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EbayAmazonBot

07-09-2016 07:00 AM

UK Bank Account VS Prepaid Card/Bank

Hi all,

Looking at creating many bank accounts, I understand that if I create quite a few bank accounts at the same time it can affect my credit rating negatively and some may get rejected.

I was looking into prepaid cards like CashPlus where I can open and use them, what are the pros & cons with using this against a normal bank account?

I understand these give normal account number & sortcodes etc

JamesNorth101

07-09-2016 07:36 AM

Re: UK Bank Account VS Prepaid Card/Bank

A lot of them have issues with mismatching names

just_smile

07-09-2016 11:45 AM

Re: UK Bank Account VS Prepaid Card/Bank

You also have to pay, usually a monthly fee for those types of accounts.

UK high Street banks are quick and easy to setup. And mostly free.

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