Compare current accounts

Compare features below to see if you could switch to a better current account

Picture not described
HSBC Advance Bank Account

Switch and receive a £125 reward

  • £125 reward when you switch your main current account (offer not available if held a HSBC current account, or opened a first direct or M&S Bank account, since 1 January 2017)
  • Earn 2.75% AER / gross interest with the linked HSBC Regular Saver
  • To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months and qualify for a minimum £1,000 arranged overdraft

Compare current accounts

Table: sorted by switching bonus
Data indicated here is updated daily
Name Product Ratings Interest (AER) Arranged overdraft Key benefits Link Representative example
We say
You say
39.9% EAR variable
£125 when you switch
Go to site
Current account switch service guarantee badge
Plus earn 2.75% AER / gross interest with the linked HSBC Regular Saver
To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months and must qualify for a minimum £1,000 arranged overdraft. To be eligible for the £125 switching offer, customers must switch from a non-HSBC Group current account product. Other 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).
We say
You say
15% EAR variable
Award-winning current account, apply in minutes
Go to site
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.
We say
You say
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
Current account switch service guarantee badge
Up to 15% cashback at a range of major retailers
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
We say
Guaranteed acceptance plus a credit building feature
Go to site
Account fee of £5.95 per month.
We say
Guaranteed acceptance
Go to site
Current account switch service guarantee badge
Earn cashback on your purchases when you shop through the ThinkMoney rewards portal
Account fee of £10 per month or £15 per month.

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 sort 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 track of 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. 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.

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.

Switching bank account stats graphic

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 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.

Frequently asked questions

More guides on Finder

  • Best current accounts in the UK 2020

    Find out what the best bank account is for packaged accounts, basic accounts and cashback accounts.

  • Generation App: How student banking trends will shape the industry

    Download our free paper to get new original research, data-driven analysis and expert commentary and predictions on the student banking industry.

  • Compare current accounts

    If you don’t feel like you’re getting much from your bank account, switching has never been easier! Banks and building societies offer up cash and vouchers when you switch, and will handle the boring bits for you.

  • Packaged bank accounts

    A packaged bank account is the fastest way to get travel insurance, mobile insurance and breakdown cover all in one go. But is it the cheapest?

  • smile app review October 2020

    The UK’s first digital bank, smile is known for its role in past technological innovations in banking. While it was on the cutting edge of banking in the late 90s, is it still today?

  • Tesco Bank app review October 2020

    While something of a juggernaut in the groceries and traditional banking sectors, Tesco Bank doesn’t have quite the same aptitude for digital banking. Its app does comfortably hold its own against HSBC, TSB and first direct, but nevertheless it lags far behind the leaders in the sector, like Starling, Monzo and Revolut.

  • TSB app review October 2020

    We take a look at TSB’s mobile banking app, which has a lot of work to do if it wants to challenge the big beasts of digital banking such as Monzo, Barclays and Starling.

  • first direct app review October 2020

    While not in the digital banking big leagues, first direct’s app offers a reliable, easy way to manage your first direct accounts. Given the bank’s innovative history, though, you might have expected a stronger showing in the brave new world of digital banking.

  • HSBC app review

    HSBC is something of a household name – in 2018, it was the 7th largest bank in the world. But how does it fare in the emerging digital banking market?

  • Santander app review October 2020

    Santander is a force of nature on the high street. If you’re a Santander current account holder, the Santander app is certainly worth a look. If you’re not though, you may be better off looking elsewhere as Santander’s mobile banking app boasts just a small amount of features compared with other banking apps.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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 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 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.

4 Responses

  1. Default Gravatar
    EwenNovember 12, 2018

    Can a non-UK resident who works in the UK open a current account online with you?

    • Avatarfinder Customer Care
      JhezNovember 13, 2018Staff

      Hello Ewen,

      Thank you for your comment.

      Upon checking, yes, you can open a personal UK bank account as a non-resident, but normally you’ll be asked for proof of ID and residential address in the UK.

      To open a personal UK bank account you need something to verify your current address and your identity:

      -For ID, your passport will do, and any national ID card may help as well;
      -For proof of ID and proof of address, a UK driving license (if applicable);
      -For proof of address at least two documents no more than three months’ old showing your name and address, e.g. a utility bill and council tax bill, in your name, and sent to your residential address will suffice.

      Furthermore, you may get in touch with the bank first to verify.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  2. Default Gravatar
    AnonymousNovember 1, 2018

    Hi. I am due to get married soon and I am looking for a current account that pays a better rate of interest while we save in the short term.

    • Avatarfinder Customer Care
      JhezNovember 1, 2018Staff


      Thank you for your comment.

      You may compare bank accounts on this page. Based on the table found on the page, Clydesdale B Current Account has a higher interest rate compared to the other three. However, you would want to compare other features too.

      Before submitting an application, please ensure that eligibility criteria are met. Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


Go to site