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There are several different kinds of current accounts. You will usually start out with a youth or student bank account, which offer special deals that attract young people, such as a travel card. Once you're a working adult, any student or youth account will be automatically changed to a standard bank account with the same provider. However, you don't have to stay put, as you may be able to find a deal more suited to your needs elsewhere. Compare the best bank accounts and find the current account that meets your needs.  If you would like more information on our bank accounts read our guide below.

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Select from the filters to refine your results and find what you are looking for:

Nationwide BS Logo
Nationwide BS FlexDirect - Funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£0.50 Per Day
Interest Rate (AER)
5.00%
Account Fee
N/A
Account Management
Additional Information
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
Go To Provider's 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.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £1000.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £2500.00
4.89%
5.00%
£2500.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Nationwide BS Logo
Nationwide BS FlexPlus FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£0.50 Per Day
Interest Rate (AER)
3.00%
Account Fee
£13.00 pm
Account Management
Additional Information
Earn up to £500 per year through recommend a friend scheme
Arranged overdraft is fee based
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £250.00 overdraft: fee of £0.00 per day. Over £250.00 overdraft: fee of £0.50 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£13.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Packaged Account
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £2500.00
2.96%
3.00%
£2500.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
0.00% for 3 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Mobile phone insurance
- Free worldwide cover on mobile or smartphone against loss, theft, damage, breakdown and unauthorised calls for all family members living at the same address. Max 4 successful claims per 12 months. Mobile phone up to the max individual retail cost or value of £1K inc VAT. Cost of unauthorised calls up to a max of £2K inc VAT, upto £250 inc VAT PAYG. Accessory cover upto £250. Excess up to £100.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Vehicle breakdown cover
- Free UK and European breakdown cover including home assistance, home transfer and relay cover for account holder. Personal cover protecting customer regardless of which vehicle they are in and vehicle cover giving protection to any driver authorised by the account holder using the account holder's vehicle.
Worldwide insurance
- Free. Covers account holder and family (also when travelling independently). Maximum cover age 69 years old. Available on trips up to 31 days. Includes winter sports, golf, wedding and business trips. Includes baggage, cancellation cover and delay with additional expenses for food and travel if delayed by 4 hours or more.
Santander Logo
Santander 123 Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£1.00 Per Day
Interest Rate (AER)
1.50%
Account Fee
£5.00 pm
Account Management
Additional Information
Interest paid on credit balances up to £20K
Arranged overdraft daily usage fee
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £500.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£5.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £20000.00
1.49%
1.50%
£20000.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.25 / £1.25
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
1.50% (Min £1.99) / 1.50% (Min £1.99)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 78% 1 day 10 days
Get a debit card 0% 7 days 7 days
Get internet banking 0% 7 days 9 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 4 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 4 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Earn up to 15% cashback from selected retailers when using a Santander debit card or credit card
Cashback on operating account
- Cashback of 1% on water & council tax bills and Santander mortgage payments up to maximum £1K per month, 2% on gas & electricity bills and Santander home insurance and life protection premiums paid by DD from this account, 3% on communication bills. All subject to minimum 2 DDs of household bills paid from account.
Exclusive offers with this account
- Free access to preferential rates, exclusive offers and discounts at 123 World.
Nationwide BS Logo
Nationwide BS FlexDirect - Non-funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£0.50 Per Day
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Additional Information
Earn up to £500 per year through recommend a friend scheme
No interest paid on credit balances
Switch Service Guarantee member
Go To Provider's 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.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Max £999.99 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Santander Logo
Santander Everyday Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£1.00 Per Day
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Additional Information
No monthly funding requirement
No interest on credit balances
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Offset Option
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.25 / £1.25
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
1.50% (Min £1.99) / 1.50% (Min £1.99)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 78% 1 day 10 days
Get a debit card 0% 7 days 7 days
Get internet banking 0% 7 days 9 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 4 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 4 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
£12.00
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Earn up to 15% cashback from selected retailers when using a Santander debit card or credit card
Santander Logo
Santander 123 Lite Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£1.00 Per Day
Interest Rate (AER)
0.00%
Account Fee
£1.00 pm
Account Management
Additional Information
Cashback on household bills
Arranged overdraft daily usage fee
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £500.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£1.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.25 / £1.25
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
1.50% (Min £1.99) / 1.50% (Min £1.99)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 78% 1 day 10 days
Get a debit card 0% 7 days 7 days
Get internet banking 0% 7 days 9 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 4 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 4 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Earn up to 15% cashback from selected retailers when using a Santander debit card or credit card
Cashback on operating account
- Cashback of 1% on water & council tax bills and Santander mortgage payments up to maximum £1K per month, 2% on gas & electricity bills and Santander home insurance and life protection premiums paid by DD from this account, 3% on communication bills. All subject to minimum 2 DDs of household bills paid from account.
Exclusive offers with this account
- Free access to preferential rates, exclusive offers and discounts at 123 World.
first direct Logo
first direct 1st Account - without First Directory FSCS logo
FSCS logo
Overdraft Rate (EAR)
15.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
£10.00 pm
Account Management
Additional Information
No arranged overdraft fees
No interest paid on credit balances
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500. Up to £250.00 charged at 0.00% EAR Variable. Over £250.00 charged at 15.90% EAR Variable. Overdraft fee of £0.00 per request.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£10.00 Per Month. Account fee waived if minimum funding of £1K per month from an external source is met, or £1K average monthly balance is maintained or hold a selected first direct additional product. Fee waived for the first 6 months
Introductory Account Fee
None

