All news on the topic: Current accounts

A number of high street banks are handing out up to £175 alongside other perks and benefits just for switching accounts and only a few steps must be followed in order to receive all the bonuses on offer

If you're unhappy with any changes, it could be time to change bank and take advantage of the many switch offers that are available - we explain all the changes in full

The money is being paid out to almost 3.9million customers as part of the Nationwide Fairer Share scheme - but you need to have a qualifying current account, plus a mortgage or savings account

The initiative is being piloted in response to a wave of bank branch closures in recent years, with the first 'super-ATM' machine already installed in Atherstone, Warwickshire

The new system, which will be rolled out from August, will see some Lloyds Banking Group customers charged up to 49.9 per cent in interest to use an overdraft, up from the current 39.9 per cent

To receive the £100, customers must make a minimum of five payments using their debit card or contactless, and log into the TSB Mobile Banking app at least once, by July 5

Nationwide paid £100 to around 3.4 million members last year as part of the scheme - but it has been reported that the next payout could be bigger because of higher interest rates

The offer is available to those who use the Current Account Switch Service (CASS) to switch to either a Santander Edge, Santander Edge Up or Private current account

The Virgin Money bonus interest rate of 10% gross/10.47% AER (fixed) is available on balances worth up to £1,000 for a year, so this would generate £100 in interest

The Financial Conduct Authority recorded 874,568 complaints about banking and credit cards in the second half of 2023, up by 3.2% compared with the first half of last year

The interest charged on overdrafts can be above 40% APR on many accounts, so it is an expensive way to borrow - but millions of people may be able to claim money back

You'll need to switch your existing current account to either an Everyday Current Account, Santander Edge Current Account, Santander Edge Up Current Account, or Private Current Account v2

Complaints about credit cards hit record high, says the Financial Ombudsman Service with nearly three quarters brought by claims management companies and law firms, up from a quarter of these complaints a year earlier

The money is being paid to customers who switch to a Club Lloyds account between February 13 and March 28 - and you can also claim other perks such as cinema tickets

Data from Atom bank shows some high street banks are still paying as little as 1.40% on their easy access accounts - but smaller building societies and challenger banks are paying over 5%

Customers have until 11.59pm on January 31 to switch to the TSB Spend and Save current account to get £125 - and in addition to this, you can also claim up to £60 in cashback

An overdraft lets you borrow money through your current account, so it’s a form of debt as it needs to be repaid - but how does this affect your credit score?

The Bank and the Treasury launched a consultation in February last year over the so-called central bank digital currency

The number of current account customers ditching and switching their bank or building society reached a record high in the final quarter of 2023, according to the Current Account Switch Service (Cass)

To get the first £100, new and existing customers need to switch their current account - then for the second payment, worth £50, you need to have a qualifying savings account

First Direct is paying new customers £175 to move their current account - in addition to this, you also get access to its linked regular saver which pays 7% interest

If improving your finances is one thing on your list for next year, we've rounded up 24 tips from Martin Lewis from the past year, that you can take into 2024

Martin Lewis, founder of MoneySavingExpert.com, has urged families to take advantage of bank switch deals - with many high street lenders paying £175 or £200 for new customers

Nationwide Building Society is offering a 'top of market' switching incentive - paying £200 to those who switch - as the banking giant and building society has revealed in a new statement to its consumer base and customers

The consumer group commissioned two surveys, one of more than 4,100 savers and another of more than 4,500 current account holders, to find out about their banking experiences