Cashplus Current Accounts
- Cashplus is part of Advanced Payment Solutions (APS), a London-based company established in 2004.
- Compare information on Cashplus current account products in the tables below.
- Click on the links provided to apply direct with a provider.
Cashplus Current Accounts FAQ
Who is Cashplus?
Cashplus is a provider of banking services to consumers and businesses. It has been in operation since 2005 and is regulated by the FCA. Cashplus is a trading name of the Cashplus Group.
What kind of current accounts does Cashplus offer?
Cashplus offers consumers access to current accounts that offer basic banking services, such as account number, sort code, access to a prepaid debit Mastercard, same-day payments in and out of the account, direct debits and standing orders.
Can I get an overdraft with a Cashplus current account?
Cashplus does offer some of its current account customers access to a credit line. However, in order to be offered an ‘iDraft’ you will have to meet certain eligibility criteria, which will usually include a credit check.
The iDraft facility comes with fees for use, charged each day you are using the credit line. It’s important to establish how much it will cost to borrow before applying for an overdraft.
Can a Cashplus iDraft help me rebuild my credit record?
It is possible that responsible use of credit facilities, such as a limited overdraft, can sometimes help you to rebuild you credit record. Customers wishing to do this may consider opting into the Cashplus Creditbuilder tool.
Can I get a Cashplus current account if I have bad credit?
Cashplus does offer people with poor credit histories a current account. In fact, there are no credit checks carried out at the time of applying for a Cashplus current account and, providing you can prove that you have a UK address and are over 18, you shouldn’t have a problem opening an account online.
However, to add on extra features, such as the debit card and the iDraft facility, credit checks may be carried out and the results will impact how much you are offered in credit, for example.
Can I download an app for a Cashplus current account?
Yes. The Cashplus Mobile App is available for Android and Apple devices and allows user to carry out most basic banking functions, including ordering cards and applying for overdrafts.
Can I pay cash into my Cashplus current account in person?
Yes. You are able to pay your cash into the account at the Post Office and the money appears in the account right away.
Is a Cashplus current account free?
No. There are a number of different types of current account offered by Cashplus. Each of these offer different pricing options. They may carry monthly fees and/or usage fees – check the pricing terms carefully before you apply.
The iDraft overdraft facility also charges for use, so check the small print before signing up to an account or an overdraft facility with Cashplus or any other current account provider.
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