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"basic bank account" is correct and usable in written English.
It refers to a simple or no-frills bank account that may have limited features or benefits. Example: "I opened a basic bank account to manage my finances, as I didn't need any extra services or perks from a bank."
Exact(24)
The committee's chairman, John McFall, said: "Some basic bank account applicants receive short shrift at branch counters.
Basic bank account customers will now also be offered services on the same terms as other personal current accounts.
Forcing banks to provide a basic bank account to all UK citizens did not give much cause for optimism, however.
However, you will lose your home if you own one and may be denied access to a basic bank account.
It is estimated that 5 million people will be affected (80% of all basic bank account holders).
Give Post Office basic bank account holders the chance to benefit from direct debit discounts, thereby allowing poorer families access to cheaper gas and electricity tariffs.
Similar(36)
Only the Co-operative Bank and Barclays offer basic bank accounts to bankrupts, while Santander, the Bank of Ireland, Bank of Scotland, Clydesdale, First Trust Bank, the LloydsTSB group, HSBC, NatWest, Northern Bank, RBS, Ulster Bank, Yorkshire Bank and the Nationwide building society do not.
Banks and building societies that have signed up to offer basic bank accounts include Barclays, Santander, TSB, Lloyds, the Royal Bank of Scotland and NatWest.
Basic Bank Accounts form the cornerstone of financial inclusion.
Since April 2003, about 2m basic bank accounts have been opened in Britain.
Both the Lloyds Banking Group, which operates more than half of the UK's basic bank accounts, and the Nationwide building society, which used to offer its basic bank accounts to bankrupts, said they were "currently reviewing policy on this".
Related(16)
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basic bank accounts
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com