Compare Current Accounts

We offer a range of current accounts to suit different needs.

Whether you’re looking for an account with benefits or need a simple account for day-to-day spending, we have a range of current accounts to suit your needs. With all of our bank accounts you have access to Online Banking and the Mobile Banking app, as well as 24-hour telephone services and access to our branches.

Explore and compare our available current accounts below, to find the one that suits you and apply online today. It’s quick, simple and you can switch to us within just 7 working days with the Current Account Switch Service.

Current Account Switch Guarantee

Compare bank accounts

Type of account

Features & benefits

Type of account

Current Account

Current Account card

Monthly maintaining the account fee

£0

Features & benefits

  • Contactless - you’ll get a contactless VISA debit card
  • Mobile Banking app - highly secure and packed with features to make banking fast and convenient wherever you are
  • Up to 15% Cashback - earn as you shop with Cashback Extras. Merchant offers and cashback amounts vary.6
  • Mobile alerts - to help you keep track of your money
  • Save the change® - round up your card payments and put the change in your Halifax savings account
  • Arranged overdraft facility available1

Type of account

Reward Current Account

Reward Current Account card

Monthly maintaining the account fee

£3

If you pay in £1,500 or more each month you won’t pay the fee.

Features & benefits

  • All the features you get with the Halifax Current Account, plus;
  • Reward Extras - choose one of the great monthly rewards:
  • Two digital movie rentals
  • Three digital magazines
  • One cinema ticket
  • £5 cash

Meet the following criteria every month to receive your chosen reward

Spend £500 on your debit card each month

or

Keep £5,000 or above in your account each day of the month

You will also need to pay at least £1,500 into your account and stay in credit (keeping your balance at £0 or above).

 

Type of account

Ultimate Reward Current Account

Ultimate Reward Current Account card

Monthly maintaining the account fee

£17

Features & benefits

  • All the features you get with the Halifax Reward Current Account, plus;
  • Worldwide multi-trip family travel insurance2
  • AA Breakdown Cover3
  • Mobile phone insurance4
  • Home emergency cover5
  • Reward Extras - Add a Reward Extras offer to your account to get £5 or a lifestyle benefit each month that you meet the offer criteria.
  • Arranged overdraft facility available1

Ultimate Reward Current Account

There are other accounts available to you that provide banking facilities without additional benefits, and which do not have a monthly maintaining the account fee.

Type of account

Money Smart (11-15 years old)

As part of Money Smart, the child gets a current account and a savings account.

Money Smart debit card

Monthly maintaining the account fee

£0

Features & benefits

Our current account and savings account for 11 to 15 year olds:

  • A VISA debit card
  • Parent or legal guardian has visibility of account activity
  • Dedicated Money Smart hints and tips
  • Interest is earned on savings account only. Earn 1.00% AER/gross variable on balances over £1. 0.01% AER/gross variable on balances over £1,000.
  • No overdraft is available on this account

Type of account

Student Current Account

Current Account card

Monthly maintaining the account fee

£0

Features & benefits

Our Student Current Account is available if you’re aged 18 or over, and on a degree course or equivalent full time education.

  • An interest-free arranged overdraft up to £1,500 for the length of your course plus 3 years after you graduate1
  • Contactless - you’ll get a contactless VISA debit card
  • Up to 15% Cashback - earn as you shop with Cashback Extras. Merchant offers and cashback amounts vary.6
  • Mobile Banking app - highly secure and packed with features to make banking fast and convenient wherever you are
  • Mobile alerts - to help you keep track of your money
  • Save the change® - round up your card payments and put the change in your Halifax savings account

The daily arranged overdraft interest rate for using your arranged overdraft, over your interest free amount is based on how you manage any accounts you have with us and on the credit information we hold about you. We will let you know your rate in the pre contract credit information we give you if you apply for an arranged overdraft.

