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Nationwide BS Logo
Nationwide BS FlexDirect - Funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
2.00%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
2% AER credit interest on balances up to £1.5K for first 12 months
At least £1,000 must be paid in per month
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
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 - £1500.00
1.98%
2.00%
£1500.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
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% 8 days 11 days
Get internet banking 0% 11 days 16 days
Get an overdraft 0% 8 days 11 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
Switched Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2020
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.27

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.
Credit cards - preferential terms
- Eligible for Member Credit Card.
Starling Bank Logo
Starling Bank Current Account - Age 18 and over FSCS logo
FSCS logo
Overdraft Rate (EAR)
15.00%
Interest Rate (AER)
0.05%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Credit interest payable on balances up to £85K
No branches
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 15.00% EAR Variable. Representative 15.0% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

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

Facilities

Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £85000.00
0.05%
0.05%
£85000.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
£0.00 / £0.00
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% 1 day 1 day
Get a debit card 0% 3 days 6 days
Get internet banking 100% 1 day 1 day
Get an overdraft 100% 1 day 1 day
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
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.17% - Per Month
15.00%
Grace period
23:59 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
23:59 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
15.00%-35.00%
0.00%
£0.00
Data as of: 31 December 2020
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
15.0%-35.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£1.35
£5.81
£11.62

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Barclays Bank Logo
Barclays Bank Bank Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
35.00%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No minimum funding needed
No credit interest paid
Overdrafts are subject to application, financial circumstances & borrowing history
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200. Up to £15.00 charged at 0.00% EAR Variable. Over £15.00 charged at 35.00% EAR Variable. Representative 35.0% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
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
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

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
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
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* 90% 1 day 13 days
Get a debit card 0% 4 days 7 days
Get internet banking 0% 4 days 6 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
0.00% for 3 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
£15.01
2.53% - Per Month
35.00%
Grace period
15:00 same day
Unarranged Overdraft
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
35.00%
0.00%
£0.00
Data as of: 31 December 2020
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
35.0%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£2.88
£12.45
£25.21

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.
Exclusive offers with this account
- Free personalised debit card. You can upload own pictures or choose from extensive online gallery.
CardOneMoney Logo
CardOneMoney Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£12.50 pm. £5.00 pm
Account Management
Not Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No unpaid charges
Money is not protected by the UK Deposit Protection Scheme
£10 redemption fee on current account closure
Go To Provider's Site
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£12.50 Per Month. £5.00 Per Month (Additional cardholder)
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£450

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £50000.00
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
£3.00 / £3.00

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft

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 cash rewards of up to 3.5% at more than 35 major high street retailers when using CardOneMoney card.
Adviser offering financial services
- One-to-one Account Manager.
Cashplus Logo
Cashplus Activeplus FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£5.95 pm
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No debit card transaction fees payable
£5.95 monthly account fee
£10 cancellation fee on account closure
Go To Provider's Site
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£5.95 Per Month
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£10.00 - £5000.00
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£3.00 / £3.00

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashplus Logo
Cashplus Deluxe FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
0.00%
Account Fee
£9.95 pm
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Free UK ATM withdrawals and no debit card transaction fees payable
£9.95 monthly account fee
£10 cancellation fee on account closure
Go To Provider's Site
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£9.95 Per Month
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£10.00 - £5000.00
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£3.00 / £3.00

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft

Benefits

Some benefits might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
HSBC Logo
HSBC Advance FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
£125 for accounts switched using CASS
High minimum funding required
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200. Up to £25.00 charged at 0.00% EAR Variable. Over £25.00 charged at 39.90% EAR Variable. Representative 38.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £10500.00 Every 6 months. Regular Funding/Income: Min £1750.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
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* 22% 1 day 27 days
Get a debit card 0% 6 days 13 days
Get internet banking 0% 5 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
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£25.01
2.84% - Per Month
39.90%
£0.01
0.00% - Per Month
0.00%
Grace period
23:45 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Refused Payment Fee
£0.00
Grace Period
23:45 same day
Monthly Maximum Charge
20.00
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
34.05%
34.05%
£0.00
Data as of: 31 December 2020
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
38.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.10
£13.29
£26.59

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 switching account
- £125 for new accounts when a minimum of two Direct Debits or Standing Orders are switched using the Current Account Switching Service within 30 days of account opening.
Emergency Cash Service
- Free Emergency Cash Service to withdraw up to USD 10,000 from any HSBC branch worldwide.
Savings - preferential terms
- Eligible for Regular Saver product.
Nationwide BS Logo
Nationwide BS FlexAccount FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Eligible for Member Credit Card
At least £750 must be paid in per month
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
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
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
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
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% 8 days 11 days
Get internet banking 0% 11 days 16 days
Get an overdraft 0% 8 days 11 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
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.88% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2020
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.27

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.
Credit cards - preferential terms
- Eligible for Member Credit Card.
Nationwide BS Logo
Nationwide BS FlexDirect - Non-funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Eligible for Member Credit Card
No credit interest paid
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
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
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
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% 8 days 11 days
Get internet banking 0% 11 days 16 days
Get an overdraft 0% 8 days 11 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
Switched Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2020
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.27

