Can I open a bank account while I’m still bankrupt?

Dear James,

I am bankrupt. Is it still possible to open a bank account for my wages?

Valerie, Desborough

Dear Valerie,

There are some banks that will open an account for you while your bankruptcy has yet to be discharged, but not very many. Money Saving Expert maintains an up-to-date list of basic bank accounts, so check that first to help you decide where to go. One or two banks recently stopped opening new accounts for undischarged bankrupts pending a move to review current laws. As things stand, banks can sometimes be pursued by creditors for money paid out of the bankrupt customer’s account. A proposal to change this is now with Parliament so, assuming it’s implemented, far more banks are likely to offer bank accounts to bankrupts in the future. (July 2013)


  • Experian Credit Report
  • Experian Credit Score
  • Email and text alerts
  • Dedicated UK based call centre


* Monthly fee of £14.99 applies after trial, new customers only. You may cancel your trial during the 30-day trial period without charge.

If you are a Credit Expert customer you can contact the customer services team with any questions specific to your credit report.

Please log in to your account and go to the contact us page to contact the member support team.

Explore our Help Centre

Our credit report centre is full of information on what 's in your credit report and how to improve your credit rating.

Credit Report Help Centre

Find out how to protect yourself from identity fraud and what to do if you're a victim.

Identity fraud explained

£2 Statutory Credit Report

Provides you with a one-off view of your current and past credit history.

£2 Statutory Credit Report