As this is a savings account there will be no credit score done on the account so is available to all. However in the terms & conditions is does state the following:
- wages & salary lodgements are not permitted on the account
- Standing Orders & Direct Debits are not permitted on the account
- must always ensure that the cleared balance on the account at 3.30pm on the working weekday beforethe day you carry out a Solo transaction
So from those statements you can deduce that the account can not be run as a basic current account as wages/salary can not be paid into it & no SO/DDs allowed from it but as along as there is cleared funds at least the day before, you can pay for goods via Solo debit up to the the amount of the available balance.
On Friday I received details of my account sort code & number so I can apply for the online banking & Saturday I received my Chip & PIN card with the Solo logo on the front & Maestro & Cirrus logo on the back if I want to use it abroad. Sent the slip back to activate the card & now awaiting the PIN number
This account is going to become very handy where I'm not able to use my Co-op Cahminder Visa Electron account especially for goods online
Thought I would make this aware to everyone that is bankrupt