Agor
cyfrif
banc
Gw
ybodaeth a
m y
matha
u gw
ahan
ol o
gyfr
ifon a’
r h
yn y maen
nhw
’n ei g
ynnig
.
Opening a Bank Account
Information
on different types of
accounts and what
they offer.
Why open an account?
Soon all benefits will have to be paid into a bank account.
Having money paid into an account is safer you will receive your money quicker.
If you are looking for work or in employment, most employers now insist on paying wages into an account.
You can save money by paying your bills through your account.
Helps you keep track of how much you are spending through receiving regular statements or you can access online banking using smart phone apps.
Will I be able to open a bank
account if I have a poor credit
history?
Usually your credit history will be checked before any of these accounts can be opened, but poor credit history should not prevent you opening a basic bank account.
How long will it take for a
bank account to be set up?
It should not take more than 10 days to have the account up and running, provided there are no problems with your identification and verification documents.
If you require any
advice or assistance
with opening a bank
account please
contact:
The Advice Hub,
1
stFloor,
Marland House
029 2087 1000
r cyfrif?
go
y pam a
Fell
Bydd po b bu dd -d al yn cael ei dalu i m ewn i gyfri f banc yn fuan. Mae’n f wy diogel talu arian i gyfrif, a byddwc h yn cael yr a rian yn gyn t. Os yd ych y n c hwili o a m s wyd d, m ae’r rhan fwyaf o g yflo gwy r bellach yn myn nu talu cyfl og i gyfri f banc. Gallwch arb ed ari an drw y d alu’ch b iliau drwy’ch cyfri f. Mae’n eich help u i gad w lly gad ar faint rydych chi’n ei wari o dr wy gyfrifl en ni rh eolai dd , neu gall wch ddefnydd io ban cio ar -lein ar eich ffôn sym ud ol.
Fyd
da i
’n
gal
lu agor cy
frif banc
os oe
s gen i h
an
es o gr
edyd
gwae
l?
Fel arfer, byd d y banc yn ed rych dros e ich han es credyd cyn ago r unrh yw gyfri f, on d ni dd ylai hanes o gred yd gwael e ich a tal chi rhag agor c yfri f banc sylfa en ol.Pa mo
r h
ir y b
yd
d yn
ei
gymryd
i sefy
dlu
’r
cyfrif?
10 wy na ryd m gym ylai Ni dddiwrno d i' r cyfri f gael e i ago r a'i we ithredu , cyh yd â bo d dim pro ble mau gyda'ch dogfenn au adn abo d a dily su.
Os oes ang
en cyng
or
th ar
ymor
neu g
noch i
agor
cy
frif ba
nc,
cysy
lltw
ch â:
Yr
Hyb Cy
nghori,
Lla
wr Cyn
taf
,
Tŷ
Marla
nd
029
2087
10
00
Beth
syd
d ei a
nge
n arn
af i a
go
r cyfri
f banc?
Mae angen dwy ddo gfen ar y rhan f wyaf o f anciau , sef un i brofi p wy yd ychchi a’r llal l i bro fi lle ry dych yn byw. Y d ogfenn au m wyaf d efnydd iol y w: Pasb ort y D U neu AEE, neu drwy dd ed gyrru c erdyn â llu n. Bil diwedd ar (nwy , try dan , tret h gyng or, on d dim un ff ôn sym ud ol) yn dango s eich c yfeiri ad. Llyt hyr pen derf yn iad ar fud d-d al diwedd ar. Os n ad o es genn ych u nrh yw un o’r do gfenn au hyn, mae ffyrdd erail l o bro fi pw y y dych chi , ac mae gan bob banc w eithd refnau hyblyg ar gyfer derbyn d ogfenn au p enod ol e raill. Gall wch d rafod hyn â’r staff yn y ban c. Gofynn wch i b ob banc un igo l pa dd ogf ennau syd d eu han gen arn yn t i ago r cyfri f i ch i. Sicrh ewch f od sillafia d eich en w a’r un c yfeiria d ar yr h oll dd ogfenn au. Gwnewch y n si ŵr taw'r un d diwedd araf y w u nrh yw ddo gfen s yd d genn ych, fel bil. Mae po b ban c yn gwneud co pi o ’ch do gfenn au ac yn rh oi'r rh ai gwre idd iol y n ô l i chi. Gall y r Hyb Cyn gh ori r oi ffu rflen i chi f yn d â hi i’ch banc lleo l a fyd d y n eich arwain drw y’r br oses o ag or cy frif ban c sy lfaeno l.
