There are a couple different types of bank accounts, and it’s pretty important to pick the right type.
I’m going to quickly fly through some of the different types of bank accounts & recommend a few bank accounts for each type.
App Based Bank Accounts
In my opinion, app based bank accounts are amazing! We’re talking about the ability to open up a new bank account in 5 minutes on your phone.
That’s gold.
No more trips to the branch, bringing your I.D & proof of address. None of that rubbish.
Best App Bank Accounts
Definitely one of my favourite bank accounts. The app is excellent, full of great little features and you can send money abroad for free!
A great mobile bank to help you manage your money better! Monese have a neat little app & it only takes 5 mintues to join for free!
Starling Bank offers a full current account that you can open in a couple of minutes. It gives you real-time notifications when you use your debit card, insights into your spending and lets you set up savings goals. You also earn a small amount of in-credit interest.
Student Bank Accounts
You can get some pretty good deals with student bank accounts, we’re talking about bonus cash, 0% overdrafts, railcards and all sorts of great offers if you’re a student.
Best Student Bank Accounts
Must have been a UK resident for the last three years and accepted on a full-time UCAS course for a minimum of 2 years. This must be the sole student account and requires at least £1,500 to be paid in per year of study across two or more transactions.
The Santander 123 student account gives full-time students and apprentices a four-year 16-25 Railcard, which gets you a third off rail travel, and a guaranteed £1,500 overdraft in years one to three.
Basic Bank Accounts
These accounts are really easy to open and are perfect for people with poor credit. All you need is basic ID & you are good to go!
Best Basic Bank Accounts
If you don’t qualify for a regular current account, don’t yet have a UK account, or you’re experiencing financial difficulty, this could be the right account for you.
If you don’t qualify for a regular current account, don’t yet have a UK account, or you’re experiencing financial difficulty, this could be the right account for you.
If you don’t qualify for a regular current account, don’t yet have a UK account, or you’re experiencing financial difficulty, this could be the right account for you.
Packaged Current Accounts
Packaged bank accounts are pretty cool, you usually pay a monthly fee and in return you get some pretty good rewards like cinema tickets, phone insurance & cashback.
Best Packaged Bank Accounts
The FlexPlus account is a pretty good deal! For £13 a month you get worldwide travel insurance, smartphone insurance and European breakdown cover. So if you drive, travel or use a mobile phone...it could just be the perfect packaged bank account for you.
The Everyday Extra Current Account is just like a regular current account. But you also get worldwide travel insurance, UK & European breakdown cover and mobile phone insurance for only £15 a month.
