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.

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

19.84%
Fee: £6.00 Per Month
5.00%
  • £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.

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...
. 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.
  • Arranged overdraft fee £0.01 per £7.00 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. Up to £6.99 overdraft: fee of £0.00 per day. Over £6.99 overdraft: fee of £0.01 per day for each complete £7.00 overdrawn.

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.

0.00%
Fee: Per Day
2.00%
  • Commission free travel money
  • £0.01 for every £7 borrowed per day
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £6.99 overdraft: fee of £0.00 per day. Over £6.99 overdraft: fee of £0.01 per day for each complete £7.00 overdrawn.

12.50%
Fee: £6.00 Per Month
0.50%
  • Credit interest payable up to £2,000
  • Fees charged for arranged overdraft usage.
  • 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.

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.

14.90%
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 14.90% EAR Variable. Overdraft fee of £0.00 per month.

17.90%
Fee: £0.00
0.00%
  • Discounts available via Advance Members website
  • High minimum funding required
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 17.90% EAR Variable. Overdraft fee of £0.00 per request.

18.90%
Fee: £0.00
0.00%
  • Cashback on operating account
  • No credit interest paid
  • 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.

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.

 
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