Pa f
ath
o gyfrif
y dylwn ei ag
or?
gynnw el, gan ol ar ga ahan l gw gyfrifo er o nif Maeys: Cyfri f banc sylfa eno l Cyfri f Cyfred ol Cyfri f Undeb Cr
edyd
What do I need to open a bank account?
Most banks need you to provide two different documents – one toprove who you are, and one to prove where you live. The most useful documents are:
A UK or EEA passport or a photo card driving licence. A recent bill (gas, electricity, council tax, but no mobile phone) showing your current address.
A recent benefit decision letter.
If you don’t have any of these documents, there are other ways to prove your identity and each bank has flexible procedures for accepting certain other documents. You can discuss this with staff at any of the banks.
Check with each individual bank to see which documents they require to open an account.
Make sure all the documents you provide have the same spelling of names and same address.
Make sure any document, such as a bill, is the most recent available. All banks take a copy of your documents and give the originals back to you.
The Advice Hub can give you a form that you can take to your local bank which will guide you through the process of opening a basic bank account.
What type of account should I open?
There are a number of different accounts available these include: Basic bank account
Current account Credit Union account
Features Basic Bank Account Current Account Pay bills & withdraw money from a cash machine √ √
Direct debits and standing orders can be set up √ √
Receive wages/benefits directly to this account √ √
Debit card given which can be used in shops & cash
machines √* √
Good option if you have poor credit history or no
income √
Possibility to get a cheque book √
Refusal of an account if you have debts of more than
£500/outstanding court judgement against you √ Simplest bank account to open and manage √
Manage account online/mobile banking √ √
Cheque book √
Regular bank statements showing payments &
balance. √
No money needed to open the account √
Allows interest to be earned on the money you have √
Overdraft facility √
No fees to pay √
Charge for account but they offer rewards, cash back
& good interest rates √
Main features and services of different accounts
* All basic accounts shown in this leaflet
nol
waha
on g
yfrif
thau c
asanae
eddion a gw
Prif nodw
No dwe dd io n Cyfr if ban c sylfaen ol Cyfr if Cyfr ed ol Talu bili au a th yn nu arian alla n o dw ll yn y wal √ √ Gallu tre fn u d eb yd au u nion gyrch ol a c arch eb ion sef yd log √ √ Cael cy flog /bu dd -d aliad au y n u nion gyrch ol i’ r cy frif hw n √ √ Cerd yn de byd y ga llwch ei dd efn yd dio me wn sio pau a thw ll yn y wal √* √ Dew is d a o s o es genn ych han es o gredyd gwae l neu dd im in cwm √ Cyfle o gae l sie clyfr √ Gw rtho d cy frif os o es genn ych dd yle dion dro s £500/ gorchym yn llys cy fre do l yn eich erbyn √ Y cy frif ban c sym laf i’w agor a’i reoli √ Rheo li’r cy frif ar-lein /ban cio sy mu do l √ √ Sieclyfr √ Cyfrifle nn i ban c rheo laidd sy’n dan gos t aliad au a bala ns. √ Dim a nge n a rian i agor y cy frif √ Caniat áu i incw m ga el ei enn ill a r yr arian sydd gen nych √ Go rdd raff t √ Dim f fioed d i’ w t alu √ Codi a m gy frif on d y n cy nn ig gwo bra u, a rian y n ô l a chyf rad dau llog d a √ * Da ngos ir po b cy frif sy lfae no l yn y d aflen ho n
Geirf
a ter
mau b
ancio
