current accounts

standard

The most common account, it has features such as you can pay in and withdraw money. You will receive a debit card, be able to pay for things online and set up a prearranged overdraft.​

packaged,premium

This account has a monthly fee in return for additional benefits such as breakdown cover, cash back on purchases, home insurance and payment protection. These may not always be value for money.​

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basic

This current account is mainly used by people who have a poor credit rating and struggle to open a standard account. It has limited facilities and no overdraft available.

student 

An account designed to benefit students. Especially useful for students attending university as they provide interest free overdrafts, railcards and discounts off eating out.​

standard (pros)

• no charges on credit balences

• offers the holder a wide range of facilitues including a cheque book debit/ cash card and possibly an overdraft facility

• convenient for reciving regular payments

packaged, premium (pros)

• no chrges on credit balences

• offers the holder a wide range of facilitys including a cheque book debit/cash card and possibly a overdraft facility

• convenient for receving regular payments

• offers the holder additanal perks at a packedged price cheeper than acquirering them indervidualy

basic (pros)

• avalible to customers with a low credit rating 

• offers an easy first step for inderviduals to gain acsess to basic banking faciletys 

student (pros)

• courrse fees and studant loans can be eaisly handeld

• bounasses offerd are desighned to meet the needs of lerners 

standard (cons)

potentualy high carges on the use of a overdraft

packaged, premium (cons)

• additonal monthly charge is frequenlty applied

• the package offered may not offer value for money or to meet the needs of the indervidual account holder 

basic (cons)

• limeted facilities

student (cons)

• overdraft facilites could encorage overspending

• charges for overspending are high