Current Account guides

Whether you are looking for your first current account, one with bonus rewards or a high-interest current account, our current account guides contain everything you need to get the best account.

Opening a bank account

Before you open a bank account, it's important to know the different types of accounts available and what you'll need to provide in the application process.

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When should you use a credit card or debit card?

When it comes to credit cards vs. debit cards, is one better than the other? Each has its advantages, so it's useful to know when to use one over the other.

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What is interest?

Borrowing costs money. A lender will usually charge a borrower a percentage of the money lent, rather than a flat fee. This is called interest. This guide covers the basics of how interest works, what it is and what it means for your finances.

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How to find the best student account

Student bank accounts could save you money, let you borrow for free and offer freebies like gift vouchers or railcards. Here is how they work and how to find the best one for you.

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How to pay your overdraft off

If you go into your overdraft every month or have been stuck in the red for a while, there are ways to pay off your overdraft for good.

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How to find the best charity bank account

A current account for your charity, community group or voluntary organisation can offer a safe home for donations. Here is how manage your charity's money and pay its bills.

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What graduate account should you get?

If you have graduated and do not have a student account, or have one that lost its free overdraft and benefits, here is how to get the best graduate bank account.

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How does online banking work?

Internet banking helps you keep track of your balance and make payments 24 hours a day without going to a branch. Here is how to bank online on your computer, phone or tablet.

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How business current accounts work

If you run your own business, are a sole trader or look after the finances of a company, you may need a current account. Here is how business bank accounts work and how to get one.

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What are direct debits and standing orders?

They are automatic payments from your bank account. They can stop you missing a payment and take away the hassle of paying manually. Here is how they work and when you can use them.

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How to pay with contactless and Paym

You can use contactless payments to quickly and easily buy things with your debit card, credit card or mobile phone. You can use Paym to send and receive payments to and from other bank accounts with your mobile phone. Here is how they work.

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How to manage your bank account

Here is how to use your current account to keep it running smoothly and to avoid being charged fees.

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Is it time to ditch your cash?

We are fast becoming a cashless society, so do you really need to keep using physical money? Here's how to work out whether it's time you ditched your cash.

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What is fintech?

Monzo, Bitcoin and Kickstarter are all fintech companies. They use technology to improve your financial services. But what is fintech and what does it mean for your money?

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How to find lost bank accounts

In banks across Britain millions of pounds are sitting dormant in lost accounts, waiting to be re-claimed by their rightful owners. We take you through how you can be reunited with yours.

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How do overdrafts work?

A good overdraft can let you borrow money for free, but overspending on the wrong account could cost you money. Here is how to use an overdraft and how to find the right one.

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How to reclaim your bank charges

Persuading a bank to part with money is never easy, so if you want to reclaim your bank charges you will need to put together a good case. We show you exactly what you need to do to claim back bank charges.

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4 ATM scams you need to know about

Millions of pounds are stolen at UK cash machines each year; here are 4 scams you need to look out for when you withdraw cash at an ATM.

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Would you switch banks for cashback on your debit card?

Credit cards have offered cashback for many years but now debit cards are joining the party. So how does debit card cashback work and should you switch your current account to cash in?

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How does cheque clearing work?

We investigate the process behind clearing a cheque to find out exactly how it works - and why in a world of instant technology it can still take so long.

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How to rescue your finances if you've been refused a bank account

It's hard to imagine life without a current account, but this is the stark reality for thousands of Brits. We look at what alternatives are out there if you can't get a bank account.

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Is banking on your smart phone safe?

If you live life on the move, mobile banking can seem like an ideal way to keep track of your finances. But is it a safe way to manage your money?

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Can I switch bank accounts if I'm in my overdraft?

Being in your overdraft does not have to mean you are tied to your bank account forever. Here is how it is still possible to switch to a better deal.

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Current account or savings account: which is right for you?

Current accounts and savings accounts are the two main types of account on offer from banks and building societies - but what exactly is the difference between the two and which type of account is right for you?

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Direct debit rules: FAQs

Direct debits can be a convenient and hassle-free way to pay your bills, leaving the company you are paying to do all the leg work. Here we answer all your most common direct debit questions...

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Is debit card protection the same as for credit cards?

Purchases made on your credit card offer you some protection, but the rules for debit cards are different. Here is how the Chargeback scheme provides protection for your debit card.

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Prepaid bank accounts explained

You could be accepted for a prepaid current account without a credit check, but they can be expensive. Here are the advantages, disadvantages, costs and what you can use them for.

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How to keep your bank account secure

Here is how to keep your bank account, debit card and personal details safe when you use them online or in person.

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How to switch your bank account

Switching to a new current account is easier than ever and could save you hundreds of pounds. Here is how to get a new bank account in just seven days.

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What is a packaged current account?

You can get rewards with some bank accounts for a monthly fee. The benefits can be cost effective and convenient, but only if it is the cheapest option. Here is how to check.

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How do joint bank accounts work?

You can get a joint current account to help you share expenses or bills with your partner, housemate or a family member. Here is how they work, their risks and how to choose the right one.

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How to get a bank account for under 18s

If you are over 11, a bank account could help you look after your own money, give you a debit card and let you shop online. Here is how bank accounts work and where to get one.

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Which current account should you get?

Choosing the right current account can save you money in fees, give you all the features you need or even earn you money in interest. Here is where to find the best account for your circumstances.

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How to write a cheque

Writing cheques is a dying art, but you might need to master it if you pay a bill or send someone money for their birthday. Here is how to write a cheque without making a mistake that would make it unusable.

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What are current accounts? | money.co.uk

A bank account that lets you receive money from anyone, including your wages from your employer. You can also use it to pay bills, withdraw cash, spend on a card or make payments to other people. Here is how they work and how to get one.