Current Accounts

What are Current Accounts?.

A Current Account is a type of bank account used for day to day money management It allows for individuals to deposit income, withdraw cash, make payments and manage bills

What are the key features of Current Accounts?.

Access wages, benefits or other income withdraw money through ATMS or in branch Make payments online or in-person through a debit card

What are the different types of current accounts?.

There are four types of Current Accounts: A basic current account A standard current account A student current account A premium/packaged current account

What is a basic current account? What are its main features.

A current account centred around individuals who may not be eligible for a standard current account due to limited financial history - i.e may be a new arrival, or have a poor credit score. It allows for individuals to receive and withdraw income or benefits, however will not feature an overdraft or a debit card. It is the most accessible account type

What is a student current account? What are its key features?.

A student current account is designed specifically to meet the needs of learners. Common features include an interest free agreed overdraft limit and incentives to join the bank, for example; Free railcards or cash, Discounts at book/stationery shops, takeaway gift cards etc

What is a standard current account? What are its key features?.

This is the most common current account type, centred around people of all ages. It includes features like; the ability to withdraw and pay money a cheque book a debit card with contactless payment interest payments on positive balances pre agreed overdraft limit

What is a packaged/premium current account? What are its key features?.

A premium current account features all the perks of a standard current account ( arranged overdraft, contactless, debit card etc), as well as additional features - note there may be additional charges for accounts of this type. Can also include; car and home insurance credit card protection breakdown cover cashback on certain transactions