Compare online bank accounts

Find an online bank account that makes it easier to keep track of your money and make payments whenever you need to.

9 results found, sorted by lowest account fee. How we order our comparisons.
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Switch to Santander and receive £130. T&Cs apply.
Santander Everyday Current Account
Account fee & requirements
No monthly fee
Arranged overdraft
39.94% EAR variable
Interest rate
0% AER
£130 cashback when you complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum Investment£2,000,000
Minimum Age18 years
Permanent UK Resident
British Bank Awards: Best British Bank 2021 Winner
Starling Bank Current Account
Account fee & requirements
No monthly fee
Arranged overdraft
£8.54 buffer, then 15% EAR variable
Interest rate
0.05% AER (on up to £85,000)
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 15% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10.05%0.05%0.05%0.05%
£85,0010%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Barclays Bank Account
Account fee & requirements
No monthly fee
Arranged overdraft
£15 buffer, then 35% EAR variable
Interest rate
0% AER
A bank account with a contactless debit card. Track your spending and manage your accounts and payments easily using the Barclays app. You need to be 18 or over to access this product or service using the app. T&Cs apply.
Overdraft interest is waived on balances within the £15 buffer.
Representative Example: If you use an arranged overdraft of £1,200, you will be charged 35.0% EAR (variable). Representative APR: 35.0% (variable). Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
TSB Spend & Save
Account fee & requirements
No monthly fee
Arranged overdraft
39.9% EAR variable
Interest rate
0% AER
Earn up to £30 cashback - £5 per month for 6 months, making 30 debit card payments per calendar month (direct debits/withdrawals excluded)*. Saving Pots, Save the Pennies and Auto Balancer features.
UK residents only, 18+.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.9% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Receive £100 for switching. T&Cs apply.
First Direct 1st Account
Account fee & requirements
No monthly fee
Arranged overdraft
£250 interest free, then 39.9% EAR variable
Interest rate
0% AER
To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening.  New customers only that have not opened a HSBC account on or after 1 Jan 2018.
Representative Example: £250 interest and fee free overdraft, subject to status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 30.5%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
£100 to switch to Natwest + £50 if you stay. T&C's apply.
NatWest Select Account
Account fee & requirements
No monthly fee
Arranged overdraft
39.49% EAR variable
Interest rate
0% AER
Over 18s only and account eligibility criteria applies.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.49% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Switch to Santander and receive £130. T&Cs apply.
Santander 123 Lite Current Account
Account fee & requirements
£2 per month, pay in £500+ per month
Arranged overdraft
39.94% EAR variable
Interest rate
0% AER
£130 cashback when you complete a full switch to a Santander 123 Lite Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Minimum Monthly Credit£500
Permanent UK Resident
TSB Spend & Save Plus
Account fee & requirements
£3 per month
Arranged overdraft
£100 interest free, then 39.9% EAR variable
Interest rate
0% AER
Earn up to £60 cashback annually: £5 per month, ongoing with 30 debit card payments per calendar month on opening a new Spend & Save Plus account or changing an existing TSB account. Interest-free overdraft up to £100.
UK residents only, 18+.
Representative Example: £100 interest and fee free overdraft, subject to financial status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 40.1%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Switch to Santander and receive £130. T&Cs apply.
Santander 123 Current Account
Account fee & requirements
£4 per month, pay in £500+ per month
Arranged overdraft
39.94% EAR variable
Interest rate
0.3% AER (on up to £20,000)
£130 cashback when you complete a full switch to a Santander 123 Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10.3%0.3%0.3%0.3%
£20,0010%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Minimum Monthly Credit£500
Permanent UK Resident

Compare another type of current account

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

What is an online current account?

An online bank account allows you to carry out your everyday transactions through the internet. These often called app-based bank accounts and are a recent industry innovation where the bank has no physical branches that you can visit.

It's a truly online bank account, where the bank exists as an app on your smartphone, which you can use to conduct most of your usual banking.

How to open a current account online

If you want to open a bank account online, it's simple and takes just a few minutes.

  • Visit the website of the bank of your choice, and filling out the application form for the type of account you want.

  • Provide your personal details such as your name, age, nationality and address, as well as supporting documents as proof of these.

What supporting documents are eligible for proof of ID and proof of address?

Supporting documents that are typically accepted include:

Proof of ID documents:

  • Drivers Licence (UK/EU/EAA)

  • UK passport, Foreign passport & Visa

  • EU and EEA National Identity Card

Proof of address documents:

  • Drivers Licence

  • UK utility bill (gas, electricity, water, home telephone)

  • Mortgage/rental agreements

  • Bank/Building Society statement

  • Council tax bill

Some online 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 or savings accounts.

How to choose the best online bank account

When comparing online bank accounts to decide on which one to get, here are some of the features you should look out for:

  • Monthly fees: Some banks may charge a monthly fee

  • Overdraft facilities: It can be useful to have an overdraft facility just in case your balance drops below zero

  • Earning on your balance: Some banks will pay you interest up to a certain amount of your balance.

  • Additional features: Some banks, especially app-based banks include budgeting and savings tools that help you manage your finances better

  • Add-ons: Some packaged accounts come included with facilities such as mobile phone insurance or breakdown cover.

  • Rewards: Some accounts offer rewards on your spending such as cashback or discounts on certain retailers.

You can find out more about what you need from your bank account here. Once you have found accounts that offer these features, check what their internet banking service includes.

What are the benefits of app-based bank accounts?

These accounts also offer several unique features such as:

  • Spending notifications

  • Ring fencing savings

  • Free cash withdrawals overseas

  • Budgeting tools

  • Rewards/add-ons

Online bank accounts FAQs

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.

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.

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

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.

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

Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority (FCA). Here is more information about How our website works.

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.

Further Information

Last updated: 14 May, 2021

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Why compare current accounts with money.co.uk?

Comparing current accounts could save you money on overdrafts, get you cashback on bills or see you paid more interest on positive balances. Our multiple award-winning comparison service helps make sure you get the best deal possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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