Current Accounts Knowledge Hub

Current account basics FAQ

We run through the most common questions about current accounts covering everything from what they are and how they work, to how to open an account and how to manage them.

What is a current account?

What do current accounts offer?

What types of current account are there?

Who offers current accounts?

How do I choose a current account?

How do I access my current account?

Can I have a joint current account?

Will I be offered an overdraft?

Does interest apply on current accounts?

How else can I earn money on my current account?

What does 'AER' and 'EAR' mean?

How do I apply for a current account?

What ID will I need to open a current account?

How old do I have to be to have a current account?

Do I have to be a British citizen to have a current account?

Do I have to pay for a current account?

What is a packaged current account?

Does a current account affect my credit profile?

How do I avoid bank charges?

I have a bad credit history - what can I do?

What's the difference between standing orders and direct debits?

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