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Compare  Basic Current Accounts

Santander

1|2|3 Current Account
Santander logo
Monthly Account Fee
£5
Switch Incentive

Four month interest and fee-free overdraft

Interest Rate (AER)
1.50%
Representative Example:

If you use an arranged overdraft of £1,200 you will be charged £1 per day. If you are switching to Santander then there will be no Arranged Overdraft Usage Fee for the first 4 months. Actual credit limit may differ. Arranged Overdraft Usage Fee depends on the amount of overdraft you are using.

Interest rate - 1.50% AER/1.49%gross (variable) on up to £20,000

Royal Bank of Scotland

Select current account
Royal Bank of Scotland logo
Monthly Account Fee
No fee
Switch Incentive

£150

Interest Rate (AER)
0%
Apply now
Representative Example:

If you use an arranged overdraft of £1,200 you will be charged 19.89% EAR variable and £6 per month. Other overdraft fees: please see provider website for details. Use Current Account Switch Service, deposit £1,500 into the account and login to Digital or Mobile banking by 10th Jan 2020. T&Cs apply

Earn £150 for switching your current account held elsewhere to Royal Bank of Scotland by 29th November 2019. Use Current Account Switch Service, deposit £1,500 into the account and login to Digital or Mobile 

Santander

Everyday Current Account
Santander logo
Monthly Account Fee
No fee
Switch Incentive

Four month interest and fee-free overdraft

Interest Rate (AER)
0.00%
Representative Example:

If you use an arranged overdraft of £1,200 you will be charged £1 per day. If you are switching to Santander then there will be no Arranged Overdraft Usage Fee for the first 4 months. Actual credit limit may differ. Arranged Overdraft Usage Fee depends on the amount of overdraft you are using.

Revolut

Standard Current Account
Revolut logo
Monthly Account Fee
No fee
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

Revolut is a prepaid card and app used by 4.5m+ customers across Europe and Australia, to make massive savings on fees when spending and sending money abroad. See More Info. 

N26

Current Account
N26 logo
Monthly Account Fee
No fee
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

100% mobile banking. Real time balance and instant payment alert. Manage limits, set PIN, lock/unlock card from the app. No Standing Order facilities. No overdraft facility.

iCount

Pay As You Go Current Account
iCount logo
Monthly Account Fee
No fee
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now
Representative Example:

Based on an overdraft limit of £500 charged at 0.00% EAR Variable. iDraft facility costs 75p per day capped at £10/month.

£150 arranged overdraft available. Monthly account fee payable. £10 redemption fee on current account closure. Application fee of £4.95.

Monese

Current Account
Monese logo
Monthly Account Fee
No fee
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

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.

Enter the promo code ‘MONEYGUR’ when you sign up to receive a bonus of 15 GBP/EUR after you make the first card transaction.

NatWest

Select current account
NatWest logo
Monthly Account Fee
No fee
Switch Incentive

£150

Interest Rate (AER)
0.00%
Apply now
Representative Example:

If you use an arranged overdraft of £1,200 you will be charged 19.89% EAR variable and £6 per month. Other overdraft fees: please see provider website for details.

Earn £150 for switching your current account held elsewhere to NatWest by 6th December 2019. Use Current Account Switch Service, deposit £1,500 into the account and login to online or mobile banking by 24th January 2020. T&Cs apply.

Santander

1|2|3 Lite Current Account
Santander logo
Monthly Account Fee
£1
Switch Incentive

Four month interest and fee-free overdraft

Interest Rate (AER)
0.00%
Representative Example:

If you use an arranged overdraft of £1,200 you will be charged £1 per day. If you are switching to Santander then there will be no Arranged Overdraft Usage Fee for the first 4 months. Actual credit limit may differ. Arranged Overdraft Usage Fee depends on the amount of overdraft you are using.

Royal Bank of Scotland

Reward current account
Royal Bank of Scotland logo
Monthly Account Fee
£2
Switch Incentive

£150

Interest Rate (AER)
0%
Apply now
Representative Example:

If you use an arranged overdraft of £1,200 you will be charged 19.89% EAR variable and £6 per month. Other overdraft fees: please see provider website for details

Earn £150 for switching your current account held elsewhere to Royal Bank of Scotland by 29th November 2019. Use Current Account Switch Service, deposit £1,500 into the account and login to Digital or Mobile banking by 10th Jan 2020. T&Cs apply

NatWest

Reward current account
NatWest logo
Monthly Account Fee
£2
Switch Incentive

£150

Interest Rate (AER)
0.00%
Apply now
Representative Example:

£2 monthly fee. If you use an arranged overdraft of £1,200 you will be charged 19.89% EAR variable and £6 per month. Other overdraft fees: please see provider website for details.

Earn £150 for switching your current account held elsewhere to NatWest by 6th December 2019. Use Current Account Switch Service, deposit £1,500 into the account and login to online or mobile banking by 24th January 2020. T&Cs apply.

N26

You Current Account
N26 logo
Monthly Account Fee
£4.90
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

100% mobile banking. No fees on ATM withdrawals abroad, in any currency. Manage limits, set PIN, lock/unlock card from the app. No Standing Order facilities. No overdraft facility. Travel without the fees.

Cashplus

Activeplus Current Account
Cashplus logo
Monthly Account Fee
£5.95
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

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. £5.95 Monthly fee. Please see 'More Info'. *Terms and Conditions apply, including applicants being resident in the UK & aged 18+.

Revolut

Premium Current Account
Revolut logo
Monthly Account Fee
£6.99
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

Revolut is a prepaid card and app used by 4.5m+ customers across Europe and Australia, to make massive savings on fees when spending and sending money abroad. See More Info. 

Cashplus

Deluxe Current Account
Cashplus logo
Monthly Account Fee
£9.95
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

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+.

iCount

Pay Monthly Current Account
iCount logo
Monthly Account Fee
£9.95
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now
Representative Example:

Based on an overdraft limit of £500 charged at 0.00% EAR Variable. iDraft facility costs 75p per day capped at £10/month.

£150 arranged overdraft available. Monthly account fee payable. £10 redemption fee on current account closure. Application fee of £4.95.

Revolut

Metal Current Account
Revolut logo
Monthly Account Fee
£12.99
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

Revolut is a prepaid card and app used by 4.5m+ customers across Europe and Australia, to make massive savings on fees when spending and sending money abroad. See More Info. 

N26

Metal Current Account
N26 logo
Monthly Account Fee
£14.90
Switch Incentive

None

Interest Rate (AER)
0.00%
Apply now

100% mobile banking. No fees on ATM withdrawals abroad, in any currency. Manage limits, set PIN, lock/unlock card from the app. No Standing Order facilities. No overdraft facility.

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  • 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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