Switch Current Accounts

Switch and get a better deal

If you are looking to switch your current account its never been easier. The internet has vastly improved the switching process with a record number of consumers taking advantage of the speed and simplicity of changing current account providers.

 

As of September 2013, banks and building societies will be able to provide a switching service that takes place within seven days. This short period of time means that you will be able to make the most out of the deals on offer and receive the highest standard of service.


See below for a selection of leading current account deals:

Latest Current Account Deals
 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
5.0%*0% for 12 months£1,000 per monthN/A5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year.More Info >

Nationwide FlexDirect Current Account

  • *5.0% AER fixed (4.89% gross pa) in-credit interest on balances up to £2,500 for the first 12 months
  • No monthly account fee
  • Paperless statements 
  • Visa Debit card and chequebook option
  • Manage your account online, by phone or in branch
  • Mobile app
  • No fees on arranged overdrafts for the first 12 months 
  • Must be 18 or older
  • Overdraft charge of 50p per day after the first 12 months
  • Must pay a minimum of £1,000 into the account each month, from an external source (i.e. not another Nationwide account)
5% AER**£25 interest and fee free overdraft plus £10 buffer£500 per monthN/A5% AER variable in-credit interest on balances up to £2,000More Info >
TSB Classic Plus Current Account

  • 5% AER on balances up to £2,000. Must pay in £500 a month, register for internet banking and paperless statements and paperless correspondence 
  • Plus 5% Cashback on your first £100 Contactless payments every month. Contactless Subject to eligibility. End Sept 2017. (T&Cs apply).
  • If you have a Plus account, earn up to £5 a month cashback with our selected TSB credit cards. T&C’s apply. Ends Sept 2017
  • Must be 18 or older
  • Representative example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (Variable) 
1.50%*Fee free for 4 months then £1 per day£500 per month£5 pm*1.50% AER (variable) on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Up to 3% cashback on household bills.More Info >

Santander 123 Current Account

  • *1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016).
  • Up to 3% cashback on household bills - 1% on water, council tax bills and Santander mortgage payments, 2% on gas and electricity bills, and 3% on mobile phone, home phone, broadband and paid-for TV packages
  • Visa Debit Card
  • Mobile app
  • Withdraw up to £300 a day from any Santander or Link cash machine
  • Must be 18 or older and a UK resident
  • Interest and Cashback only available when you set up at least two eligible Direct Debits 
  • Monthly fee of £5
  • Must pay a minimum of £500 into the account each month
N/A0% for first £250No minimumFree if funding £1,000 or £10 below £1,000£100 for switching into account. £250 interest free overdraft. Free banking if paying over £1,000 per month. £100 if not satisfied after 6 monthsMore Info >

First Direct 1st Current Account

  • A current account that works together with your life
  • Switch your current account and you'll get £100
  • £250 free of overdraft interest
  • Comes with satisfaction guarantee - if you're not happy you'll get £100
  • Mobile banking on the go with app for iPhone, Android and iPad
  • Beautifully designed Internet Banking service
  • Award winning customer service from real people answering your calls, 24 hours a day, seven days a week
  • 1st Account Banking with Britain's most recommended bank (Source: GfK NOP FRS, 6 months ending May 2015.) 
  • Must be 18 or older
  • Must pay a minimum of £1,000 into the account each month to qualify for free banking and £100 offers
0.75.%*£6 per month with £25 buffer and 2 day grace period No minimumFreeInnovative new banking service. *Get 0.75% AER on ALL instant access balances and 0.25% AER on current account balances up to £2,000More Info >

B Current Account

  • New Digital Banking Service powered by Yorkshire and Clydesdale Banks
  • Manage your account from Android or iOS device app
  • Savings goals, planning and budgeting tools
  • Multiple savings 'pots' for different goals
  • Balance sweeps to linked savings account
  • 'Good to go' alerts - letting users know their balance will cover regular spending
  • Hints and tips to help users get the most from their money
  • 0.25% interest up to £2,000, 0% thereafter
  • 2 day grace period on overdraft fees
  • No minimum deposit
  • Open online, in branch or by phone
  • Must be 18 or older
N/A£1 per dayN/AN/AFour month fee-free overdraft when you switch your main current account using the Dedicated Switcher ServiceMore Info >

