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Nationwide BS Logo
Nationwide BS FlexDirect - Funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£0.50 Per Day
Interest Rate (AER)
5.00%
Account Fee
N/A
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
5% AER credit interest on balances up to £2.5K for first 12 months
At least £1,000 must be paid in each month
Earn up to £500 per year through recommend a friend scheme
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £10.00 overdraft: fee of £0.00 per day. Over £10.00 overdraft: fee of £0.50 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £1000.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £2500.00
4.89%
5.00%
£2500.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Nationwide BS Logo
Nationwide BS FlexPlus FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£0.50 Per Day
Interest Rate (AER)
3.00%
Account Fee
£13.00 pm
Account Management
Available At Branch Not Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Earn up to £500 per year through recommend a friend scheme
Arranged overdraft is fee based
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £250.00 overdraft: fee of £0.00 per day. Over £250.00 overdraft: fee of £0.50 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£13.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Packaged Account
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £2500.00
2.96%
3.00%
£2500.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
0.00% for 3 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Mobile phone insurance
- Free worldwide cover on mobile or smartphone against loss, theft, damage, breakdown and unauthorised calls for all family members living at the same address. Max 4 successful claims per 12 months. Mobile phone up to the max individual retail cost or value of £1K inc VAT. Cost of unauthorised calls up to a max of £2K inc VAT, upto £250 inc VAT PAYG. Accessory cover upto £250. Excess up to £100.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Vehicle breakdown cover
- Free UK and European breakdown cover including home assistance, home transfer and relay cover for account holder. Personal cover protecting customer regardless of which vehicle they are in and vehicle cover giving protection to any driver authorised by the account holder using the account holder's vehicle.
Worldwide insurance
- Free. Covers account holder and family (also when travelling independently). Maximum cover age 69 years old. Available on trips up to 31 days. Includes winter sports, golf, wedding and business trips. Includes baggage, cancellation cover and delay with additional expenses for food and travel if delayed by 4 hours or more.
Santander Logo
Santander 123 Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£1.00 Per Day
Interest Rate (AER)
1.50%
Account Fee
£5.00 pm
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Interest paid on credit balances up to £20K
Arranged overdraft daily usage fee
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £500.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£5.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £20000.00
1.49%
1.50%
£20000.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.25 / £1.25
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
1.50% (Min £1.99) / 1.50% (Min £1.99)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 78% 1 day 10 days
Get a debit card 0% 7 days 7 days
Get internet banking 0% 7 days 9 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 4 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 4 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Earn up to 15% cashback from selected retailers when using a Santander debit card or credit card
Cashback on operating account
- Cashback of 1% on water & council tax bills and Santander mortgage payments up to maximum £1K per month, 2% on gas & electricity bills and Santander home insurance and life protection premiums paid by DD from this account, 3% on communication bills. All subject to minimum 2 DDs of household bills paid from account.
Exclusive offers with this account
- Free access to preferential rates, exclusive offers and discounts at 123 World.
first direct Logo
first direct 1st Account - without First Directory FSCS logo
FSCS logo
Overdraft Rate (EAR)
15.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
£10.00 pm
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No arranged overdraft fees
No interest paid on credit balances
Switch Service Guarantee member
Go To Provider's Site
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.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£10.00 Per Month. Account fee waived if minimum funding of £1K per month from an external source is met, or £1K average monthly balance is maintained or hold a selected first direct additional product. Fee waived for the first 6 months
Introductory Account Fee
None

Facilities

Account Sweeping
Cheque Book
Direct Debits
Offset Option
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
2.00% (Min £1.75, max £5.00) / 2.00% (Min £1.75, max £5.00)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 9 days 42 days
Get a debit card 0% 6 days 8 days
Get internet banking 0% 6 days 7 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£250.01
1.24% - Per Month
15.90%
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
£10.00
Monthly Maximum Charge
80.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- Earn cashback with selected retailers via Visa Offers, customers can register up to five seperate first direct Visa cards.
Cashback on switching account
- £100 for accounts switched using Current Account Switching Service and at least £1K credited within 3 months. Additional £100 if account closed within 12 months, minimum £1K a month must have been credited for 6 months.
Preferential terms for currency, travellers cheques or other travel money
- Commission free travel money.
first direct Logo
first direct 1st Account - with First Directory FSCS logo
FSCS logo
Overdraft Rate (EAR)
15.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
£15.00 pm
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Worldwide mobile phone insurance up to £1.5K
No interest paid on credit balances
Switch Service Guarantee member
Go To Provider's Site
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.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years / Max Under 70 Years
Eligibility
None
Account Fee
£15.00 Per Month (Minimum term 12 months)
Introductory Account Fee
None

