The Change Account provides an innovative alternative to traditional bank accounts and provide tools to help budgeting and money management.
The product is Mastercard© branded so it has all the power of one of the most recognised, accepted and trusted global brands behind it. The Change Account offers a Prepaid Debit Mastercard and has full transactional capabilities with multiple benefits including Faster Payments and Direct Debits.
- Card account
All money paid onto Your Change Account goes into Your Card account which you can access with your Card when withdrawing cash and making Card purchases. You can manage Your Card account online or through your mobile app.
- Change Account Wallets
You can set up one off or regular transfers from Your Card account to Your Wallets, allowing you to subdivide your payments for effective budgeting. You can manage Your Wallets online or through your mobile app.
- Your Online & Mobile App
The Change Account allows you to manage your finances online and via your mobile app 24 hours a day – securely, effectively and conveniently.
- Payment Alerts
Your Change Account offers automatic online payment alerts as well as optional alerts via SMS, mobile app and email – making tracking and managing your finances even easier.
- Transparent Costs
The Change Account has no hidden costs or penalty charges for missed payments. Costs for using Your Change Account are only taken from Your Card account, making Your Wallets secure for budgeting. You can view these costs online and via your mobile app.
- No Overdraft or Credit Facility
It is not possible to overdraw with Your Change Account which means you can only spend the money you have available.
- No Credit Check
Even if you have a bad credit history or have been made bankrupt you could still qualify for a Change Account. We do not exclude people for having a bad credit history as we want to offer an inclusive product available to all.
Its not just us that think The Change Account is great – it’s been nominated for two awards in 2015:
-Innovation in sustainability or social responsibility
-Most innovative support for customers in vulnerable circumstances
The Coventry and Warwickshire Reinvestment Trust (CWRT) is a not-for-profit organisation committed to supporting individuals, start-ups and businesses in Coventry and Warwickshire and further afield and through its investment, creating a positive and beneficial impact upon the local community. Obtaining business finance can sometimes be difficult. The lack of a track record, unreasonable security arrangements, past financial problems or simply not meeting conventional credit scoring methods may raise barriers to obtaining funding. Therefore, CWRT are there to help removes these barriers and provide you with an alternative route access the finance that you need. More for information, please check out their website – www.cwrt.uk.com
Start Up Loans Company (SULCo) is a subsidiary of the British Business Bank and delivers the Government’s Start Up Loans program providing finance and support for businesses who struggle to access other forms of finance.
SULCo works with a national network of Delivery Partners that are based across England, Wales, Scotland and Northern Ireland. In addition to helping applicants prepare their business plan and cash flow forecast, Delivery Partners are responsible for assessing final applications and providing ongoing mentoring support to successful applicants.
Street UK is working in partnership with SULCo as a Finance Partner to provide personal loans for business start-ups, loans start from £500 to £25,000 at a fixed interest rate of 6% per annum, there are no setup or early repayment fees.
In addition to financing SULCo, via their network of Delivery Partners provide;
- Support with business plans & cash flow forecasts
- Start Up workshops and one to one business support
- A professional business mentoring service, post loan
- Access to free PR services
- Special business offers from partners; Intuit, Paypal and much more.
- Who can apply?
Individuals who are starting a business or have been trading for less than 24 months. Start Up Loans Company is a government funded initiative that provides start up support in the form of an unsecured repayable personal loan for business purposes, together with a business mentor for entrepreneurs across England and Wales.
Loans are provided by Street (UK) C.I.C which is fully Authorised and Regulated by the FCA (No.673046)
- Representative Example
£15,000 loan over 60 months
60 monthly payments of £291.31
Rate of interest 6% p.a.
Fixed representative 6.19% APR,
Total amount payable £17,478.60
- Further Information
For further information please visit https://www.startuploans.co.uk