Santander Everyday Current Account

  • No account fee and no monthly minimum funding required
  • Free text message and email alert service.Easy access to your account 24 hours a day.
  • Get a free Arranged Overdraft for 4 months when you use the dedicated Switcher Service (depending on your circumstances).
  • Visa Debit Card
  • Withdraw up to £300 a day from any Santander or Link cash machine
  • Must be 18 or older and a UK resident
  • After 4 month fee-free overdraft period, usual overdraft fees apply
N/A0%N/A£13.50 pm More Info >

Yorkshire Bank Current Account Signature

  • Includes multi-trip travel insurance for you and the family including winter sports
  • My Signature Rewards - access to discounts on travel, leisure and retail shopping (save at Asda, Sainsbury's & Morrisons) 
  • UK breakdown cover from Greenflag
  • Preferential rates on Signature linked savings accounts
  • 24 hour telephone and internet banking
  • Must be 18 or older and a UK resident
  • Monthly charge of £13.50
N/a*First £250 interest free, £6 pm thereafterNo minimum£18*Instead of interest you receive 3% rewards on selected household bills, plus extra benefits including free Worldwide travel insurance, UK breakdown cover and mobile phone insurance. Top 20% of NatWest Reward customers earn, on average, £217 in Rewards per year. Based on average Dec ‘15/Jan’16 Direct Debit amounts. Excludes monthly fee.More Info >
NatWest Reward Platinum Current Account

  • Instead of interest you receive 3% off selected household bills
  • Also earn at least 1% on qualifying purchases at Reward partners
  • Extra benefits included: free Worldwide insurance (up to 31 days), free UK Breakdown cover, free mobile phone insurance, 10% discount on travels services (such as holdays, airport parking and baggage upgrades), preferential foreign currency rates, National Trust family day passes, 2 for 1 or 50% off selected restaurants
  • Access account anytime with 24-hour UK call centres, Online Banking and Mobile Banking app
  • Emergency Cash Service - access money from ATMs (limits apply) if debit card lost or stolen
  • No specific minimum funding required

  • Must be 18 or older
  • £18 monthly fee
  • £250 interest free Overdraft threshold. £6 per month thereafter

 

N/a*First £10 interest free, £6 pm thereafterNo minimum£12*Instead of interest you receive 3% rewards on selected household bills, plus extra benefits including free European travel insurance and mobile phone insurance. Top 20% of NatWest Reward customers earn, on average, £217 in Rewards per year. Based on average Dec ‘15/Jan’16 Direct Debit amounts. Excludes monthly fee.More Info >
NatWest Reward Silver Current Account

  • Instead of interest you receive 3% off selected household bills
  • Also earn at least 1% on qualifying purchases at Reward partners
  • Extra benefits included: free European travel insurance (up to 22 days), free mobile phone insurance, preferential foreign currency rates, 25% cashback on selected ticket bookings, 2 for 1 or 50% off selected restaurants
  • Access account anytime with 24-hour UK call centres, Online Banking and Mobile Banking app
  • Emergency Cash Service - access money from ATMs (limits apply) if debit card lost or stolen
  • No specific minimum funding required

  • Must be 18 or older
  • £12 monthly fee
  • £10 interest free Overdraft threshold. £6 per month thereafter

 

N/a*First £10 interest free, £6 pm thereafterNo minimum£3*Instead of interest you receive 3% rewards on selected household bills. Top 20% of NatWest Reward customers earn, on average, £217 in Rewards per year. Based on average Dec ‘15/Jan’16 Direct Debit amounts. Excludes monthly fee.More Info >
NatWest Reward Current Account

  • Instead of interest you receive 3% off selected household bills
  • Also earn at least 1% on qualifying purchases at Reward partners
  • Access account anytime with 24-hour UK call centres, Online Banking and Mobile Banking app
  • Emergency Cash Service - access money from ATMs (limits apply) if debit card lost or stolen
  • No specific minimum funding required

  • Must be 18 or older
  • £3 monthly fee
  • £10 interest free Overdraft threshold. £6 per month thereafter

 

0%No charges for going up to £25 into planned overdraft (subject to approval)N/AN/A7 day switching service available, no monthly account feeMore Info >
TSB Classic Current Account

  • No monthly fee
  • Available to new and existing customers
  • Access to features such as Money Planner and text alerts to help you manage your money
  • 7 day switching service available to move your existing account to TSB hassle free
  • Must be 18 or older
  • Must be a UK resident
N/A19.30% pa (variable)£0.00 N/AContactless debit card. Telephone and Online Banking. Free text alerts.More Info >
Barclays Bank Account