Arc he b se fyd lo g: ffo rdd o wn eu d t aliad au rh eo laidd i ry wu n d rwy d refn u â ’ch ban c. Os nad oes digon o a rian y n eic h cy frif i d alu’r arch eb sefy dlog, byd d y rh an fw yaf o fanciau ’n cod i ffi a rno ch. De byd un io ngy rch ol: ffo rdd o dalu bili au. Ry dych yn tre fn u’r taliad hw n â ’ch cyfle nw r ac yn rh oi man ylion eich cyfrif idd o. Os nad oes digon o a rian y n eic h cy frif i d alu’r deb yd un iongy rcho l, b yd d y rh an fw yaf o fanciau ’n cod i ffi a rno ch. Gord draff t: Go rdd raff t a awdu rdo dw yd yw un y cy tun wyd ar no â’ch ban c. Cew ch fen thyca hyn a h yn o a rian, syd d we di’i oso d y mlaen llaw. F el a rfer codir a rno ch am dd efn yd dio gordd raff t, o nd mae faint y b yd d y n r haid i ch i ei d alu, a math y ff i, yn am ryw io rh wn g ban ciau. Ma e my nd i fw y o ord dra fft na’ r le fel a gan iateir, neu fyn d i dd yle d o gwbl p an n ad y w b anc we di cy tun o a r le fel ben od ol o ord dra fft, yn rhyw beth i’w osgoi ar b ob cyfrif . Cerd yn de byd : cerd yn talu pla stig sy’ n gy sylltie dig â ’ch cyfrif ban c a d def nyd dir i dalu am nw yd dau a gwas anaeth au. Ma e h efy d y n eic h ga lluogi i go di a rian o dw ll yn y wal neu gael a rian y n ô l o si op au sy’ n cy nn ig y gwas anaeth hw n. Cerd yn de byd we di’i rag dal u: gallwch ro i arian ar y cerd yn ym laen llaw a’i d def nyd dio fel u nrh yw gerd yn ta lu a rall m ew n si op au n eu ar-lein , a c mae’n gweith io yn y r han fwyaf o dyllau yn y wal hef yd . Dyd y’r cerd yn dd im y n gy syllti ed ig â’ch cyfrif ban c a gallwch on d wario ’r arian ryd ych yn ei roi a rno , fe lly ni a llwch fyn d i ord dra fft na dyle dion . Cerd yn Arian Paro d: cerd yn talu plas tig s yd d o nd yn can iatáu i ch i god i arian o d wll y n y wal. On d n i allwch dalu am nw yd dau a gwas anaeth au a g ef y n bers on ol, ar-le in n a th ros y ffô n. Ban cio ar-l ein : mae h yn yn eich galluo gi i f ancio ar y we. Gallw ch w neu d p eth au fe l tro sglw yd do cyfri fo n, gwe ld e ich b alan s, t alu b iliau , rheo li deb yd un iongy rcho l ac arch eb ion se fyd log a gall hyd yn oed gyn nig ceis iadau am fen thyciad au a char diau credyd ar-lein . G allwch weld gwybo daeth am y cy frif ar un rhyw bry d y n u nrh yw le.Banking terms explained
Standing order: a way of making regular payments to someone which is arranged
with your bank. If there is not enough money in your account to send the standing order, most banks will charge a fee.
Direct debit: a way of paying bills. You arrange this payment with your supplier and give them your account details. If there is not enough money in your account to send the direct debit, most banks will charge a fee.
Overdraft: An authorised overdraft is one that has been agreed with your bank. You are allowed to borrow up to a pre-set overdraft limit. Normally you’re charged for using the overdraft although how much you pay and the type of fee may vary from bank to bank. Exceeding your authorised overdraft limit, or going into the red when the bank has not agreed an overdraft limit, is known as an unauthorised overdraft and should be avoided at all costs.
Debit card: a plastic payment card which is linked to your account and is used to pay for goods and services. It also allows you to withdraw money from cash machines or get cash back from shops that offer this service.
Prepaid debit card: money can be loaded up in advance
and used like any other payment card in shops or online and most work at cash machines too. The card isn’t linked to a bank account and you can only spend the money you put on it, so you can’t go overdrawn or run up debt .When the money runs out you top up the card, just like a pay-as-you-go mobile phone.
