switching bank accounts

Switch bank accounts

Switching bank accounts

With the poor practices of the big banks back in the spotlight, there’s hardly been a better time to switch your bank account – scroll down to see our pick of bank account alternatives.



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  • Annual European travel insurance
  • Discounted home insurance or loans
  • Preferential savings rates
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We say: Nationwide is a building society and is owned solely by its members, so any profits go straight back to its membership and not to shareholders – unlike the big high-street banks.



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  • Fee-free £200 overdraft
  • Minimum monthly deposit of £800
  • Free UK cash withdrawals
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We say: The Co-operative Bank has a track record in ethical investing and funds a wide range of renewable energy projects, such as onshore wind and carbon saving schemes.

 


The Barclays Current Account
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  • Add features such as mobile phone insurance, travel insurance, or breakdown cover
  • Mobile and online banking
  • Preferential mortgage rates
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We say: This packaged account could be worthwhile if you regularly go on holiday abroad and don't already have travel insurance in place with The Co-op or another provider.


The Santander 123 Account
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  • Cashback of 1% on water and council tax bills
  • Cashback of 2% on gas and electricity bills
  • Cashback of 3% on mobile, home phone, broadband and paid for TV packages
Apply
We say: The more you pay in monthly bills, the more the 123 account will pay you in cashback, making it suitable for those with high income and expenses.


Privilege current account
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  • Worldwide family travel insurance
  • Mobile phone insurance
  • Fee-free £200 overdraft
Apply
We say: With no need to enter your PIN, the contactless credit card makes for a quick and easy way to pay for shopping that costs £15 or less.

 



Current Account Plus
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Features:
  • Fee-free £200 overdraft
  • Minimum monthly deposit of £800
  • Free UK cash withdrawals
Apply
We say: If you're likely to slip into the red at the end of each month, this account could be a good choice - just make sure you're able to pay in at least £800 a month.
Everyday Account
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Features:
  • Free arranged overdraft for 4 months
  • Overdraft matching service
  • 24 hours a day phone and online banking
Apply
We say: This account offers handy European travel insurance and discounted home insurance or personal loans deals - not bad considering there's no monthly fee.

Flex Account
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Features:
  • Annual European travel insurance
  • Discounted home insurance or loans
  • Preferential savings rates
Apply
We say: With no need to enter your PIN, the contactless credit card makes for a quick and easy way to pay for shopping that costs £15 or less.

 



The Tuxedo Account
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  • No credit checks - guaranteed acceptance
  • Access your account 24/7
  • Pay in at Post Office & PayPoint
Apply
We say: You can manage your account at your own convenience via their free online service.

You’ll also benefit from free cash withdrawals and UK point of sale transactions.


The Current Account
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  • No credit checks - guaranteed acceptance
  • No bounced payment charges
  • Free text alerts
Apply
We say: With no credit checks or bounced payment charges, this account could be ideal if you’re struggling to keep on top of your finances.

However, you do have to pay a monthly fee of £12.50 and there is a £1 charge every time you withdraw cash from an ATM.

The Current Account
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  • Cash rewards at leading retailers
  • No credit checks
  • No charges for bounced direct debits
Apply
We say: With no credit checks or charges for bounced direct debits, this account could offer a good alternative way to keeping on top of your finances.

There's a 50 pence charge if you want to withdraw cash from an ATM.

Compare all current accounts

Compare current accounts

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