Free bank accounts have become more common in the past 20 years, with nearly eight million accounts now open. It's free to use these accounts, but they can charge fees for other services such as using your overdraft.
Since 2016, lots of major banks in the UK are legally obliged to offer free bank accounts. That means it's easier than ever to find one that suits you.
Using our comparison, you can find almost every free bank account available in the UK. Although these accounts are free to use for everyday banking, you will have to pay to use services such as an overdraft, spending abroad, or a failed direct debit.
Look for the best free bank account by comparing the benefits they offer.
Find the right features for your free bank account
The best free current account is one that meets your needs. Some features you should look for in your current account include:
You can also look for accounts that offer:
If you choose a free online bank account with an overdraft, you can use it to borrow money in the short term or as an emergency buffer for unexpected costs.
This comparison shows what bank accounts offer an overdraft and details:
Pays you interest
Some free bank accounts pay interest when you have money in your account. If you keep a large amount in your account, choosing one with a higher interest rate will make you more money.
How to open a free bank account
Opening a free bank account is easy and can be done quickly in a branch or with an online application.
Typically, you'll have to provide the following documents:
Some banks may also ask for additional details, including your occupation, income, and expenses. This is not legally required but many banks often use this information to provide you with offers about other products in the future, such as credit cards.
Check the account requirements
Many banks have minimum requirements you have to fulfill to open your free bank account, such as:
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