This guide to choosing the right bank account is for you if
you’re trying to decide what type of account best fits your needs or you
want to know which features of an account you should compare. It can
also help if you’re thinking of switching your bank account.
Most people use a current account with a bank or building society to manage their day-to-day money. It allows you to:
- Pay bills by Direct Debit or standing order
- Receive automated payments such as salary, wages or benefits
- Pay for things with a debit card and withdraw money from cashpoint machines
- Have access to an overdraft, although this will need to be authorised by the bank
Some current accounts offer extra features for which they charge a fee
(often between £10 and £15 a month). These are known as packaged
accounts. Extras include: