Online banking accounts

Keep track of your money 24 hours a day, 7 days a week with an online banking account. Use the bank’s secure website to manage your current account.

Online banking accounts - Order based on in-credit rate (AER) in descending order

    • Provider/Product name FlexDirect

      FlexDirect

    • Customer Service Rating
      Great
      74%
      OK
      21%
      Poor
      5%
    • Overdraft Rate (EAR) 0% 1st 12 months
    • Interest Rate (AER) 5.00% on balances between £1 and £2500
    • Go to site

      Phone

      More details

    Market leading

    This is the best rate for balances up to £2,500

    Great for
    In credit interest of 5% AER on balances from £1 to £2,500. Conditions apply
    Dedicated switching service to personally manage your account opening
    But be aware that
    Minimum monthly funding of £1,000
    After 12 months the interest rate lowers to 1% AER
  1. Great for
    Earn up to 4% AER / 3.93% Gross variable interest on your balance up to £5,000
    Get exclusive access to a range of great banking offers
    But be aware that
    For the monthly £5 fee to be waived, a minimum of £1,500 must be paid into your account each month
    To qualify for credit interest you need to pay two different Direct Debits from your Club Lloyds current account each calendar month

    Representative Example:

    If you use an arranged overdraft of £1,200 you'll be charged 19.94% EAR (variable) + £6 per month

    • Provider/Product name 123 Current Account

      123 Current Account

    • Customer Service Rating
      Great
      80%
      OK
      17%
      Poor
      3%
    • Overdraft Rate (EAR) 0% 1st 4 months if you switch
    • Interest Rate (AER) 3.00% on balances between £3000 and £20000
    • Go to site

      Phone

      More details

    2016 SUPERS

    Winner of the Best 'Loyalty’ Current Account Provider

    Great for
    Monthly cashback on selected household bills
    Monthly interest of 3% AER (variable) payable on your entire balance up to £20,000, when you have at least £3,000 in your account
    But be aware that
    A £5 account fee will be taken from your account each month
    You must pay in at least £500 each month 
  2. £150 cashback

    £150 cashback when you switch your current account to Clydesdale Bank. T&Cs apply

    Great for
    2% AER in credit interest. Use for end of month balances or savings
    9.9% EAR Overdraft rate – great option for overdraft occasional users
    But be aware that
    Minimum monthly funding £1,000
  3. £150 cashback

    £150 cashback when you switch your current account to Yorkshire Bank. T&Cs apply

    Great for
    2% AER in credit interest. Use for end of month balances or savings
    9.9% EAR Overdraft rate – great option for overdraft occasional users
    But be aware that
    Minimum monthly funding £1,000
    • Provider/Product name 1st Account

      1st Account

    • Customer Service Rating
      Great
      92%
      OK
      7%
      Poor
      1%
    • Overdraft Rate (EAR) Interest free on the first £250
    • Interest Rate (AER) 0.00%
    • Go to site

      Phone

      More details

    Exclusive

    £150 cashback when you switch your current account to first direct through MoneySuperMarket!

    Great for
    Receive £150 cashback when you switch to first direct through MoneySuperMarket
    Earn a market leading 6% interest from first direct's regular saver and access preferential mortgage rates - open to first direct banking customers only
    But be aware that
    Minimum monthly funding of £1,000
    No interest paid on balances in credit
  4. Great for
    Earn up to 15% cashback at the type of places you regularly shop by using a Lloyds Bank debit card
    Have the chance to be paid back for something you've bought up to £500 with a Lloyds Bank debit card
    But be aware that
    Available to internet banking registered current account customers aged 18+. Offers and cashback amounts vary
    Available to customers who register for Everyday Offers cashback via Internet Banking

    Representative Example:

    If you use a Planned overdraft limit of £1,200 on a Lloyds Classic Account, the overdraft interest rate Lloyds Bank will charge on the first £25 will be 0% EAR variable and a monthly overdraft usage fee will not apply. The overdraft interest rate on the next £1,175 will be 19.94% EAR* variable and a monthly overdraft usage fee of £6 will apply.
    *EAR is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges.

    Overdrafts are subject to application and approval.

  5. Switching Gift Card!

    Earn up to £220 on an M&S gift card! Receive £100 when you switch and up to £120 when you stay! Conditions apply, see T&Cs

    Great for
    Switch to M&S and earn £100 on an M&S gift card plus £10 gift card top up per month for up to 12 months. See T&Cs
    Access to the 6% AER high interest rate M&S Monthly Saver account. See T&Cs
    But be aware that
    To qualify for the £100 gift card you must use the Current Account Switch Service and have two active direct debits
    To qualify for a £10 monthly top up on your gift card you must have two active direct debits and a minimum monthly funding of £1,000

    Representative Example:

    0% EAR variable on the first £100. 15.9% EAR variable thereafter.

