Compare current accounts

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

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Lots of us are lazy with our current accounts. We open one when we’re young and coast with it for years. Let’s face it, current accounts aren’t much fun, but you’re here so you let’s find the best current account for you.

With interest rates still low and slow, lots of people are turning to the current account for perks, cash incentives and sometimes decent interest rates. Equally, if you’re finding yourself in the red then you might want an account with cheap overdraft borrowing.

What current account are you looking for?

To answer this question you need to know what you need from your account.

  • Current accounts with rewards, benefits and perks. Some accounts might charge a joining fee (this is becoming more and more rare. You’re probably more likely to be offered a joining reward for your custom. Vouchers, cash, exclusive deals – either way, keep an eye out!)
  • Current accounts with high interest. You want to make sure your money is working as hard as possible. Comparing interest rates to find the most competitive deals is really important when choosing current accounts.
  • Current accounts with an overdraft. These vary from bank to bank. It’s important to know how much you’ll be charged for dipping into your overdraft, or exceeding your overdraft limit.
  • Current accounts with a great app. You may have heard of Monzo, Starling, N26, Revolut, and others. This wave of digital banking apps and challenger banks has emerged in the UK over the past few years.

Have you thought about a digital only bank?

Digital banks like Starling Bank, Monzo and Revolut have stolen all the headlines in fintech for the last few years. In the Finder office we’re big fans. These accounts are:

  • Cool features! This is the best thing about them. Banking apps like Monzo, Starling and Revolut are constantly evolving and adding great features. The whole experience feels more user centred, something you get less from traditional banks in our experience!
  • Super easy to set up. Most digital banks can be
  • There’s no fees. Same as most current accounts, but worth knowing!

Compare challenger banks and apps

Updated December 6th, 2019
Name Product UK ATM withdrawals Foreign ATM withdrawals Ratings
N26
Free
1.7% of amount drawn
We say
★★★★★
You say
★★★★★
App-based bank account that can be used on the go in any EU country. All about the ease of sending and saving money.
£200 free monthly
£200 free monthly
We say
★★★★★
You say
★★★★★
App-based current account with loads of extra features. (e.g. Real time transactions, payment categorisation, save spare change, free international money transfers, buy cryptocurrency)
Free
Free
We say
★★★★★
You say
★★★★★
Everything you get from a current account, but with new features for mobile living. (E.g. Goals for saving, spending catgorisation, interest on your balances)
£200 free monthly
£200 free monthly
We say
★★★★★
You say
★★★★★
A multi-currency mobile banking app that aims to be ‘built around you’. Use it to open a fully functional current account instantly, straight from your phone, all supported by a feature-rich mobile app
Free
£200 free monthly
We say
★★★★★
You say
★★★★★
Monzo is free to spend anywhere in the world and in any currency, with no fees. All money is exchanged using the MasterCard rate.
Free
Free (up to 10 withdrawals monthly)

Compare up to 4 providers

Who can get a current account?

To be eligible to open a current account, you must be a legal UK resident, and at least sixteen years old. Some banks may stipulate that you must be eighteen 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.

How to switch your current account online

The process is 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.

All you have to do is open a new account, use your new banks switching service, and your old account will be closed. Your money, direct debits, standing orders and anything else will be switched over for you too. You can even switch if you’re overdrawn.

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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.

      Regards,
      Jhezelyn

  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

      Hello,

      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.

      Regards,
      Jhezelyn

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