Facilities

Account Sweeping
Cheque Book
Direct Debits
Offset Option
Packaged Account
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 9 days 42 days
Get a debit card 0% 6 days 8 days
Get internet banking 0% 6 days 7 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£250.01
1.24% - Per Month
15.90%
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
23:45 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
£10.00
Monthly Maximum Charge
80.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- Earn cashback with selected retailers via Visa Offers, customers can register up to five seperate first direct Visa cards.
Cashback on switching account
- £100 for accounts switched using Current Account Switching Service and at least £1K credited within 3 months. Additional £100 if account closed within 12 months, minimum £1K a month must have been credited for 6 months.
Mobile phone insurance
- Free worldwide cover on mobile or smartphone against loss, theft or accidental damage up to the max individual limit of £1.5K. Unauthorised calls up to £1.5K on contract phones, £150 PAYG. Max 2 successful claims per 12 months. Excess of £50.
Leisure or sporting attractions - preferential terms
- Discounts through specially negotiated deals on days out.
Restaurants - preferential terms
- Discounts through specially negotiated deals at restaurants.
Vehicle breakdown cover
- Free RAC breakdown cover including Roadside, Recovery, At Home, Onward Travel and European Motoring Assistance. Covers account holder as a driver or passenger in an eligible vehicle.
Preferential terms for currency, travellers cheques or other travel money
- Commission free travel money.
Worldwide insurance
- Free Worldwide Travel Insurance with Aviva. Covers account holder and family. Max cover age 69 years old. Available trips up to 31 days (183 days pa). Includes winter sports cover (limit 31 days pa). Includes baggage, delay and cancellation cover.
Nationwide BS Logo
Nationwide BS FlexAccount - Funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
18.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Not Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Earn up to £500 per year through recommend a friend scheme
Must fund account at least £750 each month
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £750.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 3 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Nationwide BS Logo
Nationwide BS FlexAccount - Non-funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
18.90%
£0.00
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Not Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Earn up to £500 per year through recommend a friend scheme
No credit interest paid
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Max £749.99 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 3 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.45% - Per Month
18.90%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Nationwide BS Logo
Nationwide BS FlexDirect - Non-funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£0.50 Per Day
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Not Available At Branch Not Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Earn up to £500 per year through recommend a friend scheme
No interest paid on credit balances
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £10.00 overdraft: fee of £0.00 per day. Over £10.00 overdraft: fee of £0.50 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Max £999.99 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.00 / £1.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 100% 0 days 0 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 14 days
Get an overdraft 0% 2 days 5 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
14:30 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on operating account
- "Recommend a Friend" scheme, existing customers introducing a friend to a Nationwide current account will receive £100, the friend will also receive £100. New customer must use the current account switch service and transfer 2 direct debits.
Credit cards - preferential terms
- Eligible for Select Credit Card.
Loans - preferential terms
- Discounted rates on loans.
Savings - preferential terms
- Eligible for Flexclusive accounts.
Santander Logo
Santander Everyday Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£1.00 Per Day
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No monthly funding requirement
No interest on credit balances
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Offset Option
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.25 / £1.25
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
1.50% (Min £1.99) / 1.50% (Min £1.99)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 78% 1 day 10 days
Get a debit card 0% 7 days 7 days
Get internet banking 0% 7 days 9 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 4 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 4 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
N/A
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
£12.00
Monthly Maximum Charge
50.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Earn up to 15% cashback from selected retailers when using a Santander debit card or credit card
Santander Logo
Santander 123 Lite Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
£1.00 Per Day
Interest Rate (AER)
0.00%
Account Fee
£1.00 pm
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Cashback on household bills
Arranged overdraft daily usage fee
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 per day.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdraft's
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £500.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£1.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
£1.25 / £1.25
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
1.50% (Min £1.99) / 1.50% (Min £1.99)

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 78% 1 day 10 days
Get a debit card 0% 7 days 7 days
Get internet banking 0% 7 days 9 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 4 days 5 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Transferred Current Accounts
N/A
0.00% for 4 months
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Usage Fee
N/A
Arrangement Fee
N/A
Review Fee
N/A
Grace period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Fee
N/A
Paid Referral Fee
N/A
Grace Period
16:00 same day
Interest Free Overdraft Buffer
N/A
Fee Free Overdraft Buffer
N/A
Monthly Maximum Charge
0.00

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on debit card purchases
- Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Earn up to 15% cashback from selected retailers when using a Santander debit card or credit card
Cashback on operating account
- Cashback of 1% on water & council tax bills and Santander mortgage payments up to maximum £1K per month, 2% on gas & electricity bills and Santander home insurance and life protection premiums paid by DD from this account, 3% on communication bills. All subject to minimum 2 DDs of household bills paid from account.
Exclusive offers with this account
- Free access to preferential rates, exclusive offers and discounts at 123 World.
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Online bank accounts

Derin Clark

Derin Clark

Online Reporter
Published: 13/02/2019

At a glance

  • Online bank accounts are sometimes offered exclusively online only - however more and more bank accounts come with online access.
  • Online bank accounts can be accessed either through your desktop or mobile device and increasingly come with Apps.
  • Online banking can be a convenient way to manage your money.
  • Always make sure to protect your online banking details.

 Online bank accounts explained

Gone are the days when you need to go to a branch to conduct your day-to-day banking activities. Now, everything can be done online – and increasingly, via your phone – making money management quicker and easier than ever before. Online banking has revolutionised the sector, but how can you make it work for you?

What is online banking?

