Online banking has revolutionised how you conduct your everyday banking. You don't have to stand in long queues or deal with limited weekend hours to look after your everyday current account.

Online bank accounts make tasks such as checking your balance, making a payment or transferring money between accounts as easy as a few clicks on your desktop or mobile.

Some of the advantages of online current accounts are:

  • Easy to use: It's simple to set-up and convenient to use no matter where you are

  • Save time: No queues or busy hours. Bank anywhere, at anytime.

  • Secure: Avoid the risks of carrying cash or sending cheques, while knowing that you're always protected online.

  • Stay in control: Keep track of your spending so that you know exactly where you stand and avoid overdraft fees.

What is Open Banking?

Open Banking is a set of regulatory reforms that were put in place by the Competition and Markets Authority (CMA) in January 2018. These reforms made it a legal requirement for UK-regulated banks to let you share your financial information with third parties, such as budgeting apps or other banks.

This is to help consumers have a better understanding of their finances, as well as bring in more competition and innovation in the industry.

How to open a bank account online

Opening a bank account online is simple and you can apply online in just a few minutes. You can do this by visiting the website of the bank of your choice, and filling out the application form. Typically, you'll have to provide your personal details such as your name, age, nationality and address, as well as supporting documents as proof of these.

In most cases, you'll be asked to provide the following documents:

  • Proof of ID: Typically this can be your passport or driving licence

  • Proof of address: This can be a recent utility bill, council tax bill, or rental agreement

Some banks may also ask for additional details such as your occupation, income and expenses. Though this is not legally required, many banks often use this information to provide you with offers about other products and services in the future, such as credit cards.

How to choose the best online bank account

You can use this comparison to find a lot of current accounts that include online banking and check:

  • If there is an annual or monthly account fee and how much it costs

  • Requirements for having the account, e.g. pay in 500 or more each month

  • Details of the overdraft's limit, fees and interest rate

  • The interest rate you can earn

What features do you need?

Nearly all current accounts now offer free online banking, so you could compare accounts that offer other features such as:

Here is how to work out what you need from your bank account. Once you have found accounts that offer these features, check what their internet banking service includes.

Online bank accounts FAQs

Q

Can I open a bank account online?

A

Yes, you can apply for most current accounts instantly using the bank's website. Here is how to choose and apply for an internet bank account.

Q

Can I get online banking on an existing account?

A

Yes, most current accounts offer an online banking service, so ask your bank what features you can get. If not, you could switch to a new account.

Q

Can I use online banking when I am abroad?

A

Yes, in most countries, but make sure you are using a secure internet connection, preferably with your own phone, laptop or tablet.

Q

Can you use internet banking on a joint account?

A

Yes, most joint accounts offer online banking. Some let either of you use it to make withdrawals, but others require both of you to authorise transfers.

Q

Can I use internet banking through my phone or tablet?

A

Yes, most banks have a mobile app you can use, although it may not offer all of the same features.

About our current accounts comparison

Q

Who do we include in this comparison?

A

We include every personal & premium current account with internet banking in the UK, except for student and children's accounts. They are all regulated by the Financial Conduct Authority (FCA). Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.