Current accounts

Current accounts are the most common type of bank account and are designed for everyday use. They are normally used to pay bills by direct debit or standing order and are also used for receiving salary payments.

Current accounts do not usually pay much interest on the money you have in the account. There is a huge range of different accounts so it pays to shop around and compare the benefits such as overdraft facilities, charges and interest rates to find the right account for your own circumstances. Overdraft bank accounts are available from some banks.

Current accounts can be presented as packaged bank accounts. These normally come with benefits such as money-off vouchers, free travel insurance, concierge services and other benefits. These benefits are not free because packaged bank accounts charge a monthly fee typically between £5 and £25 depending on the level of benefits.

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