Compare current accounts

What’s a current account?

A current account is a bank account that gives you instant access to your money and that you can use for your day-to-day financial life. It lets you receive your salary, pay your bills, make purchases, and send and receive payments; many accounts offer all this for free. You’ll get an account number, a sort code, a debit card and usually an internet banking service, mobile app or both. Typically, you won’t get a great interest rate on money you’ve deposited in a current account, but most offer an overdraft (which will cost you in interest charges).

While accounts’ basic functions are similar, there are some key differences when it comes to interest rates, customer service, online and app features and, of course, switching incentives like free money. One major difference is that some accounts are protected by the Financial Services Compensation Scheme (FSCS), and some aren’t. The FSCS protects deposits up to £120,000 in your account if you bank goes bust.

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How to compare current accounts

The best current account for a school leaver in their first job may not the best one for a frequent traveller with complex financial needs, so you’ll have to figure out which banking features are the most important to you.

Here’s our checklist for how to find the right current account for you.

1. Check the ways you can bank. Do you need an extensive branch network that you can visit in person, or are you happy to manage all of your finances online or on a mobile app? And if your bank doesn’t have branches, can you still access customer support at a time that suits you?
2. Check the features. Some current accounts offer fairly basic features, which is fine if you just need your salary to be paid in and your bills to be paid out. But if you’re looking for a slick mobile app, spending categorisation and budgeting tools, or the ability to arrange an overdraft easily, you’ll need to make sure the account offers all that. You might also decide you want an account with FSCS protection, and many accounts in our table offer this.
3. Check the fees and costs. With free current accounts (all major high street and digital banks offer these), there can still be charges for certain types of transaction, such as using your card overseas, or even paying cash into your account if you’re with a mobile-only bank. If you’ll need an overdraft, confirm what interest rate you’ll pay.
4. Check if a “packaged” or “premium” account would be better value. Some accounts charge a monthly fee in return for a “package” of extra benefits such as mobile phone and travel insurance, breakdown cover or cashback on your bills. These are only worth getting if you would use the benefits and have checked standalone policies wouldn’t be better value for you.
5. Is there a joining or switching incentive? Banks are vying for customers and they often have tasty offers on the table to get you to sign up, or to switch your current account from your existing provider. The most popular incentive is (unsurprisingly) a cash lump sum, so if you’re considering a new current account anyway, you might be able to make a bit of money from it too. But factor the rest of the checklist points into your decision, particularly if you’ll need an overdraft.

How to switch current account

If you’ve had your current account for years, the idea of switching may sound daunting – many people stick with bad deals just to avoid the hassle. However, the process is in truth quite simple thanks to the Current Account Switch Service (CASS).

Any banks signed up to CASS will switch over your account for you in 7 working days. You don’t need to do anything, except pick out your new current account and decide on a switch date. Here’s how it works:

• Your balance and recurring payments are automatically transferred to your new account. This includes both direct debits and standing orders.
• Your old account is closed. Your transaction history will not be transferred to your new account, so it’s a good idea to make sure you’ve got all your bank statements first.
• Incoming payments to your old account will be redirected. A message with your new bank details is also automatically sent to the payer.

Depending on what your new bank is offering at the time, switching through CASS may also allow you to access switching bonuses and rewards. Most current account switches are done online but there are still a few banks that aren’t part of CASS, like Kroo.

Have you thought about a mobile-only bank?

Digital banks and banking apps like Monzo, Starling. or Revolut have stolen the headlines in fintech for the last few years. In the Finder office we’re big fans – here’s why:

• Cool features. The best thing about them. Digital banks are constantly evolving and adding interesting features. The whole experience feels more user-centred and it’s easier to keep an eye on your spending, make budgets, and personalise the whole thing too.
• Easy to set up. You just download the app, enter your data and confirm your identity. It usually takes less than 10 minutes.
• No fees. This usually also applies to spending abroad.

Types of current accounts

Apart from standard current accounts that prioritise one feature or another, there are also dedicated types of current accounts to suit other specific needs:

• Joint current accounts. Most current accounts can be opened together with another person (your partner, another member of your family, a friend). Just be aware that this creates a financial association between the two of you, which may potentially impact your credit score. Learn more on joint accounts here.
• Bad credit. Most banks perform a credit check when you apply for a current account. If your credit score is less than ideal, you may still be offered an account, but you may not get an overdraft. Learn more on current accounts for people with bad credit.
• Student accounts. If you’re a student, you can bag great perks and rewards and an interest-free overdraft with a student current account.
• Children accounts. In order to be eligible for an adult current account, you usually need to be 16 or 18. However, children current accounts are available to kids as young as 11. There are also children’s prepaid cards that a parent can load money onto and control but these are not current accounts.
• Business accounts. If you run a limited company or are a sole trader, it’s a good idea to keep your business finances separate from your personal finances. You can do this with a business current account. If you’re interested in freelance bank accounts, check out our guide on best business bank accounts for freelancers.
• Sharia-compliant accounts. If you want to bank more ethically, opening an Islamic bank account is an option worth considering. Learn more about Sharia-compliant accounts.

