Introducing the
Prepaid Current Account
Simple, no surprises banking
Why choose the Prepaid Current Account?
Because it's been carefully designed to put you in control of your finances. You can set up automated loading from your account to your new MasterCard® prepaid card.
This will help you to manage your money by leaving enough in your current account to cover all of your direct debts, standing orders or other outgoings.
The money loaded to your MasterCard® prepaid card can be used to withdraw cash, make purchases online, in-store or over the phone. You won't ever go overdrawn on your current account, so you'll find it dead easy to budget yourself.
If you are on or starting a Debt Management Plan, an IVA or are Bankrupt, don't worry - this will not affect your eligibility for the Prepaid Current Account. Our Debt Advisors are trained to help you complete the forms.
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The Prepaid Current Account
Millions of UK residents feel socially excluded or financially penalised, with 1.85 million not even having a bank account and many more are facing high charges whenever they exceed overdraft facilities or have a direct debit or cheque returned. Many people qualify as being in genuine financial hardship, as laid down in the Banking Code. People need access to high quality banking facilities and payment methods that allow them to take advantage of the cheapest purchasing channels like the Internet and over the phone.
EuroDebt and Secure Trust Bank have taken the uncertainty out of having a bank account - but have still provided the convenience of paying in or withdrawing cash and making purchases online, in-store and over the phone. A low, totally transparent monthly charge and no charges for failed direct debit or standing order payments means there will be no surprises, keeping you firmly in control of your finances.
Simple, no surprises banking
Why it's good news for managing your finances:
- Flat low monthly fee of £12.50
- No Direct Debit or Standing Order fail charges and no other hidden costs
- Only 50p to withdraw cash through the MasterCard® facility on the pre-paid account card
- Paying in facilities at all high street banks
- Telephone and Internet banking facilities
- Multiple cardholders
- Linked savings account with highest 60 day interest rates
Fees | Features & Benefits | FAQs | T&C
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