Best Bank Accounts

Compare the best bank accounts with overdrafts as chosen by our team of independent experts.

Overdrafts Accounts

1st Account - without First Directory
Overdraft Rate (EAR)

15.90% / Fee: £0.00

Account Fee

£10.00 pm

Additional information
  • No arranged overdraft fees
  • No interest paid on credit balances
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500. Up to £250.00 charged at 0.00% EAR Variable. Over £250.00 charged at 15.90% EAR Variable. Overdraft fee of £0.00 per request.
M&S Current Account
Overdraft Rate (EAR)

15.90% / Fee: £0.00

Account Fee

None

Additional information
  • Low arranged overdraft interest rate
  • No interest paid on credit balances
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500. Up to £100.00 charged at 0.00% EAR Variable. Over £100.00 charged at 15.90% EAR Variable. Overdraft fee of £0.00 per month.
Current Account - Age 18 and over
Overdraft Rate (EAR)

15.00% / Fee: £0.00

Account Fee

None

Additional information
  • Tiered credit interest payable on balances up to £85K
  • Applications via app only
  • Swtich Service Gurantee member
Representative Example: Based on an overdraft limit of £500 charged at 15.00% EAR Variable. Overdraft fee of £0.00 per month.
Standard Account
Overdraft Rate (EAR)

15.18% / Fee: £0.00

Account Fee

None

Additional information
  • No funding requirement. No overdraft fees
  • No credit interest and no account benefits
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 15.18% EAR Variable. Overdraft fee of £0.00 per month.
Current Account - Current Account - Funded
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Account Fee

None

Additional information
  • Credit interest paid and Clubcard points awarded on card purchases
  • Internet applications only
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
Current Account - with Everyday Rewards Age 18 and over
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Account Fee

None

Additional information
  • Cashback on operating account
  • No credit interest paid
  • £4 reward when £800 per month paid in and 4 different Direct Debit mandates held, account must remain within agreed arranged overdraft limit
Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
FlexAccount - Funded
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Account Fee

None

Additional information
  • Share £200 with a friend when they switch their main current account to
  • Must fund account at least £750 each month
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
Bank Account - Age 24-64
Overdraft Rate (EAR)

19.90% / Fee: £0.00

Account Fee

None

Additional information
  • No arranged overdraft fees
  • £500 per month funding requirement
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 19.90% EAR Variable. Overdraft fee of £0.00 per request.
B Current Account - Age 18 and over
Overdraft Rate (EAR)

12.50% / Fee: £6.00 Per Month

Account Fee

None

Additional information
  • Credit interest payable up to £2,000
  • Fees charged for arranged overdraft usage.
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 12.50% EAR Variable. Overdraft fee of £6.00 per month.
Classic
Overdraft Rate (EAR)

19.84% / Fee: £6.00 Per Month

Account Fee

None

Additional information
  • No minimum funding needed
  • No interest on credit balances
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500. Up to £35.00 charged at 0.00% EAR Variable. Over £35.00 charged at 19.84% EAR Variable. Up to £35.00 overdraft: fee of £0.00 per month. Over £35.00 overdraft: fee of £6.00 per month.

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.

Disclaimer:
All overdrafts are subject to the applicant’s status. You may not be offered credit. All rates and fees are subject to change without notice. Please check all rates and terms before borrowing.

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