In partnership with
Compare Current Account Offers
See eligible current accounts, switching offers and overdraft options at no impact to your credit score.
Comparing current accounts won’t affect your credit score.
How it works
- Whether you want a straightforward everyday account, switching incentive, cashback rewards or an overdraft.
- We'll work with ClearScore to use the information you provide to match you with relevant current account offers.
- Compare eligible current accounts, features and incentives in one place.
Why switch?
You could benefit from:
- Switching Bonuses: Many banks offer cash incentives (e.g., £100–£200) for moving your primary bank account to them.
- Earn more from your money: Some accounts pay interest on money you keep in your account, helping your balance grow over time.
- Lower Overdraft Fees: If you regularly dip into your overdraft, switching to a provider with a lower interest rate could save you money.
- Packaged Benefits: Access to mobile phone insurance, travel insurance, or breakdown cover for a monthly fee.
- Better Banking Apps: Moving to a provider with smart budgeting tools, instant notifications, and spending analytics.
Which type of current account works best for you?
If you want to apply for a new bank account, there are several different types available on the market.
Standard Everyday Accounts
Packaged Bank Accounts
Reward / Cashback Accounts
Basic Bank Accounts
Switching current accounts with an overdraft or bad credit
It is entirely possible to switch banks if you are currently in your overdraft, provided your new bank agrees to offer you an overdraft limit that covers your existing debt. If you have a low credit score, you may not be approved for an arranged overdraft with a new provider. In this case, your switch may be declined, or you may be offered a "Basic Bank Account" without a credit facility.
Always check the Representative APR of any overdraft before you switch.Compare current accountsPros and cons of switching current accounts
Advantages of credit cards
The CASS Guarantee
The switch takes just 7 working days, and if anything goes wrong, the CASS Guarantee ensures you aren’t left out of pocket for any missed payments or fees.Financial Incentives
You can take advantage of cash bonuses, cashback, or competitive savings rates.FSCS Protection
All UK-regulated banks protect your deposits up to £85,000 under the Financial Services Compensation Scheme.
Disadvantages of credit cards
Eligibility Criteria
To qualify for switch bonuses, you usually need to meet strict criteria, such as paying in a set amount (e.g., £1,000+ a month) and transferring at least two active Direct Debits.Credit Score Impact
Opening a new bank account usually results in a "hard search" on your credit file. Doing this too often in a short period can temporarily lower your credit score.Overdraft Risks
If your new provider charges a higher Representative APR on overdrafts than your current bank, borrowing could become more expensive.
Please note Equifax introduces you to Clearscore, who operates the comparison service. This service is for informational purposes only, comparing banking products from various providers. There is no guarantee you will be offered an account or meet specific eligibility criteria (such as minimum monthly pay-ins for switch bonuses). Clearscore does not charge you a fee for this service. Should you open a product with a provider via this service, Clearscore receives a commission, and Equifax will receive a share of that commission. We do not offer financial advice. If you are unsure if a product is right for you, you should seek independent financial advice.