Facilities

Account Sweeping
Cheque Book
Direct Debits
Offset Option
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
2.00% (Min £1.75, max £5.00) / 2.00% (Min £1.75, max £5.00)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 9 days 42 days
Get a debit card 0% 6 days 8 days
Get internet banking 0% 6 days 7 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£250.01
1.24% - Per Month
15.90%
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
£10.00
Monthly Maximum Charge
80.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- Earn cashback with selected retailers via Visa Offers, customers can register up to five seperate first direct Visa cards.
Cashback on switching account
- £100 for accounts switched using Current Account Switching Service and at least £1K credited within 3 months. Additional £100 if account closed within 12 months, minimum £1K a month must have been credited for 6 months.
Preferential terms for currency, travellers cheques or other travel money
- Commission free travel money.
first direct Logo
first direct 1st Account - with First Directory FSCS logo
FSCS logo
Overdraft Rate (EAR)
15.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
£15.00 pm
Account Management
Additional Information
Worldwide mobile phone insurance up to £1.5K
No interest paid on credit balances
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500. Up to £250.00 charged at 0.00% EAR Variable. Over £250.00 charged at 15.90% EAR Variable. Overdraft fee of £0.00 per request.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years / Max Under 70 Years
Eligibility
None
Account Fee
£15.00 Per Month (Minimum term 12 months)
Introductory Account Fee
None

Facilities

Account Sweeping
Cheque Book
Direct Debits
Offset Option
Packaged Account
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 9 days 42 days
Get a debit card 0% 6 days 8 days
Get internet banking 0% 6 days 7 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£250.01
1.24% - Per Month
15.90%
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
£10.00
Monthly Maximum Charge
80.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- Earn cashback with selected retailers via Visa Offers, customers can register up to five seperate first direct Visa cards.
Cashback on switching account
- £100 for accounts switched using Current Account Switching Service and at least £1K credited within 3 months. Additional £100 if account closed within 12 months, minimum £1K a month must have been credited for 6 months.
Mobile phone insurance
- Free worldwide cover on mobile or smartphone against loss, theft or accidental damage up to the max individual limit of £1.5K. Unauthorised calls up to £1.5K on contract phones, £150 PAYG. Max 2 successful claims per 12 months. Excess of £50.
Leisure or sporting attractions - preferential terms
- Discounts through specially negotiated deals on days out.
Restaurants - preferential terms
- Discounts through specially negotiated deals at restaurants.
Vehicle breakdown cover
- Free RAC breakdown cover including Roadside, Recovery, At Home, Onward Travel and European Motoring Assistance. Covers account holder as a driver or passenger in an eligible vehicle.
Preferential terms for currency, travellers cheques or other travel money
- Commission free travel money.
Worldwide insurance
- Free Worldwide Travel Insurance with Aviva. Covers account holder and family. Max cover age 69 years old. Available trips up to 31 days (183 days pa). Includes winter sports cover (limit 31 days pa). Includes baggage, delay and cancellation cover.
Nationwide BS Logo
Nationwide BS FlexAccount - Funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
18.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Additional Information
Earn up to £500 per year through recommend a friend scheme
Must fund account at least £750 each month
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £750.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 3 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Nationwide BS Logo
Nationwide BS FlexAccount - Non-funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
18.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Additional Information
Earn up to £500 per year through recommend a friend scheme
No credit interest paid
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Max £749.99 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 3 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution. 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.

