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

Free, No Fee Bank Accounts

  - If you just want to keep things simple, compare these top free bank accounts.

Find the Best Free Bank Account for you

Compare
Up to 3 products
side by side
Overdraft Rate (EAR)Interest Rate (AER)Additional InformationSearch all
147 accounts

0.00%
Fee: £1.00 Per Day
0.00%
  • £125 cashback for switched accounts
  • Authorised overdraft fee up to £3 per day
  • £3 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 £1.00 Per Day.

0.00%
Fee: £0.50 Per Day
5.00%
  • Existing customers who refer a friend both receive £100 when switching completed
  • At least £1,000 must be paid in each month
  • Access to Simply Rewards an exclusive website offering discounts and deals
Details...
Go to Site
. 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.

18.90%
Fee: £0.00
3.00%
  • 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.

19.84%
Fee: £6.00 Per Month
3.00%
  • £5 paid if 2 DDs held, further £5 if 20 debit card transactions made in a month
  • Credit interest payable on balances up to £1.5K when account is registered for online banking, paperless statements & correspondence
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £25.00 charged at 0.00% EAR Variable. Over £25.00 charged at 19.84% EAR Variable. Up to £25.00 Overdraft fee of £0.00 Per Month. Over £25.00 Overdraft fee of £6.00 Per Month.

19.89%
Fee: £6.00 Per Month
2.00%
  • Commission free travel money
  • High overdraft interest rate
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £25.00 charged at 0.00% EAR Variable. Over £25.00 charged at 19.89% EAR Variable. Up to £25.00 Overdraft fee of £0.00 Per Month. Over £25.00 Overdraft fee of £6.00 Per Month.

12.50%
Fee: £6.00 Per Month
0.25%
  • Credit interest payable up to £2,000
  • Cannot open via internet
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 12.50% EAR Variable. Overdraft fee of £6.00 Per Month.

14.60%
Fee: £0.00
0.00%
  • No funding requirement. No overdraft fees
  • No credit interest and no account benefits
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 14.60% EAR Variable. Overdraft fee of £0.00 Per Month.

15.90%
Fee: £0.00
0.00%
  • Low authorised 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.

18.90%
Fee: £0.00
0.00%
  • Cashback on operating account
  • No interest free overdraft buffer
  • Monthly funding of £800 required
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 Per Month.

19.89%
Fee: £6.00 Per Month
0.00%
  • No minimum funding required
  • High rate of interest on overdrafts
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 19.89% EAR Variable. Up to £10.00 Overdraft fee of £0.00 Per Month. Over £10.00 Overdraft fee of £6.00 Per Month.
Compare
Last Updated: Thursday 27 July 2017 17:25

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.

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.

 
 
Time to switch current account?
Time to switch current account?

Many of us have been with our current account provider for years, and often fail to give switching m... More

6 of the best high interest current accounts
6 of the best high interest current accounts

At one time, savings accounts were the only sensible place to put your hard-earned cash, but thanks ... More

Beat inflation with high interest current accounts
Beat inflation with high interest current accounts

Figures earlier this week revealed that there are still no savings accounts that beat inflation, but... More

Current account rewards disappearing
Current account rewards disappearing

Dampening activity in the banking sector has started to affect the perks that customers have been ab... More

New current account switching incentives
New current account switching incentives

Yesterday, Halifax announced the return of its popular £125 switching incentive. With HSBC having an... More

What is a continuous payment authority?
What is a continuous payment authority?

Don’t confuse a continuous payment authority with a direct debit or standing order. If you do, it ca... More

Current account jargon buster
Current account jargon buster

Trying to find a current account but baffled by the jargon? Use our jargon buster to find about basi... More

7 steps to getting (and staying) overdraft-free
7 steps to getting (and staying) overdraft-free

Get yourself overdraft free by following our practical, seven step guide. You can actually turn a ba... More

Current account from RBS is ‘excellent’
Current account from RBS is ‘excellent’

Royal Bank of Scotland has increased the usage fee for one of its current accounts, but despite this... More

High interest current account stays in the charts
High interest current account stays in the charts

Santander has increased the account fee on its high interest current account, but despite this, it h... More

Tesco Bank removes current account fee
Tesco Bank removes current account fee

Tesco Bank has removed the £5 monthly usage fee on its current account, cementing its standing in th... More

Current account for 11-17 yr-olds gets 5 stars
Current account for 11-17 yr-olds gets 5 stars

Nationwide has unveiled a new current account designed for the younger banker that has scored full m... More

Santander adjusts overdraft fees
Santander adjusts overdraft fees

Santander has reviewed its overdraft charges on its 123 Current Account. As a result, customers who ... More

Close