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.
Credit cards - preferential terms
- Eligible for Member Credit Card.
Nationwide BS Logo
Nationwide BS FlexPlus FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
£13.00 pm
Account Management
Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Worldwide insurance
No credit interest paid
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
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+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
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% 8 days 11 days
Get internet banking 0% 11 days 16 days
Get an overdraft 0% 8 days 11 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
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.88% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2020
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.27

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.
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 £1.5K inc VAT. Cost of unauthorised calls up to a max of £2K inc VAT, up to £250 inc VAT PAYG. Accessory cover up to £250. Excess up to £125.
Credit cards - preferential terms
- Eligible for Member Credit Cards.
Vehicle breakdown cover
- Free UK and European breakdown cover including home assist, roadside & onward travel. Cover for account holders registered vehicle and any vehicle the account holder is travelling in. No Excess. No call out limit.
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 and delayed departure covers. Optional upgrades available.
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.

Quick Links

Quick links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use quick links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go to Provider' or 'Speak to a Broker' button, when you call an advertised number or when you complete an application.

A guide to current accounts

Derin Clark

Derin Clark

Online Reporter

At a glance

  • There are a range of current account types offering different benefits to different people. 
  • 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 bank account?

A current 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. They may also have an agreed overdraft facility (essentially a form of credit should you need it). 

Types of bank account

The different account types that are available to adults are:

Standard accounts

Standard accounts, 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 accounts

High interest current accounts offer 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 accounts

Basic or guaranteed accounts usually don't offer 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.

Accounts with overdrafts

Accounts with overdrafts allow you to go into debt on your account. Some of these accounts will 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 accounts

Free bank accounts won't charge you 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.

Packaged accounts

A packaged bank account is a current account that includes additional products and services – such as breakdown cover, mobile phone insurance, travel insurance, home emergency cover – exclusive access to other products from the bank, for example an exclusive rate of interest on a savings account and retailer offers and discounts. These accounts usually charge a monthly fee. Read our guide to packaged bank accounts to learn more. 

Organising insurance and breakdown policies individually

As an alternative to packaged bank accounts, you may want to organise insurance and breakdown cover individually. Discover the best UK policies with the help of Moneyfacts.co.uk. Learn more and apply direct today.

Home insurance

UK breakdown cover 

Home emergency cover

 

Student accounts

Designed to meeting the financial needs of students, student bank accounts tend to offer the same features as standard bank accounts alongside interest-free overdrafts and student incentives such as discounted rail travel. 

How to open a bank account

Most banks and building societies allow you to open a bank account in a branch, online, by phone or by post. The channel to open a bank account is dependent on the bank or building society and can be restricted for certain brands and products. For example, some of the challenger banks will only let you open an account using their mobile app and some bank accounts are only available online. Here are our seven steps to opening a bank account:

1. Select a bank account using our tables above

You can choose a bank account based on the channel you prefer to use to do your banking, such as online or in a branch. You may also want specific features and rewards such as an agreed overdraft, inclusive insurances and rewards or charitable donations.

2. Open a bank account online

If you are over 18 and have lived at the same address (and been on the electoral roll) for a number of  years, it is likely that you will be able to open a bank account online without the need to write or send anything such as an application form or identification in the post.

3. Check you are eligible for the account

Each bank account will have a required minimum age, place of residence (some accounts are only available in Northern Ireland or Scotland for example) and some accounts may have minimum salary requirements too.

4. Be ready for a credit check

The bank or building society will run a credit check (unless it is a guaranteed bank account, which doesn’t require this). Make sure you know your credit score before applying, a stronger score will increase the number of banks that will accept you.

5. Make sure you use the Current Account Switch Service

Our tables above show which products are available through the Current Account Switch Service. This service makes sure all of your regular payments are moved to your new bank account without you needing to do anything.

6. Complete your application

To open or switch a bank account, you will need valid ID and proof of address. You may be able to do this electronically online or your bank or building society may request posted certified copies or ask you to take these into a branch. 

7. Wait for your debit/cash cards

These arrive usually around one to two weeks after your account has been opened. Our banking service standards shows which banks perform best at shipping out new cards.

8. Set up online banking and/or download the app

You should receive instructions from your bank or building society about how to access your account securely online or via an app.

Who is a current account suitable for?

A current account suits anyone who wants or needs full access to the banking system. People with either no credit rating, or who have had credit problems, may not be granted a current account, but should be able to get a basic bank account. There are various account types to suit different people. The exact current account that would be most suitable to your needs will depend on several circumstances but given the number of accounts available on the market, there should be a suitable deal to be found. As account perks and features change over time, it’s probably a good idea to keep an eye on the market and consider changing your account if you’re not getting the most out of your current one.

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.

Key factors to consider

Fees

Some accounts charge a fee, normally to offset the cost to the bank of some other benefit available with the account, such as a lower overdraft rate, higher interest for in-credit balances, or an interest-free overdraft amount. Depending on your circumstances, the extra features could outweigh the fee, making it beneficial regardless. Other benefits that may be available on packaged accounts with a monthly fee are travel or breakdown insurance, discounts in certain shops or access to executive lounges at airports. While these extras could add up, remember that free banking is still widely available, so don't pay for things you don't need.