Type of account

Expresscash (11-17 years old)

Expresscash card

Monthly maintaining the account fee

£0

Features & benefits

  • Contactless - you’ll get a contactless VISA debit card
  • Access to Online Banking and the Mobile Banking app
  • For accounts opened before 23 August 2021 - Earn interest on your account of 0.50% AER (0.50% gross p.a.) variable on balances between £1 and £2,499.99. We do not pay interest on amounts of £2,500 or more

    For accounts opened on or after 23 August 2021 - Earn interest on your account of 0.50% AER (0.50% gross p.a.) variable on balances between £1 and £999.99. We do not pay interest on amounts of £1,000 or more
  • Mobile alerts - to help you keep track of your money
  • No overdraft is available on this account

Type of account

Basic Account

Basic Account card

Monthly maintaining the account fee

£0

Features & benefits

Our account for customers who are ineligible for our other current accounts.

  • Contactless - you’ll get a contactless VISA debit card
  • No overdraft is available on this account

What is a current account?

A current account is a place to pay in and manage your money.

It’s a regular bank account and you can use it to withdraw, deposit, pay bills, save money and make payments.

Most jobs will pay your salary into a current account.

You may be able to add an arranged overdraft to a current account. You can use this to borrow money and pay it back when you need to.

How does a current account work?

Your money is stored securely in your account and you can access it whenever you want.

You can use a current account to pay regular bills, by setting up Direct Debits and standing orders.

You’ll be provided with a contactless VISA debit card when you open a current account.

You’ll also get access to our mobile app and online banking to help manage your money.

What to look for when comparing current accounts?

Current accounts offer a range of extras and benefits. They can be much more than just a place to store and manage your money.

You’ll want to compare current accounts to see which ones best suit your budgets and your lifestyle. Some of the factors you should consider include:

  • Interest rates. Can I earn interest on this account?
  • Monthly fees. Will you be charged a monthly maintaining the account fee for having the account?
  • Rewards. Does the current account include rewards?
  • Insurance benefits. Is the account a packaged bank account with insurance benefits included?
  • Arranged overdraft. Do you need an arranged overdraft and does the account offer one?
  • Cashback. Does your account offer money back on your monthly bills and daily spending?
  • Mobile banking. Banking on the go is much easier with a mobile. Does your account have access to a mobile banking app?
  • In-branch banking. Is banking in branch available with this account?

  • We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

    Current Account Switch Guarantee

    • The service is free to use and you can choose and agree your switch date with us.
    • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
    • If you have money in your old account, we will transfer it to your new account on your switch date.
    • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
    • If there are any issues in making the switch, we will contact you before your switch date.
    • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

    For more information and FAQs, please read the Account Switching Guide (PDF, 1.7MB).

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* Representative Example (based on using a Student account)

Representative Example (based on using a Student account)

A variable representative rate of

A variable interest rate of

Based on borrowing

A variable representative rate of

0% APR

A variable interest rate of

0% EAR*

Based on borrowing

£1,200

This example assumes you are in the second year of your studies

How does our overdraft compare?

You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you.

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

Interest cost of borrowing £500

£0 for 7 days

£0 for 30 days

£0 for 60 days

Useful tools

You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time. Check your eligibility and calculate the cost of an arranged overdraft:

Cost Calculator Eligibility Tool

Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.

*EAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This interest rate does not include any other fees and charges.

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board. 

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

1All overdrafts are subject to our assessment of your circumstances and are repayable in full on demand. You must be aged 18 or over to apply.
2Provided and underwritten by AXA Insurance UK plc.
3AA Breakdown Cover, including Home Start, provided by Automobile Association Developments Limited (trading as AA Breakdown Services).
4Mobile phone insurance arranged and administered by STAMS Limited with a single insurance provider, Assurant General Insurance Limited.
5Home emergency cover underwritten by Inter Partner Assistance S.A.
6To be eligible for Cashback Extras you need to be over 18, have a Halifax current account, a Halifax debit and/or credit card and be registered for Online Banking. Once you’ve activated Cashback Extras, just activate each offer to earn cashback on your next purchase.

Halifax current accounts and services are offered subject to status. Available only to personal customers aged 18 or over.

Whether you can have an arranged overdraft and the amount will depend upon your personal circumstances at the time you apply for one. Any arranged overdraft we agree is repayable on demand.

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