Free Bank Accounts - No Monthly Fee | moneyfacts.co.uk

Free, No Fee Bank Accounts

  - Keep things simple. Stay in credit and enjoy free banking with these top providers.

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Overdraft Rate (EAR)Interest Rate (AER)Additional InformationSearch all
135 accounts

19.84%
Fee: £6.00 Per Month
5.00%
  • Credit interest payable on balances up to £1.5K when account is registered for online banking, paperless statements & correspondence
  • High arranged overdraft interest rate plus monthly usage fee
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £35.00 charged at 0.00% EAR Variable. Over £35.00 charged at 19.84% EAR Variable. Up to £35.00 overdraft: fee of £0.00 per month. Over £35.00 overdraft: fee of £6.00 per month.

0.00%
Fee: £0.50 Per Day
5.00%
  • 5% AER credit interest on balances up to £2.5K for first 12 months
  • At least £1,000 must be paid in each month
  • Earn up to £500 per year through recommend a friend scheme
Details...
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. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £10.00 overdraft: fee of £0.00 per day. Over £10.00 overdraft: fee of £0.50 per day.

0.00%
Fee: Per Day
0.00%
  • Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card
  • High daily arranged borrowing charges
  • £2 reward when £750 per month paid in and 2 different Direct Debit mandates held, account must be in credit at the end of each day
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £0.01 per day for each complete £6.00 overdrawn.

0.00%
Fee: Per Day
1.50%
  • Flat rate of credit interest up to £5,000
  • High daily arranged borrowing charges
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £0.01 per day for each complete £6.00 overdrawn.

18.90%
Fee: £0.00
1.00%
  • Credit interest paid and Clubcard points awarded on card purchases
  • Internet applications only
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.

15.90%
Fee: £0.00
0.00%
  • Low arranged overdraft interest rate
  • No interest paid on credit balances
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £100.00 charged at 0.00% EAR Variable. Over £100.00 charged at 15.90% EAR Variable. Overdraft fee of £0.00 per month.

15.00%
Fee: £0.00
0.50%
  • Tiered credit interest payable on balances up to £85K
  • Applications via app only
  • Swtich Service Gurantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 15.00% EAR Variable. Overdraft fee of £0.00 per month.

18.90%
Fee: £0.00
0.00%
  • Eligible for preferential savings rates
  • No credit interest paid
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.

18.90%
Fee: £0.00
0.00%
  • Earn up to £500 per year through recommend a friend scheme
  • Must fund account at least £750 each month
  • Switch Service Guarantee member
Details...
Go to Site
. Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.

18.90%
Fee: £0.00
0.00%
  • Cashback on operating account
  • No credit interest paid
  • £4 reward when £800 per month paid in and 4 different Direct Debit mandates held, account must remain within agreed arranged overdraft limit
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.

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Disclaimer:

All overdrafts are subject to the applicant’s status. You may not be offered credit. All rates and fees are subject to change without notice. Please check all rates and terms before borrowing.

Moneyfacts.co.uk Limited is an independent credit broker not a lender. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

 

Free Bank Accounts

Some bank accounts will charge a monthly or annual fee. Free bank accounts do not carry these charges but may pay a lower rate of interest as a result. You don't have to pay to have an account, but you will still be liable for overdraft and other charges set out in the account's terms.

Most free bank accounts can be accessed in a number of ways, such as through a bank branch, via online banking or telephone banking.

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