Online banking means accessing your bank accounts online, be it via a desktop computer, tablet, phone or any other internet-connected device. Increasingly, banks are offering dedicated smartphone apps for even better accessibility, allowing you to truly bank on the go.

Typically, customers will be able to undertake a variety of day-to-day banking activities through internet banking services, without needing to go to a branch or speak to someone in person. This can include transferring money between accounts, paying bills, checking bank statements or setting up automatic payments (such as direct debits or standing orders), and even applying for new products.

Benefits of internet banking

The convenience has got to be the top benefit of this form of banking. Gone are the days of needing to rush to a branch on your lunch break, or taking time out of your weekend to spend hours waiting in line – now, the majority of financial matters can be undertaken wherever and whenever it suits you, whether you’re commuting or curled up on your sofa. These days your phone can even be used to make physical purchases through services such as Apple Pay and Google Pay, that link to your chosen credit or debit cards.

Then there’s the ability to truly keep on top of your finances. Because you’re able to log on and check the status of your accounts at any time, you can quickly see if there are any issues, such as if an upcoming payment means you’re likely to go overdrawn or if a calendar month fee might push you over the edge. Indeed, according to the Financial Conduct Authority (FCA), customers who use a mobile banking app and text alert service are 24% less likely to incur unarranged overdraft fees. This means that online banking could actually help improve your finances, as well as helping you monitor them.

It could also boost your chances of being alerted to any suspicious activity, such as identity fraud. If you check your balance and bank statements and don’t recognise any transactions, you can quickly dig deeper and contact your bank for further information – please call your bank immediately if you spot anything untoward. Though there’s the chance you’re concerned about the security implications of internet banking itself; please read on for what to watch out for, and why you needn’t be concerned about logging on.

 

What to watch out for

Banks and building societies are fully regulated by the FCA and Prudential Regulation Authority and have worked hard to make their online banking facilities as secure as possible. Websites are encrypted and you’ll likely need to go through several authentication steps before you can log on, with passwords and secure keys being commonplace, while some smartphone apps use fingerprint or even facial recognition software for added security.

That said, there are still a few things you need to watch out for to ensure your internet banking experience is as secure as possible:

  • When using public computers, never check the box to ‘remember your details’.
  • Be vigilant against phishing scams. Never respond to emails that ask for online banking passwords or personal details, even if they claim to be from your bank; this extends to text messages and phone calls, too. Your bank will only ever ask you for two or three digits of your password if they need to confirm your identity – never give anyone the whole thing.
  • If you’re banking on your phone, only ever use secure Wi-Fi connections or the 3G or 4G connection through your mobile provider. Never use public Wi-Fi for any banking activity as these often aren’t secure.
  • Most online banking facilities will automatically log out after a period of inactivity, but always log out manually, especially if you’re using a public computer.
  • Make sure your anti-spyware and anti-virus software are up to date.

How to choose the best internet bank account

When you open an online bank account in the UK, whether you’re after single or joint accounts, you want to make sure you’re getting the best one for your needs. This will likely depend on a range of important factors, such as overdraft facilities and whether or not the account offers in-credit interest, but another consideration will invariably be its online banking facilities.

These days, the vast majority (if not all) bank accounts offer some form of online banking, but not all are created equal. This is particularly true when it comes to banking apps, and is why research is key. Start the process by comparing online bank accounts using the above chart, and once you’ve found one with the features you need, do a bit of extra research into your potential account’s banking facilities (such as searching for reviews of banking apps). Then, click on the relevant “Go to Site” button that will take you directly to the account in question, letting you quickly and easily apply for a bank account online.

Can I get internet banking on an existing account?

Most likely, yes! Most current accounts offer some form of online banking; if you haven’t signed up with your provider yet, make sure to contact them to find out what to do next.

Can I use internet banking abroad? 

Generally speaking, yes – as long as you’ve got an internet connection, you’ll be able to access your bank account online. Though you’ll arguably need to keep security and potential costs in mind, even more so than when you’re in the UK: don’t use your hotel’s public wifi and instead use your phone’s internet connection, but only if you’re in the EU and therefore won’t be faced with extra roaming charges.

Can I use internet banking on my phone or tablet? 

Yes – provided you’ve got an internet connection, you can bank online. Most providers these days offer a banking app, too, so head to your phone’s app store to find it, or go to your provider’s website and follow the official links.

Can I open a bank account online in the UK? 

Yes, though some providers will still require you to go to a branch with identity details to complete your application. For others, the whole process is completed online, and if you’re switching accounts you can use the Current Account Switch Service (provided your old and new banks are signed up to the scheme – most of them are) for added ease

What about Open Banking?

You may have heard a lot about Open Banking recently. Open Banking and online banking are slightly different, though similar in many ways: Open Banking still allows you to bank online or on your phone, but rather than having different apps for different accounts, all of your financial information can be included in one place, if you choose to share that information between providers. You can find more about it here.

woman shopping online on her phone

At a glance

  • Online bank accounts are sometimes offered exclusively online only - however more and more bank accounts come with online access.
  • Online bank accounts can be accessed either through your desktop or mobile device and increasingly come with Apps.
  • Online banking can be a convenient way to manage your money.
  • Always make sure to protect your online banking details.

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