The Ultimate Guide to Current Accounts: How to Choose the Right One for You

What Is a Current Account?

A current account is your daily-use bank account for spending, bills, and income. Some offer budgeting tools, cashback, and interest-free overdrafts.

Fee-Free vs Premium

• Standard: Everyday banking — £0. Includes app access, debit card, and overdraft support.
  
• Premium: For travellers or perk-hunters — £10–£20/month. Includes insurance, cashback.
  
• Student: Full-time students — £0. Offers free railcards and interest-free overdrafts.
  
• Basic: For users with limited ID or poor credit — £0. Simple access only.

Key Features to Compare

• Overdraft costs
• Foreign currency fees
• App functionality
• Rewards and cashback

Switching is Easy

Under the Current Account Switch Guarantee, your new bank will:

• Move direct debits
• Redirect payments
• Complete everything in 7 working days

Use Our Tool

Visit the Current Account Comparison Table to find the right account for you.