Compare current accounts

See if you could switch to a better current account.

Promoted
Select Account logo

Get £150 when you Switch and Stay

  • No monthly fee
  • Switch in just 7 working days
  • T&C's apply
Go to site
reviews.io logo
★★★★★
800+ customer reviews

Compare current accounts

Table: sorted by switching bonus
Name Product Ratings Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
OFFER
Select Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.49% EAR variable
£150 for switching bank accounts and staying with NatWest.
Current account switch service guarantee badge
This fee-free account permits customers to open a digital regular savings account. Select account customers may also be able to arrange an overdraft, subject to eligibility. Customers can manage their account via telephone, online, smartphone app and in branch. The customer smartphone app automatically places your spending into categories to help you see how much you’ve spent. It also includes a feature to allow the user to regularly monitor their TransUnion credit score for free.
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
Go to site
View details
OFFER
HSBC Advance Bank Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
Min. £10500 Every 6 months. Min. £1750 Per Month
0% AER
39.9% EAR variable
Get £110 + £30 Uber Eats voucher or The Dining Out Gift Card when you switch to an HSBC Advance Bank Account. Plus earn 1.00% AER / gross interest with the linked HSBC Regular Saver.
Current account switch service guarantee badge
Plus earn 1.00% AER / gross interest with the linked HSBC Regular Saver
Receive £110 + £30 Uber Eats voucher or The Dining Out Gift Card when you switch using the Current Account Switch Service in 30 days of account opening with a min 2 Direct Debits/Standing orders. Offer for new customers who haven't held an HSBC current account, or opened a first direct account since 1 Jan 2018. To qualify for HSBC Advance pay in + £1,750 a month/£10,500 over 6 months and be approved for an overdaft of £1000+. Offer end 31st October 2021. Eligibility criteria, further offer and account T&Cs apply. Representative example: If you use an arranged overdraft of £1,200, you’ll be charged interest at 38.9% (0% EAR variable on first £25, 39.9% thereafter).
Go to site
View details
OFFER
Everyday Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.94% EAR variable
£130 cashback to switch to a simple and straightforward current account, with no monthly fee.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
Go to site
View details
Current Account - Age 18 and over
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0.05% AER
15% EAR variable
No fees overseas.
Current account switch service guarantee badge
No fees for spending or withdrawing cash overseas - currencies are converted at Mastercard’s standard exchange rate
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 15% EAR variable.
Go to site
View details
OFFER
First Direct Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
An interest-free, arranged overdraft up to £250, then 39.9% EAR (variable)
£100 when you switch.
Current account switch service guarantee badge
Earn 1.00% AER/gross with the linked Regular Saver Account and access a £250 interest-free overdraft (subject to status)
Representative example: If you use an arranged overdraft of £1,200, you’ll be charged interest at 30.5% (0% EAR variable p.a on first £250, 39.9% thereafter).
Go to site
View details
123 Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£4 per month
Min. £500 Per Month
0.3% AER
39.94% EAR variable
£130 cashback to switch and earn cashback every month on selected household bills + interest on your balance.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable. Account fee of £4 per month.
Go to site
View details
thinkmoney Current Account
Finder score
★★★★★
★★★★★
£10 per month
/ £15 per month
No minimum funding requirement
0% AER
N/A
Guaranteed acceptance.
Current account switch service guarantee badge Account fee of £10 per month or £15 per month.
Go to site
View details
Bank Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
35.0% EAR (Variable)
Current account switch service guarantee badgeNo fees to open or use your account. Option to apply with a video selfie entirely on your phone with the Barclays app. You need to be 18 or over to access this product or service using the app. T&Cs apply. Arranged overdraft of up to £5,000. Overdrafts are subject to application, financial circumstances and borrowing history.
Representative example: If you use an arranged overdraft of £1,200, you’ll be charged interest at 35.0% EAR (variable), 35.0% APR Representative (variable)
Go to site
View details
Cashplus Personal Account
Finder score
★★★★★
★★★★★
£5.95 per month
No minimum funding requirement
0% AER
N/A
Guaranteed acceptance plus a credit building feature.
Account fee of £5.95 per month.
Go to site
View details
123 Lite Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£2 per month
Min. £500 Per Month
0% AER
39.94% EAR variable
£130 cashback to switch and earn cashback every month on selected household bills.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable. Account fee of £2 per month.
Go to site
View details
loading

Compare up to 4 providers

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 allows you to receive your salary, pay your bills, make purchases, send and receive payments and so on. It will come with an account number, a sort code, a debit card and some kind of Internet banking or mobile app facility to manage it.

While the basic functionalities are always the same, different current accounts from different banks will come with a range of different features to suit different needs.

How to compare current accounts

The best current account for a young professional who’s just moved out from their parents’ house will not be the same as the best current account for a CEO, so you’ll need to figure out which features are important for you. You should consider the following:

  • Switching bonus and rewards. Banks are vying for customers and have lots of tasty offers to get you to join. The most popular is, unsurprisingly, a big fat lump sum of cash! Look at what switching incentives are available at the moment, or compare current accounts with ongoing rewards here.
  • Great mobile app and low fees. Banking directly from your phone will make tracking your finances easier and more fun (maybe?). Check out current accounts with great apps.
  • Overseas spending. If you travel often, you want to be able to do it without paying any fees. High-street banks tend to be quite bad at this, so if low-cost travel is important to you, you may want to consider a challenger bank like Monzo, Starling or Revolut. This article shows the best cards for travelling overseas.
  • Interest rate. Not many current accounts pay an interest rate these days, but getting one of the few that do can be a nice way of topping up your monthly balance. Plus, sometimes opening a current account with a certain bank also gives you access to promotional rates on its savings accounts – if you need one, it’s a factor worth considering. Compare high-interest current accounts here.
  • Cheap overdraft. Overdrafts make an expensive way of borrowing money, so you should avoid them if you can. However, if you know you’re going to use yours, choosing an account that prices them fairly becomes pivotal. Compare current accounts with overdrafts here.
  • Insurance benefits. In return for a monthly fee, some current accounts (the so-called “packaged” accounts) come with a whole lot of insurance benefits. It isn’t always the cheapest deal you can get, but it’s a great way of getting yourself very comprehensive cover levels for 12 months a year. Compare packaged accounts here.

Have you thought about a mobile-only bank?

Digital banks 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. 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.

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 seven 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.

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 a fee-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’s current accounts are available to kids as young as 11.
  • Business accounts. If you run a limited company or are a sole trader, it’s a good idea to keep your business finances separated from your personal finances. You can do this with a business current account.

Potential current account fees and costs

When picking a new current account, you should always make sure you’re aware of 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.
  • Overdraft charges. Overdrafts tend to be costly. Always check how much your bank charges before using yours.
  • 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 for 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.

Ready to compare accounts?

Get started

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site