  • Contactless debit card for faster payments
  • No monthly fee
  • Barclays loyalty mortgage - get a better mortgage deal (subject to status and availability)
  • Get 0% interest on the first £200 of your overdraft when you purchase selected additional features for your current account (see terms and conditions for details)
  • Manage your account online
  • Free text alerts to help you keep track of your spending
  • Must be 18 or older
  • Overdraft interest of 19.50% pa (variable) up to £5000 

N/A£6**N/AN/AEarn a minimum of 1% of your spend at participating retailers with CashBack Plus. More Info >

NatWest Select Current Account

  • No monthly fee
  • Visa Debit card
  • Earn rewards when you use your debit card at selected retailers with CashBack Plus
  • Access to emergency cash if you lose your debit card (limits apply)
  • Manage your account online or on your mobile
  • Free text alerts to help you keep track of your spending
  • Must be 18 or older
  • **A £6 Arranged Overdraft Usage Fee applies per charging period if you use your arranged
    overdraft by more than £10
N/A£6**N/AN/AEarn a minimum of 1% of your spend at participating retailers with CashBack Plus. More Info >

Royal Bank of Scotland Select Current Account

  • No monthly fee
  • Visa Debit card
  • Earn rewards when you use your debit card at selected retailers with CashBack Plus 
  • Access to emergency cash if you lose your debit card (limits apply)
  • Manage your account online or on your mobile 
  • Free text alerts to help you keep track of your spending
  • Must be 18 or older
  • **A £6 Arranged Overdraft Usage Fee applies per charging period if you use your arranged
    overdraft by more than £10

Customer service is after all, the main reason that customers choose to switch current account in the first place. While banks should provide a friendly effective and professional service and if they fail to do this, there are many other reasons for choosing to opt for a different bank.


You may be able to secure certain kinds of incentives for switching such as cash back incentives and introductory low interest rates, or you may be able to simply get a better deal elsewhere.


If you are unsure of what different banks and building societies are offering, you should certainly take a look at our comprehensive comparison tables to get a clear idea of the various current accounts and the benefits you may experience in deciding to switch current accounts.

Latest Current Account Deals for Bad Credit
ProviderAccount Set Up FeeFee per monthFeaturesApply
N/A£12.50No credit checks.** Prepaid MasterCard. No account opening fee. More Info >
Cardonebanking Current Account

  • No credit checks**
  • No account opening fee 
  • Cardonebanking Prepaid MasterCard
  • Additional card available
  • One-to-one account management advice to help you manage your spending
  • Manage your account online
  • Must be 18 or older
  • Maximum card balance £5,000
  • £12.50 monthly fee
  • Additional card charged at £5 per month
  • Other charges apply for ATM withdrawals and overseas card usage (see terms and conditions for details)
£4.95£9.95No credit checks**. Prepaid MasterCard. Credit Building facility. More Info >
ClearCash Current Account

  • No credit checks**
  • Choose from Pay Monthly or Pay As You Go options
  • Credit building facility through Credit Builder (Ts&Cs apply, see website for details) 
  • Prepaid MasterCard
  • Up to four additional cardholders can be added to the account
  • Set up Direct Debits, standing orders and bill payments from your account 
  • Get text alerts to help you keep track of your spending 
  • Must be 18 or older to open an account
  • Maximum card balance £5,000
  • £9.95 monthly fee for Pay Monthly option
  • 2.5% transaction fee for Pay As You Go option
  • Additional card charged at £4.95
  • Other charges apply for ATM withdrawals and overseas card usage (see terms and conditions for details)
£4.95£9.95No credit checks.** Up to 20 free payments and standing orders a month. Prepaid MasterCard.More Info >
CashPlus Prepaid MasterCard (Deluxe)  

  • No credit checks**
  • Make up to 20 free payments and standing orders a month
  • Prepaid MasterCard
  • Earn CashBack rewards as you spend
  • Free UK cash withdrawals 
  • Can help rebuild your credit rating (see terms and conditions for details) 
  • Must be 18 or older
  • Maximum card balance £5,000
  • £9.95 monthly fee
  • Card issue fee £4.95
  • Additional card charged at £4.95 per month
  • Other charges apply for overseas ATM withdrawals, rejected Direct Debit payments, and overseas card usage (see terms and conditions for details)

**See Terms and Conditions