A bank account can make it easier to manage your money, receive payments like wages and benefits, and pay bills.
Basic bank accounts
Many banks offer fee-free basic bank accounts. If you've got a low credit rating or don't yet have a credit history, a basic account is a good place to start.
Money Helper has lots of advice on how to choose and open a bank account.
Credit unions are a bit like banks, but they are owned and managed by their members. They are run on a not-for-profit basis, and can be an affordable option for loans. Money Helper has advice on borrowing money from a credit union.