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With a current account, you may also be able to set up telephone, online and mobile banking to easily check your balance, see your transactions, transfer money, and apply for an arranged overdraft.
Current accounts are offered by:
They’re also sometimes offered by smaller companies that specialise in current accounts for those with poor credit histories.
You can usually open a current account via a bank’s website, over the phone or at a local branch. You’ll need proof of ID and address before your account is opened.
Commonly accepted documents are:
You may also need to give personal information and contact details, as well as other information such as your income and expenditure.
To open a student bank account, you may need to provide proof of the qualifying course being studied, such as an acceptance letter or UCAS code.
At Lloyds Bank, in most cases you will only need to produce one of the following:
If you are an existing customer, you can use your existing bank card with Chip & Pin to verify your identity.
If you cannot provide one of the items above, you will need to bring two documents. You can find a full list of acceptable documents on our proof of identity webpage.
Learn more about how to open a current account.
You must be a UK resident to open an account with most UK banks.
Switching current accounts is easy with the Current Account Switch Service (CASS). This service guarantees the switch is completed within seven days. Your old bank gets in touch with your new one and any Direct Debits and standing orders gets switched over, for free. Any payments made to you old account will also automatically be redirected to your new account.
There is usually no limit to the number of providers you can have a current account with. However, there may be a limit to the number of accounts you can have with a single provider, so it’s best to check any terms and conditions before you apply.
Just having a current account won’t have a major impact your credit score. You might find your credit score goes down if you open accounts often, but this should only be temporary.
The way you manage your money may influence your credit score. If you miss bill payments or use an unarranged overdraft, then your score could go down.
Learn more about what affects your credit score.