CardOneMoney Online UK Current Account – Review

We trust that you find this review of the Card One Money online account of assistance in your research into finding the right bad credit account for your needs. We will cover things like what the process is to apply to open the CardOne Money current account, and what this particular financial product comes with, such as a prepaid debit card.

Features at a glance

  • Pay in cash/cheques.
  • Have your wages, salary, benefits or pension automatically paid in.
  • Prepaid Debit MasterCard to withdraw cash from ATMs and buy things.
  • Manage the account online or by phone 24/7.
  • Speak to a personal account manager.
  • Pay regular household bills by direct debit and/or standing order.

What type of account is it and how does it work?

It is a current account that comes with some of the features and benefits of the ones that you can apply for with many of the major banks and building societies i.e. you can pay in funds, withdraw cash and pay your regular household bills by direct debit and/or standing order.

Who can open an account and are there any restrictions?

As long as you are resident in the UK and over the age of 18 you can apply. It is suitable for most people including those that are employed, unemployed, self-employed and retired.

One of the advantages is that no credit check is carried out on you. So, it does not matter if you have a poor credit rating such as CCJs or being an undischarged bankrupt as you should still be accepted by Cardonemoney.

How do you apply for the Card One account?

The process is simple and quick. All that you usually need to do is to complete the brief online application form and a decision tends to be made within minutes. They will endeavour to confirm your identity and address by electronic means but, if this is not possible, they will ask you to provide certain documents to verify this information.

How can I operate and transfer money into the account, and can I also pay in cheques?

You can have your salary, wages, pension or benefits automatically paid straight into the Billing Account from which your regular household bills can be paid by direct debit and/or standing order. Any other monies remaining can then be automatically transferred into your CardOneMoney Prepaid Debit MasterCard that you can use to withdraw cash at ATMs around the world and pay for goods and services online, in retail outlets in the high street and over the phone.

You can pay cash into the account through the Post Office and Barclays Bank with the later also accepting cheques.

How will I be able to check my bank balance and view my statements?

An online / telephone / text account management service is provided giving you 24/7 access to your account. You also have access to a personal account manager.

You do not get a cheque book or overdraft facility.

Does it cost anything to open and are there any additional banking charges?

There is no application fee.

However, there is a monthly administration fee of £12.50 and it costs an extra £5 per month to add a second cardholder. It costs £1.50 every time you use an ATM in the UK to withdraw cash. Other fees may be payable so please check the website of CardOneMoney for full details.


The Card One Money online account provides many of the features and benefits of a high street bank account for a fee so it should prove suitable for your daily banking requirements. It is very easy to apply for especially as no credit check is carried out meaning that it should appeal to those of you that are looking into bad credit bank accounts.