Switching your current account: step by step
Get more from your current account with uSwitch - with a better rate of interest, lower interest on overdrafts or more added extras.
You can find a current account that suits you in less than 10 minutes with our online comparison and see how different accounts measure up at a glance.
Read our easy step by step guide and see how to get a better current account - with a little help from uSwitch.
What you'll need to have ready
Before you start your comparison, it's good to know:
- how you use your account - e.g. are you often overdrawn, or do you have a high balance in your account.
- your existing bank details - if you're switching your current account, your new bank may need your account number so that they can switch your direct debits and standing orders etc etc for you.
Step 1: pick a type of current account
On our current accounts homepage use the tabs to choose which type of current account you would like to compare. Choose from:
- In credit - these current accounts are your best bet if you are in credit the majority of the time and/or have a high balance in your account, because they offer competitive rates of interest to make your money work harder.
- Low overdraft - these accounts are a good choice if you make use of an overdraft regularly and will offer competitive rates on authorised overdraft borrowing.
- Student and young person - specially designed for students and/or young people, these accounts can offer a range of different features.
- Packaged - packaged accounts offer added extras like travel insurance, breakdown cover and exclusive discounts in exchange for a monthly fee.
- Basic - basic bank accounts are a 'no-frills' option and are a good if you just want a simple account or if you have bad credit.
Step 2: compare a list of current accounts
Based on the type of current account you've picked, we'll show you a list of accounts from a range of banks.
You'll be able to see the interest rate, overdraft rate, account features and any relevant eligibility criteria.
Step 3: get more information
If you find a current account that you think is right for you, or that you'd like to get more information about, click the 'apply' button to get in touch with the provider.
Step 4: apply for your new current account
What happens afterwards?
Who organises the switch?
It depends. Some banks will:
- transfer your money to your new current account
- close your old current account
- move your direct debits and standing orders to your new account
- tell your employer to pay your salary into your new account
- If you choose a bank that doesn't offer these services, you will need to do these things yourself.
Do I need to close my old account?
No, but there may be no need to keep it open once your new account is set up. For peace of mind it is best to close your old bank account.
How long will the switch take?
It usually takes 10 working days or less to switch your current account from one bank to another.
What will happen to my existing account benefits?
If you're getting discounted travel insurance or other benefits with your current account, these will stop when you close your account.
You can see the benefits and discounts offered with each account when you compare accounts with uSwitch or see more product information.