Potential current account fees and costs

When picking a new current account, check all the potential costs. Here are some of the fees you may come across:

• Monthly fee. Most current accounts are free, but some will charge a monthly fee, especially if they offer special perks and benefits.
• Foreign transaction fee. Many debit cards charge a fee when you spend in a currency other than sterling. The foreign transaction fee often amounts to around 3% of the transaction. If you want to avoid it, you could consider having a dedicated account for when you’re travelling – digital banks like Monzo and Starling don’t charge foreign transaction fees.
• ATM withdrawal fee. Withdrawing cash may come with a fee with some current accounts, especially if you do it overseas.
• International money transfer fees. Sending or receiving money in a currency other than sterling is likely to be quite expensive with a standard current account. You may want to consider a money transfer service instead.
• Cheque fees. There’s usually a pretty hefty fee for cancelling a cheque.
• Overdraft charges. Overdrafts tend to be costly. Always check how much your bank charges before using yours. We’ve outlined two examples below showing how the cost of a £500 overdraft can vary, depending on what EAR (effective annual rate) your bank charges you. The difference can be huge – you’d save £100 a year in interest on an overdraft of £500 if you picked an account with an EAR of 15%, compared to a rate of 35%.

Our 2026 customer satisfaction league table

We asked the customers of banking apps and current accounts providers featured in this table whether they’d recommend it to a friend and we’ve ordered the table by the percentage score. Our independent survey was carried out in Feburary 2026. Learn more about how we conducted our research.

• Customer satisfaction scores methodology

  We asked people who’d used a current account provider within the previous 12 months to rate their satisfaction with the service they received and whether they’d recommend the provider to a friend. Our independent survey of 750 current account customers was carried out in February 2026.

  We have shown the percentage recommended score in the table above and used these ratings to decide the winners of our awards. Where there was a draw on the “would recommend percentage”, we used the overall rating out of 5 as a tie-breaker.

Bottom line

Current accounts are an essential tool to manage your daily finances. They provide a means to receive your salary and benefits, and enable you to make payments, pay your bills and build your credit history.

There is no one size fits all when it comes to getting a current account, so be sure to do your research to find an account that best suits your circumstances.

When comparing accounts to find the best option for you, there are a variety of factors to consider, including overdraft terms, online banking facilities and customer service quality.

Some accounts, including packaged bank accounts that offer perks like insurance, come with monthly fees, so it’s a good idea to factor in these charges when making a decision.

Really know your customer? How UK banks are tackling the challenges of personalisation

Finder published a paper in May 2024 exploring how the UK banking sector is tackling personalisation in customer experience. Our paper includes original research, plus insights from Kroo’s CTO Alexey Gabsatarov, Anette Broløs and Erin B Taylor of Finthropology, Nicole Perry of Monument, Isaac Robertson-Jonas of Finder and professor of finance Timothy King.

Download your free copy

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Frequently asked questions

• Can I get a current account?

  To be eligible to open a current account, you must be a legal UK resident, and at least 16 years old. Some banks may stipulate that you must be 18 if you don’t have parental approval. You may also need to be credit checked – this is because many current accounts will come with an overdraft that may be reduced if you have a poor credit history. You won’t be able to get an overdraft if you are under 18.

• How do I apply for a current account?

  With most banks, you can usually apply online – you will need to provide your personal and financial details. In some cases, you may then be asked to pop into a branch to have your ID verified. If you’re applying for an account with a digital-only bank, you’ll usually need to apply from the mobile app and to provide a picture of your ID.

• Can I add someone to my current account?

  You usually can. You’ll have to get in touch with your bank, who will be able to turn your personal current account into a joint account. Or you can open a new joint current account here.

• How much should I pay into a current account?

  There are no fixed rules and you can often keep as little as £1 in your current account. However, people usually have their salary paid into their current account and keep most of it there to spend it over the course of the month – together with some emergency funds that are thus easily accessible if anything goes wrong. It’s also a good idea to open a savings account to put your savings aside (so you’re less tempted to spend them). Finally, keep in mind that some current accounts may require you to deposit a minimum sum every month in order to access certain benefits.

• What type of current account is right for me?

  It all depends on your circumstances, but in a nutshell, you want: a) no fees b) agility (your account must be easy to manage and use) c) some nice rewards and perks if possible. In our opinion, the first two things beat the third one – rewards and bonuses are great, but being able to keep on top of your finances for free and with no headaches is much more important.

To make sure you get accurate and helpful information, this guide has been reviewed by Rebecca Goodman, a member of Finder's Editorial Review Board.

Written by

Matthew Boyle

Publisher

Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio

Matthew's expertise

Matthew has written 221 Finder guides across topics including:

• Helping first-time buyers apply for a mortgage
• Comparing bank accounts and highlighting useful features
• Publishing easy-to-understand guides