With the introduction of Universal Credit the government are asking people in receipt of benefits to have them paid in to an appropriate account.
By ‘appropriate’ they mean an account that money can be paid in and out, from and to, a variety of sources. Banks, building societies and some credit unions provide appropriate accounts with these facilities.
Bank accounts are a secure and convenient way to ensure your bills are paid on time. You will be able to set up direct debits, have easy access to your money and keep an eye on your income and outgoings.
Universal Credit has started to replace all out of work benefits into one monthly payment, this will need to be paid into a suitable account. So, if you don’t have a bank account, it might be a good idea to get one. Find out more about Universal Credit.
Identification (ID) to prove who you are:
Identification (ID) to prove where you live:
Every bank will have a different set of accounts available to customers, from basic bank accounts which are free, to paid for accounts that may offer additional services or discounts.
It is always advisable to shop around before deciding on an account. The Money Advice Service provides independent information on choosing the right account for you. Click here for more information about the right account for you.
Working in partnership with banks across Sunderland, Gentoo can help make the process of opening an account easier.
Bank accounts are a secure and convenient way to ensure your bills are paid on time, you will be able to set up Direct Debits/Standing Orders, have easy access to your money and be able to budget more effectively.
• Work with partners who can provide impartial advice on setting up and managing a bank account.
• Help you to gather the right identification documents.
• Discuss payment options like Direct Debits and Standing Orders.
To make an appointment or to find out more call the Money Matters Team or speak to your Neighbourhood Coordinator.