Budget: Paydaybank Welcome Government Move to Create 1 Million New Bank Accounts

Leading payday loans broker Paydaybank.co.uk comments on the announcement today by the Chancellor that it will compel the state owned banks to give 1 million extra people access to a basic bank account. Ohad Hessel, Marketing Manager at www.paydaybank.co.uk comments on the announcement that 1 million people will be able to gain access to a basic bank account; “We welcome the government’s decision to give access to a basic bank account to up to 1 million extra people. “Not having a bank account in the 21st century restricts those most in need of taking advantage of reduced bills on items such as paying utility bills via direct debit. “In the digital age the best deals and cheaper offers are typically found online, too, which all require a bank account. A bank account is also important for taking out affordable short term loans and can also have an effect on rebuilding your credit score, too.” Notes: PaydayBank was established in 2005 with the aim to help as many customers as possible with their short term cash needs. Applicants must be UK residents and over 18 years old and in employment. For more information contact Dale Lovell at Search News Media on 0779 1414 681 / 01753 861207 or email: dlovell@searchnewsmedia.co.uk

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