Current Account & Debit Card
Selecting a banking solution can be a frustrating, difficult experience after serving a prison sentence. With unrealistic credit expectations, hidden fees and the inaccurate stigma that surrounds former inmates, finding a financial institution that will not only open an account for you but also provide a debit card can be a taxing chore. Not only will we provide you with a fully functional banking solution to protect your new income, Renovare will also give you a contactless debit card and an online banking solution to make purchasing easier. We have done all the work; you just have to register to be a part of it.
Banking is the primary hurdle that an ex-offender must overcome when released, they find that most high street banks when they apply for a basic bank account and confirm their criminal record and have a credit check, the system will decline them. The Renovare banking solution is credit check free and allows you to make direct debit transactions, to receive payments such as benefits and wages and make ATM withdrawals. If you are newly released from prison, we need your prison license as a form of identification. For everyone else applying, we will require an ID and proof of address.
If you are unsure about the requirements, please feel free to get in touch.
Your Renovare Visa Card will be issued by Contis Financial Services Ltd who is authorised by The Financial Conduct Authority to issue e-money (Firm Reference Number: 900025) and is a member of Visa. Please note that Renovare Debit card is an electronic money product and although it is a product regulated by The Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. We ensure that any funds received by you are held in a segregated account so that in the unlikely event that Contis Financial Services Ltd becomes insolvent your funds will be protected against claims made by creditors.