your overdraft facility, the bank is likely to start charging interest on your account. If you open a current account and don't want to get into debt with the bank, request that you are not given an overdraft facility. If you are eligible, the bank are likely to offer you this type of account.

When you apply to open a new safe bank account, the bank will usually check if you are eligible for their current account first. This includes money owed to credit cards, loans and overdrafts. This could leave you with too little money to pay your essential bills, such as your gas, electricity and food shopping.Ī safe bank account is an account with a bank or building society that you do not owe any money to. This is because in some circumstances, banks and building societies can take money from an account your have with them to pay towards a debt that you owe them. If you owe money to your bank or building society, it is important to make sure that any income, such as your wages or benefits, does not go into that account. Try to find a suitable bank account for you to open. Help you recognise the benefits of a basic bank account and Understand why you may need a safe bank account

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