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This comparison simply includes all savings accounts.

First Direct
1st Account First Direct
Open With £1
Account Type Current Account
Features Get £150 to switch or £20 to open

Why we like it: SPECIAL OFFER - Get £150  when you switch to a First Direct 1st Account, or if you're not ready to switch £20 welcome when you open a current account. You also get access to a 3.5% AER/gross fixed for 12 months Regular Saver Account if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. For the £150 switching cash offer you need to open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account. To get the £20 welcome cash offer you need to open a 1st Account and log into our app / online banking within three months of opening the account. This offer can’t be added to any other joiner or switcher offer

Santander
Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account Earn up to 15% cashback

Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000.

HSBC
Advance Current Account HSBC
Open With £1750
Account Type Current Account
Features Get £170 when you Switch

Why we like it: SPECIAL OFFER - Get £170 when you switch to an HSBC Advance Bank Account. Earn 1.00% AER/gross when you save between £25 and £250 per month. Arranged overdraft limit of at least £1,000 on account opening. Money banking app. No monthly account fee. Easy switching with the Current Account Switch Service. Must be 18 or older and be UK resident. Must pay in £1,750 per month or £10,500 over 6 months. Must be approved for an arranged overdraft of £1,000+. For £170 Switch Offer: Switch using Current Account Switching Service with 2+ Direct Debits/standing orders within 30 days and pay £1,500k+ into account within 60 days. Once eligible, HSBC will pay £170 into your account within 30 days. Offer excludes customers who’ve held an HSBC/opened a first direct current account since 1/1/19

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.75% AER Interest Up To £20,000

Why we like it: Earn 0.75% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000.

NatWest
Select Current Account Natwest
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account

Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

Santander
123 Lite Current Account Santander
Open With £500
Account Type Current Account
Features Earn up to 15% cashback with Retailer Offers

Why we like it: Up to 3% cashback on selected household bills, capped at £5 for each cashback tier each month. Earn up to 15% cashback with Retailer Offers. Easy to manage online or on mobile app. Get access to a range of 123 offers. Arranged Overdraft facility (subject to status) - 39.94% APR / EAR (variable). Must be 18 or older and UK resident. Customers must pay a minimum of £500 into account each month, have 2 active Direct Debits, log onto Online or Mobile Banking at least once every 3 months. Must not currently hold 2 Reward accounts. £2 monthly fee.

NatWest
Reward Current Account Natwest
Open With £1250
Account Type Current Account
Features Earn Up to £4 in Rewards a month

Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each, or earn £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

Starling Bank
Mobile App Bank Account Starling Bank
Open With £0
Account Type Mobile Bank Account
Features Fee FREE Account Pays 0.05% AER

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes.

Royal Bank of Scotland
Select Current Account Royal Bank of Scotland
Open With £0
Account Type Current Account
Features Fee FREE when you Switch

Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

Royal Bank of Scotland
Reward Current Account Royal Bank of Scotland
Open With £1250
Account Type Current Account
Features Earn Up to £4 when you Switch

Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each, or earn £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

Monese
Multi-Currency Mobile App Bank Account Monese
Maximum Monthly Fee £14.95
Account Type Mobile Bank Account
Features Fast Free Payments to 31 countries

Why we like it: Open a GBP and EUR current account using your mobile in minutes, with no credit checks and no proof of address required. Track your account activity in real-time, get an overview of your monthly outgoings, set budgets and set your savings aside from your day-to-day spending. Get instant updates on your mobile whenever you receive or spend money. Add money to your account instantly by debit card or bank transfer. Spend on your Monese card and make ATM withdrawals worldwide with fee-free allowances and money-saving exchange rates. Send money to your contacts and request payments from them. You can also save when you transfer money abroad at the wholesale currency exchange rate. Transfers between Monese accounts are also free and instant. You can use your Monese app in any one of 12 languages

Santander
123 Mini Current Account Santander
Open With £0
Account Type Childrens Current Account
Features Children 17 or under 3% AER Interest (T&Cs)

Why we like it: Can be opened by or on behalf of any child up to the age of 17. Debit or cash card available for those aged between 13 and 17. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 17 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

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What is the current account switch service?

Choosing a bank or building society account is an important decision. You want to make sure that your bank account can provide you with everything that you need and more. 

You may have settled with your current bank account; however, that doesn’t mean that you are stuck with that particular account. In fact, you can make a current account switch. 

What is a current account switch?

If you have found that your current bank account is not working for you, then you may want to consider making a full switch to another account. Switching an account means that you are going to be moving both your incoming and outgoing payments and your direct debits and standing orders from one bank account to another. 

You may be put off by the idea of switching your bank account because it is going to take time and effort, but we are here to tell you that there are plenty of things that you can do to make the switching process easier and as stress-free as possible. 

Our guide to switching bank accounts

Can I switch?

The first thing that you should is to check that you are able to switch your bank account. The good news is that 99% of all current accounts can be switched, and it doesn’t matter which bank or building society you are with. 

That said, there are some bank accounts that you are not going to be able to switch. These are joint accounts (unless both parties give permission), savings accounts, ISAs and payment accounts that are non-sterling. 

Find a new account

Once you know whether or not you can switch, then you need to find a bank account that is going to be right for you. It is worthwhile making sure that you read all the information and details that relate to the bank accounts you are looking at, as this will ensure that you make the right decision. 

Check your eligibility

The bank account that you have picked may have certain eligibility criteria that you need to meet. This could be having a certain number of Direct Debits or that you have a set amount paid into your account each month. This is also the time when you will want to make sure that you highlight whether or not you have an existing overdraft and agree this with them. They may also want to look at your credit score too, something that many financial services look at. 

Choose your switch date

You can continue to use your old account until you reach the agreed switch date. So, it is worthwhile thinking about when closing your old account and moving to the new one is going to work best for you. It can take as long as seven working days to make the switch, which means that you need to think about what is going to work best for you and avoid choosing Saturday, Sunday a Bank Holiday.

Switch

The great news about making an account switch is that your payments, both incoming and outgoing, will be automatically redirected to your new account. This means that you don’t have to worry about any part of the process. So long as the site you give consent to has all the information that they need, then you can start the transfer of your online banking and other aspects of your bank account management too. 

Once the transfer has been made, you can start to use your new bank account, such as using an allocated debit card or receiving and sending payments. 

The process is quick and simple, and in no time at all, you will have a bank account that gives you the perfect online experience and offline experience too.

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.