Current Accounts

Standard:
- Most common; requires an OK credit rating.
- Features: direct debits, standing orders, cheque book, debit card, cash deposit/withdrawal.
- May offer an overdraft with interest implications.
Packaged, Premium:
- Standard facilities + bundled services (e.g., insurance, breakdown cover, cashback).
Basic:
- For those with low credit ratings.
- Limited features; no credit offered.
- Allows deposits and withdrawals with sufficient funds.
Student:
- Designed for students.
- Features: tuition fee payments, standing orders for accommodation, limited overdrafts, incentives, student loan payments.

Standard:
- Advantages: Widely available, overdraft facility, range of services.
- Disadvantages: Limited additional benefits, charges on overdrafts can be high.
Packaged, Premium:
- Advantages: Range of services, additional benefits, ease of coordinating finances.
- Disadvantages: Additional fees, generic services.
Basic:
- Advantages: Opening account for those struggling to be accepted.
- Disadvantages: Limited services, may attach a stigma.