Online-only bank accounts

Most providers will only need you to be over 18 and a UK resident to open a bank account, but some banks might have additional requirements for certain types of accounts. This could mean a minimum credit score, especially if the account comes with perks or benefits. Under-18s can also open a current account with providers that offer junior accounts, although younger applicants may need parental consent.

Yes, some banks offer current accounts designed for children and teenagers, although the minimum age and features vary between providers. Depending on the account, a parent or guardian may need to open or approve it. Children’s accounts can offer features such as spending controls, payment notifications and budgeting tools, helping young people learn to manage money while giving parents some oversight.

If you want to close your account, you’ll normally be able to do this by contacting your bank either by phone or post, or by meeting face to face and letting them know.

To open a bank account in the UK, you’ll usually need to prove your identity and address. The exact documents required vary by bank and account type, and some providers let you verify your details digitally instead.

Commonly accepted documents include:

• Proof of identity: a valid passport, UK driving licence or another accepted photo ID.

• Proof of address: a recent utility bill, bank statement, council tax bill or other document showing your name and address.

• Additional information: some banks may ask for your date of birth, National Insurance number, employment details or information about where your money comes from.

Possibly. Some banks can verify your identity electronically, while others accept alternative documents if you don’t have standard photo ID or proof of address. Check with your chosen provider before applying, as requirements vary.

There are no rules on how many you can have. You can have multiple bank accounts – provided your bank or building society lets you. But some have eligibility criteria, such as a minimum amount you must pay into the account each month, for example.

It can be beneficial to have an additional current account with a partner or housemate if, for example, you need to share payment of rent, mortgage and other bills. You could also open a second current account to earn higher interest on some savings, and still want to keep another account for day-to-day spending.

Be aware that if you use an overdraft on more than one current account this could negatively impact your credit score and affect your ability to get loans and credit. Your credit score could also dip if you apply for a lot of new current accounts in a short space of time.

You can usually switch bank accounts if you’re overdrawn, provided your new bank accepts your application and agrees to an overdraft limit that covers the amount you owe. If it doesn’t, you’ll need to repay the outstanding overdraft before switching. Check the new account’s eligibility criteria and overdraft terms before applying, as interest rates and fees may differ.

A current account is designed for everyday money management, letting you receive your salary, pay bills, make purchases and withdraw cash. A savings account is intended for money you want to put aside, usually earning interest on your balance. Current accounts may offer interest or rewards, but savings accounts often pay higher rates to help your money grow over time.

The Financial Services Compensation Scheme will protect up to £120,000. As long as your current account is held within a UK-authorised bank, building society or credit union then your money will be covered by the FSCS. If you hold a joint bank account, then up to £240,000 will be protected. However, if you have other accounts with the same banking group, the £120,000 limit applies across your deposits with that group.

It depends on the provider, but some current accounts specialise in keeping the costs of spending abroad low. They may offer fee-free card spending, competitive exchange rates and even lower or no overseas ATM fees. Before travelling, check the provider’s overseas fees, exchange rates and any fair-use limits to make sure you know what you’ll pay.

Yes, some banking apps let you manage multiple accounts in one place, including accounts with the same provider or, through open banking, accounts held with other banks. This can make it easier to view your overall finances, check balances and track spending without switching between different apps.

If you want to close your account, you’ll normally be able to do this by contacting your bank either by phone or post, or by meeting face to face and letting them know.

Many banks let you add another person to your account or open a joint account, although the process varies between providers. You’ll usually need to provide the other person’s details and complete identity checks, which can often be done through an app or online. Check with the provider to see whether joint accounts or additional account holders are supported.

If your bank goes out of business your money is safe up to a threshold of £120,000 due to the Financial Services Compensation Scheme, which gives you government protection when you bank. It includes digital and challenger banks, building societies and credit unions.

You may be able to get a bank account even if you’ve had debt problems in the past or if you have a low credit score.

If you can’t get approval for a regular current account, a basic bank account offers most of the functionality of a standard account, but typically you won’t have access to an overdraft.

Online and mobile banking offers easy access to your money anytime, anywhere. You can pay bills, transfer funds, and check your balance quickly. Mobile banking apps provide convenience, letting you manage your account on the go, receive instant notifications, and ensure secure transactions.