Cash card: a plastic payment card which only allows you to make cash machine withdrawals. It doesn’t allow you to pay for goods and services in person, online or over the phone.
Online banking: enables you to perform banking activities via the internet. Such as account transfers, balance enquiries, bill payments, managing direct debits and standing orders and some even offer online loan and credit card applications. Account information can be accessed any time and can be done from anywhere.
Cardiff & Vale Credit Union Savings Account
Save by standing order from your bank/building society, using a membership card at any Post Office or PayPoint outlet, by Cheque or cash at office, debit or credit card by telephone/online.
Interest is paid on savings in the form of an annual dividend (subject to profit).
Savings can be withdrawn by contacting the office, by BACS transfer to your bank/building society, cheque payable to yourself/third party
or open cash cheque which will be made payable to you.
Cardiff & Vale Credit Union Rent Account
Income can be paid into your account by standing order.
Make payments at Post office, Paypoint, telephone or with Credit Union payment card.
£5 per month handling fee (your landlord could enter into the agreement with the Credit Union to cover this fee).
Rent is set aside from regular savings in the account and can be paid directly to your landlord. Payments can be arranged to your landlord by informing how much to pay and how often.
Rent is set aside and remaining funds can be transferred into a bank account, cash a cheque or you can apply for the prepaid card.
Interested in a Cardiff & Vale
Credit Union account? Please
contact: 1st Floor, Advice Hub,
Marland House, Cardiff, CF10 1PN
Tel.
029 2087 2373
Email:
info@cardiffcu.com
Website:
www.cardiffcu.com
If you are a memberof the Cardiff & Vale
Credit Union you have
access to affordable loans.
Unde
b Cre
dyd Ca
erd
ydd a’
r F
ro
Cyfr
if
Cyn
ilo
Und
eb
C
re
dyd
Ca
erd
yd
d a
’r Fr
o
Cyn ilwc h dr wy ar cheb s efyd log gan eich banc/ cym dei thas adeilad u, gan dd efnyddio cerdyn a elod aeth y n un rhyw Swyd dfa’r B ost neu Pay Po int, drwy Siec neu aria n par od m ewn sw yd dfa, neu gerdy n c redyd neu ddebyd dro s y ffô n/ar -lein . Caiff llo g ei dal u ar g yn ilio n drwy ddifi dend blynyd do l (y n dib yn nu ar elw). Gallwch dynn u’ch cyn ilio n all an drwy gysy lltu â ’r swyd dfa, tr osg lwy dd iad BACS i’ch ban c/cy md eithas ad eiladu , siec yn dalad wy i’ch hu n/try dyd d parti n eu siec arian paro d ago red, a w neir yn dalad wy i c hi. Cyfr if Rhen t Un deb Cre dyd Cae rd yd d a’ r Fr o Gallwch da lu incw m i’ch c yfri f drwy arch eb sefy dlo g. Talwch yn Swyd dfa’r Po st, Pay Po int, dro s y ffô n neu g yd a cherdyn talu ’r Und eb Credyd. Ffi dr afod o £5 y mis (gal lai’ch lan dlo rd w neud cytun deb â’r Und eb Credyd i dalu ’r ffi ho n). Rhoddir rh ent i’r naill o chr o gyn ilio n rhe olai dd yn y c yfr if a gelli r ei da lu’n unio ngy rcho l i’ch land lord . Mae mo dd trefn u talia dau i’ch land lord drwy ro i gwy bo d f aint rydych ch i’n e i dalu a p ha mo r a ml rydych ch i’n t alu. Caiff rhen t ei ro i i’r nai ll ochr a gall wch dro sglw yd do ’r gwe dd ill i gyfrif banc, c od i ari an drwy siec neu w neud cais a m y cerd yn wed i’i rag dalu . Os yd ych yn aelo d o Unde b C red yd Cae rd yd d a’r Fro ga llw ch fanteis io ar fen thyc iad au fford dia dw y.
 d
id
do
rd
eb
m
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n cae
l cyfr
if
erd
Ca
yd
ed
b Cr
Unde
yd
d a
’r F
ro?
