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Compare current accounts

Looking for a current bank account with a better overdraft rate, higher interest, cashback or other benefits? We compare different factors, which will help you decide on the best current account for your needs, from leading banks, including high street banks and new challenger banks.

What type of current account are you looking for?

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Uswitch Limited is a credit broker, not a lender, for consumer credit.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

What is a current account?

A current account is a type of everyday bank account.

It's usually the bank account you use for most of your transactions and comes with a debit card. Think of the word 'current' as being the account that handles your current income and spending:

  • Salary

  • Pension

  • Benefits

  • Direct debits

  • Standing orders

Some accounts pay interest on positive balances, although this is far rarer than it used to be. You can get unlimited access to your money without paying a penalty. Withdrawing cash will not stop you from getting any benefits associated with the account.

Standard accounts also come with a flexible borrowing facility attached known as an 'overdraft' - although these are expensive. Most providers now charge rates of about 40% a year to borrow money this way.

What do you need to open a new bank account?

  • A UK address and proof of address. You may need at least two bills or letters from the past three months

  • If you’ve been at your current address less than three years, you may need proof of address for your previous properties

  • Photo ID, like a passport or driving licence

  • Enough money to reach the bank’s minimum deposit amount, if it has one

  • Income and employment details, such as a payslip

You should not need to pass a credit check to get a current account.

Types of current accounts

How can I find the best bank account?

Current accounts aren't all the same, although they share basic functions, that means the best account will depend on how you use it.

  • In the red?

You could save significant amounts by moving to an account with a 0% interest overdraft.

  • Large positive balance?

Those who carry a large positive balance would be better off looking for an account that pays good interest.

  • Spending overseas?

There are also accounts that let you spend overseas without charges, offer cashback on bills and a host of other linked benefits.

You can use a comparison tool like the one above to compare current accounts.

How do I apply for a current account?

  • You can start your application with our comparison table

  • If you’ve already chosen the bank you want, you could go in person to a branch, apply by post or over the phone

  • Most banks allow you to apply online

  • For most current accounts you need to be at least 18 and living in the UK to apply for a current account. If you’re not yet 18, you could get an easy access children’s savings account, though some banks will offer a current account to those over 16

Things to know about current accounts