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.

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Still not sure?

Guides
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Can you open an account without proof of address?

Our guide to opening an account without proof of address.

Read More
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What are basic bank accounts?

Our guide to basic bank accounts.

Read More
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How does a current account overdraft work?

Our guide top the workings of current accounts.

Read More
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Things your bank will never ask you to do

These are the things your bank will never ask you for or to do.

Read More

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Best bank accounts

nigel woollsey

Nigel Woollsey

Online Writer
Published: 12/03/2019

At a glance

  • There are a range of current account types offering different benefits to different people. Make sure you choose a current account that is right for your circumstances.
  • Most accounts come with a cash card or debit card. You may also be offered a cheque book and the option to have an agreed overdraft.
  • Some current accounts come with monthly or annual fees. Make sure you know how much your bank will be charging you and when.
  • A credit check will be performed when you open a new current account so be sure that your credit score is as healthy as possible beforehand.

What is a current account?

A current/bank account lets you keep your money in a safe place while still allowing you to spend it, transfer it, use it to pay bills and have more added to it. Current accounts usually come with a cash or debit card, which you can use to make purchases or withdraw money from your account.

Types of current account

The different 'adult' account types you can choose from are:

  • A standard account, which offers you all the 'standard' account features, but nothing extra. These accounts may or may not charge a monthly or annual fee.
  • high interest current account, which offers you a competitive interest rate on funds up to a certain balance and/or monthly cashback for keeping your account in credit. These accounts may come with monthly fees, and will likely require a certain income and number of standing orders or direct debits, but could offer you some extra cash on a monthly basis if you use them well.
  • basic or guaranteed account, which usually does not have an overdraft so you can't get into the red. These accounts are designed for those with bad credit or no credit history. To that purpose, guaranteed bank accounts don't even require a credit check. In exchange for letting people with bad credit bank with them, they may charge certain fees, which makes them less attractive to people once they've improved their credit score.
  • An account with an overdraft, which allows you to go into debt on your account without being charged huge interest rates or excessive (or even any) fees. Some of these accounts will however charge monthly fees, and the overdraft deal may be limited to arranged overdrafts (where the provider has agreed that you can go into debt on your account up to a certain limit).
  • free bank account, with which you can be sure that you will not be charged a monthly fee (though they'll likely still come with fees for overdrafts, etc.). They may offer in-credit interest, overdraft deals or other enticements, and may have funding requirements.
  • A packaged account, which offers deals on (or free) insurance and such. You will likely have to pay an account fee, but this should ideally be less than what you would pay to get travel or mobile insurance separately, for instance; always do a few calculations and comparisons first to make sure. There are not that many packaged accounts nowadays and you'll be able to find some of these deals by selecting these on the features tool. Don't get too tempted by attractive deals, however. If you don't own a car, complementary breakdown cover will only go to waste.

Current account FAQs

Aside from the different account types, there are likely some basics you'll want to know. That's why we've answered some of the most frequently asked questions:

Can I have more than one current account?

Yes, there's nothing stopping you from opening multiple current accounts, but beware that this will likely impact your credit score and might make it harder for you to get the most out of any one of them.

Should I get a savings account or a current account?

A savings and current account are by no means mutually exclusive. In fact, it's probably a good idea to have both. You may even require a current account to be able to open some loyalty-based savings accounts.

An easy access savings account can complement your bank account perfectly, as it allows you to put your money aside while getting a hopefully competitive rate of interest, and you'd still be able to access the funds should you need them. For better rates, you'd need to put your funds aside for longer, in a fixed rate bond for instance, or keep adding money every month to a regular savings account.

If you really only want one account, some high interest current accounts could be used as a form of savings account, but given their restrictions they’d only be suitable for smaller savings pots. Remember that there's nothing stopping you from getting a combination of account types.

Will I get a debit card?

Check the 'Further Details' on the account you're interested in to make sure, but most accounts will offer a debit card. Beware that a few accounts may offer a cash card instead, which you would only be able to use at ATMs. Read more on the difference between a cash and debit cards in our guide.

Can I get a free current account?

Yes, there are free current accounts available. Just select 'Free in the relevant search box and all current accounts that come without monthly or annual fees will be selected. These accounts will still charge fees for overdrafts and for some other types of transactions.

What happens if I go over my agreed overdraft limit?

