Bank Accounts - Choose the One That Suits Your Lifestyle

Although they tend to be treated as a collective, UK bank accounts are certainly not all the same. The benefits available to account holders can vary considerably dependent upon their choice of financial institution and current account product.Some banks and building societies offer no-fee banking, others a raft of benefits such as travel insurance, roadside recovery and mobile phone insurance. In addition, other financial institutions charge their customers for maintaining an account without offering any incentives.There are many reasons for having a suitable bank account set up. Employers no longer wish to pay salaries in cash but rather transfer it straight to an employee's bank account via BACS (Bankers' Automated Clearing System).

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