Alternatively, you might want a savings account to work towards a financial goal, or perhaps you want an ISA to take advantage of additional tax-free saving benefits. There are many different types of bank account that are suited to different customer needs. Opening a high street bank account can be a simple process — you generally have to apply for the account first, giving a few details such as:. Depending on the bank you choose and the type of account you want to open, the bank may run a credit check to examine your financial history. You will probably need to activate your card online or by phone before you can use it.

Switching bank accounts can be a good way to find more favourable interest rates and better or more useful account perks, such as insurance coverage or overdraft limits. Thanks to the Current Account Switch Service, the process to switch is simple and easy — and guaranteed to take place within seven working days. This means that swapping to another bank for any of the above could take over a week to get you up and running. You can do this by comparing account by details like their interest rates, limits on overdrafts or withdrawals, any special features, and even whether you have to regularly pay in a certain amount to keep these features.

See what you can earn when you open a new account

All you have to do is wait the seven working days and everything is taken care of for you: your old account will be closed, your existing direct debits will be transferred over and any balance — or debt — will follow. All account holders will be able to make and see transactions, have a bank card, and pay money in. Some banks also only let children open the current account themselves at 16, with parents having to open them for younger children. With the changing landscape of banking, many people are swapping traditional banks for digital-only banking.

These companies offer a different service that is almost entirely app-based, and they focus heavily on user experience. Balances in the Simple Account earn 0.

Also open an Individual Protected Goals Account and transfer funds there to earn up to 2. Simple combines innovative technology to help its customers easily bank, budget, and save. Simple is accessible via web, iOS, and Android apps. Morgan retirement accounts and CDs. Then, maintain that balance for at least 90 days. Once you complete these qualifying activities, you should receive your bonus in your account within 10 business days.

This offer expires on November 19, To qualify for this bonus, open a new Chase Premier Plus Checking SM account and have a direct deposit electronic transfer for paychecks, pensions, or government benefits made to the account within 60 days.

You can either apply online using the link above or enter your email on the linked page to receive the coupon to take to your local Chase branch. Once you take these steps, you should receive the bonus in your account within 10 business days. All balances yield 0. Interest rates are variable and subject to change. To receive this bonus, you can either apply online using the link above or enter your email here and take the coupon to a local Chase branch.

Then, maintain that balance for 60 days and complete at least five qualifying transactions within the same period debit card purchases, checks paid, and qualifying deposits. This offer expires on October 17, Open a new Chase College Checking account , enroll in paperless statements, and then complete at least 10 qualifying transactions within 60 days of opening the account. This offer expires on October 18, This offer is made up of 3 components, which you can perform separately or as a combination.

Your account must remain open to receive the bonus. Note that qualifying direct deposits include salary, pension, Social Security, and other qualifying income. Direct deposits must be electronically deposited via ACH. Just open and fund the account in any amount, then use your debit card to make everyday purchases. For more details on other account types and offers from Discover Bank, check out our Discover Bank review.

This offer is available to new Citibank account holders only.

Citibank has another generous account opening offer for new customers, though it requires a hefty initial deposit. Huntington Bank has another great business bank account bonus. This one is a bit more attainable. Qualifying direct deposits include wage or salary, pension, Social Security, or other regular monthly income. You should receive your bonuses between 90 and days of either account opening or meeting the requirements.

Existing Elements Financial checking and Health Savings Account customers are not eligible for this promotion. This offer is advertised for Indiana state government employees in their families, but non-employees may qualify as well. You should receive the bonus in your account within 60 days of meeting this requirement. Minimum balance or qualifying activity requirements may apply to avoid fees on eligible checking accounts.

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