The column 'Overdraft Rate' will show you the fee and/or rate that you are charged if you go into an arranged overdraft. If you exceed your arranged overdraft limit, unarranged overdraft charges will apply, which can be a lot more expensive.

You can find the unarranged overdraft charges for each account by clicking on 'Further Details'. Your overdraft limit will be determined by your credit history – your provider may change it depending on whether and how you use it.

How can I avoid unarranged overdraft costs?

Unarranged overdrafts, which occur when you exceed your arranged overdraft, or go into the red without an agreed overdraft in place, can be avoided in several ways. You could try to make sure that you never get close to zero on your current account; banks are now required to warn you if you're approaching an unarranged overdraft, giving you time to credit your account. Or, you could get an account with overdraft facilities so it doesn't cost anything, or as much, to go overdrawn up to a certain amount, and make sure to never exceed that agreed limit.

Choosing a current account

Now that you've got some idea of what current accounts there are to choose from, you'll have to determine which is the best current account for you. This will of course depend on your personal circumstances. If you're often overdrawn, you'll likely be drawn to an account with overdraft facilities. If you never go overdrawn, on the other hand, you might want to take advantage of a high interest current account instead.

If you're looking for the best current account that gives you something back, a switching incentive might lure you in with an offer of up to £100, or sometimes even more, straight away. However, a little bit extra every month might work out as more lucrative over the long run, so you may want to consider a cashback or interest-paying current account instead. Regardless, remember that a lot of incentives will require you to close your old account, so you can't just open an extra account for a cash offer.

Whatever you are after, make sure to compare current accounts on all their features, not just their benefits, otherwise you might find that a cashback offer is undone by a high account or overdraft fee. Once you've made your choice, it's easy to switch bank accounts, especially thanks to the Current Account Switch Service and its accompanying guarantee. Read our current account switching guide to find out which providers offer it – you'll find that almost all do nowadays.

Note that a lot of banks now offer smartphone apps that let you do your banking on your phone. Some banks are even smartphone-exclusive, so you won't be able to access your account any other way. Look at the account management options before you decide on an account – it may have all the features you're looking for, but if you can't use it in the way that you like, you will likely end up regretting your choice.

How to open a bank account

Once you've picked the best bank account for you and you're happy you can open and manage it the way that you like, all you need is a valid ID and proof of address to open a new account or switch over. If you're applying online (by clicking through from our table, for instance), the provider should talk you through exactly what you need to do, including if you want to close an old account when you switch.

There are a few things to watch out for when opening an account. First, be aware that when you apply the provider will run a credit check. To maximise the chances of your application being accepted, you'll want to know what your credit score is and, if necessary, improve it.

Second, make sure that you are actually eligible. This means seeing whether you're the right age (usually 18+), in the right country (some deals may not be available in Northern Ireland or Scotland, for instance) and have the right income. For some accounts, you will need to make minimum pay-ins every month, which is usually covered by a minimum income requirement. If you apply for an account without checking these things first, your application may be rejected and your credit rating will be negatively impacted as a result.

You should not need to set up or switch any direct debits or standing orders which were on your old account, provided your new bank is part of the Current Account Switch Service. Under this scheme, your regular payments should get moved over automatically, and in the unlikely event that one does get lost, the switch guarantee means you shouldn’t have to pay the price.

The switch service does not take into account how many direct debits and standing orders you have, however, so if your new account requires a certain minimum amount, you'll have to ensure that you have sufficient automated payments in place yourself. Likewise, if certain account rewards rely on you getting paperless statements, you will likely have to turn these off yourself as well, or risk missing out.

So, there are a few things to look out for when opening a new account or switching your current account. The process itself should be fairly easy, and can be very lucrative if you find the right account for you.

Moneyfacts tip

Moneyfacts tip nigel woollsey

The safest method of avoiding arranged overdraft charges on a current account is to choose a basic bank account which does not have an overdraft. To avoid the hefty fees charged on unauthorised overdrafts keep a close eye on your balance and always make sure there is enough money in your account to cover your spending, as well as any direct debits or standing orders. 

magnify glass over graph

At a glance

  • There are a range of current account types offering different benefits to different people. Make sure you choose a current account that is right for your circumstances.
  • Most accounts come with a cash card or debit card. You may also be offered a cheque book and the option to have an agreed overdraft.
  • Some current accounts come with monthly or annual fees. Make sure you know how much your bank will be charging you and when.
  • A credit check will be performed when you open a new current account so be sure that your credit score is as healthy as possible beforehand.

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