Choosing a Current Account in the UK
Switching incentives, overdraft costs, app quality and the features that matter day to day.
By Easy Finance Tips Editorial Team•
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Updated 1 Jul 2024•
5 min read•
17,543 views
Look past the switching bonus
A one-off payment is nice, but overdraft rates, fees abroad and everyday usability matter for far longer.
What to compare
- Overdraft interest rate and any arranged fees.
- Fees for spending or withdrawing abroad.
- Interest paid on in-credit balances and any conditions attached.
- App features such as budgeting, pots and instant notifications.
Switching is straightforward
The Current Account Switch Service moves payments and balances and redirects incoming payments, usually within seven working days.
Sources
Easy Finance Tips provides general information and educational content, not personalised financial advice.