A bank account for DAS

The Debt Arrangement Scheme or DAS is a government-run debt repayment scheme for Scottish residents who are struggling with debt.

DAS could help you if you're struggling to pay for the things you need because of your unsecured debt payments. On a Debt Payment Programme under DAS, you could lower your repayments to an amount you can afford. It does leave you in debt for longer, but it's debt you can afford on a monthly basis.

Find out more about how DAS could help if you're struggling with debt.

It can be harder to open a bank account while you're on DAS, because it affects your credit record. Banks usually credit check applicants when they apply, and if they can see that you are making lower repayments to your lenders, they might not let you open a bank account with an overdraft.

Basic bank account

A basic bank account is often available without a credit check. These bank accounts don't have overdrafts, which can actually be a good thing while you're repaying debt, as it removes some of the temptation to spend beyond your means.

Basic bank accounts may or may not come with a debit card. They're available from the high street banks, but there are also alternative providers who specialise in this kind of banking.

For instance, thinkbanking provides access to a basic bank account with extra features for people who would like help to manage their money.

Find out more about basic bank accounts here.

thinkbanking bank account

This basic bank account could be helpful for people on DAS who need to manage their money more carefully than they may have before. Under DAS, you need to manage your budget well, because most of your 'spare' cash is going to go on your unsecured debt repayments.

The financial management help that comes with this account is provided by specially trained Money Managers. They can help you to make sure that enough money is set aside every month to cover your essential bills - such as your regular DAS payment.

This basic bank account can work for people who want some extra help to keep track of where their money is going every month, which is particularly important during any kind of debt repayment programme.

Find out more about this account form the basic bank account specialist thinkbanking.

Related resources

• Account features
• Online banking
• No hidden bank charges
• How do you qualify for DAS?
• What are the pros and cons of a Debt Arrangement Scheme?
• Bank account tips from a banking specialist
• IVA / bankrupt bank accounts
• CCJ bank account
• Who pays tax on a joint bank account?

Tags: debt, bank, bank account, DAS, Debt Arrangement Scheme, unsecured debt, Debt Payment Programme, basic bank accounts, thinkbanking

Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider. Cards are provided by third parties and are subject to eligibility, status and terms and conditions. Applicants must be UK residents aged 18 or over.