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Basic Current Accounts

Nationwide

FlexDirect Account
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Nationwide logo

No fee

Monthly fee

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Representative Example:

Based on an assumed arranged overdraft limit of £1,200 and an interest rate of 39.9% a year (variable). 39.9% APR Representative (variable). Earn 2% AER (1.98% gross p.a.) interest on balances up to £1,500 for 12 months. You’ll need to pay in £1,000 a month, not counting transfers from other Nationwide accounts or Visa credits. Online only account.

Santander

1|2|3 Current Account
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Santander logo

£5.00

Monthly fee

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Representative Example:

If you use an arranged overdraft of £1,200 you will be charged 39.94% APR (variable)/ EAR (variable). Actual credit limit may differ. Arranged Overdraft Usage 39.94% APR (variable)/ EAR (variable). Monthly interest of 0.60% AER/gross (variable) on balances up to £20,000. Earn interest and up to 3% cashback every month on selected Household bills paid by Direct Debit.

Starling Bank

Current Account
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Starling Bank logo

No fee

Monthly fee

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Representative Example:

If you use an arranged overdraft of £1,200 a 15% EAR will apply. Interest on your balances: 0.05% AER on balances up to £85,000. 2019 Best British Bank Winner - Best Current Account Provider.

Monese

Simple Current Account
Monese logo

No fee

Monthly fee

None

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100% mobile Current Account. You don’t need to provide local proof-of-address, you don’t need to prove you have a good credit history, and you’ll never need to attend a branch in person. £4.95 card delivery fee.

Nationwide

FlexAccount
Switch Guarantee
Nationwide logo

No fee

Monthly fee

Switch guarantee

Switch incentive

Representative Example:

Based on an assumed arranged limit of £1,200 and an interest rate of 39.9% a year (variable). 39.9% APR Representative (variable).

Santander

Everyday Current Account
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Santander logo

No fee

Monthly fee

Switch guarantee

Switch incentive

Representative Example:

If you use an arranged overdraft of £1,200 you will be charged 39.94% APR (variable)/ EAR (variable). Actual credit limit may differ. Arranged Overdraft Usage 39.94% APR (variable)/ EAR (variable).

Barclays

Bank Account
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Barclays logo

No fee

Monthly fee

Switch guarantee

Switch incentive

Representative Example:

If you use an arranged overdraft of £1,200, the annual rate of interest that we will charge you is 35.0% (variable), 35.0% APR Representative (variable). Overdrafts are subject to application, financial circumstances and borrowing history.

TSB

Spend & Save Current Account
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TSB logo

No fee

Monthly fee

Switch guarantee

Switch incentive

Representative Example:

Assumed arranged overdraft of £1,200: 39.9% APR representative variable. Subject to application, approval and repayable on demand. 

Santander

1|2|3 Lite Current Account
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Santander logo

£2.00

Monthly fee

Switch guarantee

Switch incentive

Representative Example:

If you use an arranged overdraft of £1,200 you will be charged 39.94% APR (variable)/ EAR (variable). Actual credit limit may differ. Arranged Overdraft Usage 39.94% APR (variable)/ EAR (variable). Earn up to 3% cashback every month on selected Household bills paid by Direct Debit.

Suits Me.

Premium Current Account
Suits Me. logo

£4.97

Monthly fee

None

Switch incentive

Suits Me is a hassle-free alternative to a traditional bank account. Their current accounts have all the features of a traditional high street bank except for a physical high street presence and no overdraft feature.

Cashplus

Deluxe Current Account
Cashplus logo

£9.95

Monthly fee

None

Switch incentive

No Credit check required. Instant approval. You can add on a Creditbuilder facility. Account Number and Sort Code immediately available*. iDraft facility for eligible customers with a limit up to £250. £5.95 Card Issue Fee. £9.95 Monthly fee. Please see 'More Info'. *Terms and Conditions apply, including applicants being resident in the UK & aged 18+.

Suits Me.

Premium Plus Current Account
Suits Me. logo

£9.97

Monthly fee

None

Switch incentive

Suits Me is a hassle-free alternative to a traditional bank account. Their current accounts have all the features of a traditional high street bank except for a physical high street presence and no overdraft feature.

Thinkmoney

Current Account
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Thinkmoney logo

£10.00

Monthly fee

Switch guarantee

Switch incentive

No credit checks to open an online current account. You can apply if you have bad credit, a CCJ or going through bankruptcy. Makes managing your finances simple and hassle free: Money managers help budget bills which could improve your credit rating.

Nationwide

FlexPlus Account
Switch Guarantee
Nationwide logo

£13.00

Monthly fee

Switch guarantee

Switch incentive

Representative Example:

Based on an assumed arranged limit of £1,200 and an interest rate of 39.9% a year (variable) 39.9% APR Representative (variable). Loaded with perks and insurance, for £13 per month.

  • Current Accounts
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  • Who we work with
  • Compare Basic Current Accounts

    If you just need a current account for depositing money and making purchases, a basic current account might be the best option for you. Most major banks and building societies will have basic current accounts available, meaning that you won’t struggle trying to find one that is right for you.

    What is a basic current account?

    A basic current account is simply a stripped-down version of a standard current account, allowing you to deposit money, spend using a cash card, set up direct debits and transfer money as you see fit. They are usually taken out if you have a bad credit score, or no credit score at all if you’re a young person who hasn’t had a chance to build up any sort of credit history.

    It usually does not include any additional features, such as a debit card, an overdraft facility, a cheque book or the ability to set up standing orders. This makes the account limited, but still useful as you’re able to keep your money secure.

    What should I look out for with a basic current account?

    • Debit or cash card – a basic current account should include a debit card or cash card to use for spending
    • Features – despite a basic current account being fairly restricted with what you can do, you can sometimes get benefits such as cashback, text alerts, online banking and the ability to set up standing orders
    • Penalties or fees – if you don’t have enough in your account to cover outgoing payments you might be hit with expensive penalty charges. There might also be fees for withdrawing too much cash, spending abroad or using a faster payments service such as CHAPS

    Should I get a basic current account?

    If you have a bad credit history and have struggled being accepted by card providers or lenders in the past, you might be better off with a basic current account.

    Despite the lack of facilities or benefits that come with it, you can still keep your personal finances under control, with less chance of you overspending due to such tight restrictions. Just make sure that you have enough in your account to cover any outgoing payments, as you might face steep penalties if you go overdrawn with a basic current account.

    Which providers offer basic current accounts?

    Most major banks and building societies will supply a basic current account, though they don’t often advertise them clearly as they are mostly for if you have a poor credit score.

    Whilst standard current accounts will be readily available, you sometimes need to request a basic current account. The good news is that they don’t usually require a credit check so are very easy to set up with most major account providers.

    Our current account providers

    We work with a huge range of providers to give you a wide selection of current accounts to choose from, ensuring you can find an account that will assist you in managing your money.

    Each provider is screened to make sure they meet our high standards before we agree to work with them. This ensures that you can trust them as much as we do, allowing you to find the best product from a reputable source.

    We have a wide range of current accounts from high street banks with thousands of branches to smaller challenger banks whose app-based current accounts can be accessed quickly and easily.

    Whether you are looking to switch to a standard current account, or find a student account with a free overdraft, you can easily browse our products and start comparing them today.

    Have a look through our list of providers to find the right current account for you.

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