which bank account would be the best option for Stephen?
what will he need to open a bank account?
think about Stephen's credit rating. How it will effect what type of bank account he can open?
Stephen has been living in a hostel for the past year. At the moment he is on a programme looking at what training opportunities are available locally.
The Department of Work and Pensions (DWP) has told him that his benefit will be paid into a bank account and so he will not be getting any more giro cheques.
He has to open a bank account and has three options;
Card account with the Post Office
Basic bank account or
Current account with high street banks.
Stephen has had a bank account in the past but got overdrawn and has never repaid the debt.
He has to have a way of paying his hostel charges. Costs for heating, food, TV licence and staff etc are not covered by Housing Benefit.
Before moving to the hostel a year ago he spent some time living on the streets and sofa surfing, and so lost a lot of his belongings and important documents.