  6. £100 M&S gift card

    £100 M&S gift card if you switch using the Current Account Switch Service

    Great for
    M&S vouchers worth £222 every year (£127 worth of hot drinks vouchers, £40 vouchers for clothing and homeware, £45 for treats and delights and a £10 birthday treat)
    Access to the 6% AER high interest rate M&S Monthly Saver account
    But be aware that
    £10 monthly fee
  7. Great for
    Free Multi-trip travel insurance
    Dedicated switching service to personally manage your account opening
    But be aware that
    Minimum monthly funding of £750 to qualify for the travel insurance
  8. Great for
    Award winning mobile banking - pay your contacts anytime
  9. Exclusive

    Get £100 for switching when you apply through MoneySuperMarket - plus up to £5.50 per month. Ts&Cs apply

    Great for
    Rewarding you up to £5.50 every month for simply doing Everyday Banking things
    To be rewarded £4 per month and 5p per debit card transaction (max £1.50), each month: pay in £800+, stay in credit/within agreed overdraft limit, log in to Online or Mobile Banking, remain opted in for Paperless Statements & pay out 4+ Direct Debits
    But be aware that
    Overdrafts are only available to account holders 18 or over. Subject to status.
    To qualify for Everyday Rewards you must meet all the qualifying criteria and opt in to the scheme. Account Terms & Conditions apply

    Representative Example:

    The advance of credit of £1,200 at an interest rate of 18.9% EAR variable per annum.

  10. Great for
    smile Current Account comes with a £500 overdraft as standard
    But be aware that
    Overdraft - Debit interest of 18.9% EAR per annum is charged on the total overdrawn balance. All overdrafts are subject to status

    Representative Example:

    The advance of credit of £500 for a 12 month term at an interest rate of 18.9% EAR Variable. Total amount payable £594.50. Interest is payable each month and the remaining balance would be repayable in one installment at the end of the term.

Online banking

Forget queues, paperwork and limited weekend opening hours – online banking does away with all of it, providing free and secure access to your bank accounts around the clock.

Whether you just want to check your balances, make a payment to someone or transfer money between accounts, you can do it all with just a few clicks at your own convenience.

It’s not surprising then that online banking has taken off in a big way. According to the Payments Council, more than 26 million people in the UK now use internet banking.

While banks and security companies have developed robust and sophisticated security practices, unfortunately there are still unscrupulous folk out there working just as hard to circumvent them – so you still need to be on your guard.

Benefits of online banking

Many of us are in work during weekdays, which means a trip to the bank involves either a rushed lunch after wasting our lunch breaks in a bank queue or spending our Saturday mornings in our local branch.

Thanks to internet banking, many of the simple tasks we used to have to go to the bank for can now be done at home using a computer. You can transfer cash to another account yourself, or check your transaction history on screen rather than having to queue up for a print-out.

In terms of security, we used to have to wait for our monthly statement to come in the post before we could spot any inaccuracies or suspicious activity on our accounts. With an online bank account, we can monitor them in (almost) real-time.

Also, most online banks allow you to search your transaction history, which is extremely useful if you run into a dispute over an allegedly unpaid bill because you’ll be able to prove it one way or another.

Some even have instant messaging services which allow you to chat with an advisor and get answers to your questions.

There are, in fact, very few things you can do in a physical branch that you can’t do with an internet bank account.

Banking safely

The banks do everything they can on their end to make sure you’re banking safely, but you need to do your part too.

As best practice, never follow a link to your bank from an email, as the email could be a ‘phishing’ scam. Instead type the web address directly into the address bar or use a search engine to find it.

If you are using a search engine, be sure to check the site you click through to has the correct URL and is definitely your bank. Cyber criminals sometimes create extremely convincing ‘spoof’ sites to get your log-in details. One thing they can’t fake, however, is the URL – so check it’s exactly right.

Once on the site, make sure there is a padlock symbol in the browser’s address bar indicating the page is secure. A padlock on the web page isn’t enough because that can easily be faked – instead look to the left or right of the web address.

Once you’re logged in, the web address should change from beginning with “http” to “https”, indicating a secure connection.

If your bank offers additional security software, such as NatWest’s Rapport, use it alongside your computer’s own security software for added protection.

If you do notice any unusual or inexplicable transactions in your online statement, contact your bank directly by phone and query or report it.

Don’t ever share your login details with anyone and if you use a shared computer for accessing your online bank accounts, don’t allow the browser remember your log-in credentials when prompted.

Finally, make sure you’re fully logged out before you leave your bank’s website.

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