Cysy
lltw
ch
â:
Ll
aw
r Cy
nta
f, Hy
b
d, C
an
arl
ŷ M
T
ori,
gh
Cyn
aer
dyd
d,
1PN
CF10
Ffôn
02
9 20
87 23
73
in
ost:
E-b
fo@
card
iff
cu.c
om
Cyfrif
Cerd
yn
Sw
ydd
fa'r
Po
st
Man
teisi
on a
c a
nfa
ntei
sion
y
cyfri
f h
wn
Mae’n ben od ol ar g yfer derbyn pensiyna u, budd -d aliad au a chredydau tret h s y’n cael e u rho i’n un ion gyrch ol y n e ich c yfri f
Ni elli talu unrh yw incw m arall i’r cyfri f hwn e.e. eich cyflo g
Gallwch d alu’ch b iliau ag arian paro d, c erd yn , siec, Arch eb Bo st neu Gerdyn C yllid eb Swy dd fa'r Po st
Gallwch o nd god i ari an n eu weld eich cyfri f y n S wyd dfa' r P ost
Os o es an gen i chi d alu b iliau , ychwan egu credyd i ’ch ffô n sym ud ol neu 'ch mesur yd d n wy neu dr yd an, gal lwch fy nd i gan gen leol S wyd dfa' r P ost a gwne ud hyn ny dro s y co wnter neu mewn go rsaf dalu
Ni all wch drefnu tali adau bil awto matig , fel d ebyd unio ngy rcho l neu arch ebio n sef yd log
Os ew ch â’ch b il, c erdyn t alu ffôn sy mu do l, cerdyn n eu allwe dd tryd an i’ch cangen le ol a rh oi gwy bo d f aint yr ho ffech e i d alu, byd d Swy dd fa'r Po st yn gwn eud po pet h i chi ac yn rhoi derb yn neb i chi
Yn fuan bydd y n rhai d t alu pob budd-d al i gyfri f b anc a bydd wch yn gyfri fol a m dal u’ch rh ent ei ch hu n, ac ni allwc h dal u’ch rh ent drwy dd ebyd unio ngy rcho l nac arch eb sefyd lo g.
Dim card iau c redyd, g ord draff t na ffio edd ar y cy frifPost Office Card Account
Specifically designed forreceiving pensions, benefits and tax credits which are credited directly to your account
No other income can be paid intothis account, eg your salary
Your bills can be paid by cash,card, cheque, Postal Order or Post Office Budget Card
Only withdraw cash or check yourbalance at a Post Office branch
If you need to pay bills, addcredit to your mobile phone or top up your gas or electricity you can go to your local Post Office branch either over the counter or at a paystation
Can’t set up automated billpayments such as direct debits and standing orders
If you take your bill, mobile ETop-Up card, gas card or
electricity key to your local branch and tell them how much you want to pay the Post Office will sort everything out and give you a receipt for your payment
Soon all benefits will have to bepaid into a bank account and you’ll be responsible for paying your own rent and won’t be able to pay your rent by direct debit or standing order.
No credit checks, overdraftfacility or charges on the account
Advantages and disadvantages of this account
Bank Name Name of account Min age Standing Order & Direct Debit
Charge for unpaid Direct Debit or Standing Order
Barclays Cash card
account 18 Yes £8.00 Co-Operative Cashminder 16 Yes £15.00 Halifax
Easycash 16 Yes £10 (max 3 per day)
HSBC Basic bank
account 18 Yes £25.00
Lloyds Bank or TSB
Cash
account 18 Yes £10.00 (max 3 per day)
Nationwide Flex Cash
Card 18 Yes £15.00
Natwest Basic
account 18 Yes
£6.00 (max £60.00 in any charging period)
RBS Basic
account 18 Yes
£6.00 (max £60.00 in any charging period) Santander
Basic current account
16 Yes £25.00
Different types of basic bank accounts
This information is correct as at time of print, but is subject to change. Please check with your chosen bank or building society