Funding requirement

You may be required to pay in a minimum amount of money per month. Usually, this restriction is applied to high interest current accounts, which offer a decent in-credit interest rate in exchange for your commitment and regular income. Aside from a minimum monthly funding amount, these accounts may require you to hold several direct debits on it, to make sure your account with them is your main banking product.

Credit interest

Competitive interest rates – some even inflation-beating – are available on high interest current accounts, but they may only be paid on the first part of the balance. After this, interest may not be paid at all, or at a very low rate, so you may want to maximise your returns by placing any money above this amount in a separate savings account. Note that these accounts do tend to come with high overdraft rates, so you should only consider an account that offers credit interest if you’re not someone who regularly goes overdrawn.

Overdrafts

Overdrafts are basically a form of credit; they're a facility that allows you to overspend, so should be avoided if possible. There are two sorts of overdraft: arranged overdrafts, where the bank agrees an amount by which you can go overdrawn, and unarranged overdrafts, which occur when you either exceed your arranged overdraft or go overdrawn without having an arranged overdraft.

If you are likely to dip into the red on your bank account, you should consider an account that charges a low rate for arranged overdrafts or offers you an interest-free tier before you get charged. This can prove to be very valuable if your income and outgoings are nearly the same and your account balance goes near or below zero on a regular basis.

While you should be aiming for only arranged overdrafts, you may also want to look at what rate you'll be charged on an unarranged overdraft should you go overdrawn unexpectedly. Overdraft interest can vary greatly between banks, so it's well worth shopping around. If you don't have an overdraft facility (which will be the case for basic bank accounts), it's doubly important to make sure you have enough money in the account to meet payments, as you may be charged a fee if a payment cannot be made.

Access to the account

Make sure you choose an account that you can access how you need. Some accounts are only accessible via internet and phone, while others allow you to deal with your account through branches and even the Post Office. This can be especially handy for paying in cheques or cash. While most banks will now offer contactless as standard on their debit cards, this easy payment method may not be available with every account. So, if you want to be able to spend small amounts of money without having to put in your PIN number, you may want to ask your bank whether they allow contactless payments before committing.

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.

Cash machines

Similarly, you’ll want to make sure that your account allows access from a wide range of cash machines and that these transactions are free. Just about all bank accounts give you a card so you can get money out of cash machines. Most transactions will be free of charge, but if you use cash machines in places like petrol stations, amusement arcades or nightclubs, you may be charged. It's worth understanding what type of cash card you'll get, and whether it is widely accepted, e.g. at Link machines.

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.

What is the Current Account Switch Guarantee Service?

The Current Account Switch Guarantee Service facilitates the moving of regular payment such as standing orders and direct debits to your new bank account. The service should take care of doing this for you and if something goes missing you should be protected. The switching service will not set up paperless statements or your account’s marketing preferences. You will still need to do this. You should also check that you have enough direct debits, etc in place to meet any criteria required for your bank account. Read our guide on the switching service to learn more.  

Current Account FAQs

How many current accounts can you have?

You can open multiple current accounts with a number of different banks. Different banks offer different levels of interest and features for their bank accounts. See our top rated bank accounts. 

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 rate that you are charged if you go into an arranged overdraft. Previously. if you exceeded your arranged overdraft limit, unarranged overdraft charges would apply, which could be a lot more expensive. However, as part of the FCA’s focus on reducing high cost credit this changed from 6 April 2020. From that date unarranged overdrafts must not be charged at a higher rate than arranged overdrafts, however the amount you pay for an arranged overdraft has increased in many cases. You can find both the arranged and 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. Read our guide to current account overdrafts to learn more. 

How do bank account providers make their money?

While providers use the funds in bank accounts to lend to others in the form of loans and overdrafts, gaining interest (and therefore money) in return, if a good rate of interest is offered on the account, they naturally make less money from it. That’s why these accounts tend to come with fees and/or high charges, such as for (unarranged) overdrafts or bounced cheques.

They also take a cut of each debit card payment made (called the interchange fee) and make money from fees and charges for things like overdrafts, refusing a payment due to a lack of funds in the account or using a debit card abroad, where they may charge a fee and make a profit on any currency exchange rate they offer.

Since some banking providers are more keen to gain custom than others, there can be huge differences in the benefits versus charges on offer across the market. That’s why it’s always a good idea to compare deals to find the best account for you – and to review your account occasionally. As bank account providers change their deals quite often, usually without adjusting the deal their current customers are getting, it pays to keep a weather eye on the market.

How do digital only banks work?

There are a growing number of online-only banks; some of these are challenger banks such as Atom, Starling and Monzo, while others such as Bo are brands that are part of a larger banking group. There are also fintechs that offer banking type services but are in fact a payment services provider rather than a bank. These online banks and services do not have any branches. Find out more about how online and digital banking apps work and how safe they are.

Sending money abroad

Find out how to send money abroad easily, securely and quickly using an international money transfer specialist. Our guide explains how it works and the costs involved.

 

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