All about the icount current account with prepaid Mastercard®

If you’re thinking about applying for a new current account but have concerns about whether or not you’ll be accepted due to bad credit or other issues with your application, then the icount current account with prepaid Mastercard® could be a great choice for you.

Which current account is right for me?

The icount current account with prepaid card has two tariffs to choose from:

Pay Monthly

per month
  • Creditbuilder™ option – you could improve your credit rating
  • Low UK ATM fee of 50p
  • Best option if using icount daily

Pay As You Go

per UK transaction
  • Use in 13,000 UK ATMs and in 32 million locations worldwide
  • UK ATM fee of 75p
  • Great option for occasional use

icount’s instant UK current account is easy to apply for.

  • Straightforward application process – You’ll find out if you have been accepted in just a few minutes.
  • Instant sort code and account numberYou can begin setting up direct debits and transferring money straight away.
  • Open a basic bank account online with bad credit – A better option than a high street current account if you have poor credit.

Apply now for an icount prepaid current account!

Apply Now


icount’s flexible current account key benefits


icount cards are accepted wherever you see the MasterCard® Acceptance Mark

  • Prepaid card – Only spend what you have loaded onto the card.
  • Pay bills – Rebuild your credit by paying your normal bills.
  • Deposit salaries and benefits – Instant sort code and account number makes this simple to set up.
  • Set up standing orders and direct debits – Takes the hassle out of regular payments.
  • Withdraw and deposit cash – Use the icount prepaid card wherever you see the Mastercard® symbol.
  • Manage your money 24/7 – using online banking.
  • Rebuild poor credit or establish a credit profile from scratch – Using icount’s CreditBuilder™ facility.
  • Money when you need it the most with iDraft – The current account overdraft from icount available for you to use for unexpected bills and expenses.

Apply now for your icount’s flexible current account and make your money work harder for you

Apply Now

Current accounts in more detail

What is a current account and why do I need one?

A current account is the same as a bank account. A current account allows you to deposit money into it and withdraw money out of it.

Most current accounts allow you to carry out the same basic functions, including:

  • Withdrawing and depositing money
  • Paying for goods and services with a debit card
  • Setting up a standing order
  • Arranging an overdraft


There are also a number of different types of current account, including:

  • Standard current accounts
  • Interest bearing current accounts
  • Current accounts for bad credit
  • Rewards current accounts
  • Student current accounts
  • Business bank accounts

Apply now for an icount prepaid current account!

Apply Now

What are the benefits of the icount current account?

A current account with instant approval*

With the icount current account, you’ll get instant approval* so you can set up your account within minutes. If you’ve had trouble opening a bank account in the past, you won’t have any problems applying for the icount current account.

No credit check needed to apply

There are no credit checks involved when applying for an icount current account. Most high street bank account providers perform a credit history check when you apply for their current account. If you don’t quite fit their acceptance criteria, you could be refused a bank account.

However, with icount, there are no credit checks in the application process, so you’ll be able to use your current account straight away.

Check your balance, wherever you are

Take advantage of the Cashplus mobile app and ‘Online Servicing’, which allows you to monitor your icount card balance on the go.

Overdraft facility for spending emergencies

Once you’ve set up your icount basic bank account, you can apply for an iDraft. The iDraft is a £250 arranged overdraft facility, that costs only 75p per day to use and the maximum you can get charged is £10 per month. This allows you to spend over your balance when you’re in need of extra cash.

Establish or rebuild your credit profile with Creditbuilder™

Add the Creditbuilder™ to your icount card for free, to rebuild or establish your credit score with regular monthly repayments. This feature isn’t usually included with standard high street bank accounts making the icount current account a great option if you’re wanting to improve your credit score.

Apply now for an icount prepaid current account!

Apply Now

FAQs about current accounts

‘Can you open a current account with bad credit?’

Yes! As mentioned above, the icount current account comes with no credit checks, therefore you can open an account with bad credit.

‘Can you set up a current account online?’

Yes. Similarly to icount, many banks offer an online sign-up process, eliminating the need for you to visit a brick and mortar bank branch.

‘Who can open a current account?’

To open a bank account independently in the UK, you need to be at least 16 years of age. However, you do need to be aged 18+ to open an icount current account.

With icount, it is possible to have additional prepaid cardholders on the same current account. This is perfect for children and teens, but in most cases they’ll need the help of a parent or guardian who is aged 18+.

Want to learn more about managing your money?

If you’re looking for more financial advice and money saving tips, be sure to read our blog and money guides for additional information.

All about the icount current account with prepaid Mastercard®

Updated on 2018-04-06T15:07:07+00:00, by Michael Scott.