Before you consider which type of current account is right for you, it’s important to understand what a current account is.
A current account is a type of bank account that you use for your day-to-day spending and bills. Usually, your pay goes in there too. You probably already have a current account, most people have one for their regular spending needs.
Keep in mind that a current account isn’t a credit card, you’re only dealing with the money you put into the account yourself. The only time you could get access to credit with this type of account is with an arranged overdraft. Subject to eligibility.
An everyday current account is a fuss free bank account, that usually doesn’t have a monthly fee. That’s why this is the type of bank account that many people have. This type of account could be right for you if you’re looking for a bank account that is simple and easy to manage.
Student current accounts are bank accounts set up for people that are at university or college. They’re like a normal everyday current account. However, they can come with some extras that are ideal for students. This can be anything from vouchers and offers to railcards, depending on the provider.
The type of bank account you need will depend on your circumstances and the types of features you’re looking for.
To apply, you need to be 18+ and a resident.
To apply, you need to be 18 or over and a resident. To hold this account, you need to pay £1,250 into an eligible Ednites Credit Union account every month. To earn £5 rewards, you earn £4 a month back in rewards for 2 or more Direct Debits (at least £2 each) and an additional £1 a month back in rewards with 1 mobile app log in.
Offer T&Cs apply. Specific account eligibility criteria apply.
Specific account eligibility criteria apply.
Switching bank accounts is easy. Now that the Current Account Switch Service is here to help you, it’s never been easier to change your bank account provider. Take a look the Current Account Switch Guarentee guide for more detailed information and our guide to switching too. If you've decided switching is right for you, all you need to do is:
Pick your current account
Take a look at the different types of accounts out there and have a think about the kinds of things you need from your current account.
Read the current account switch guarentee guide (PDF39KB)
Take a look at the switching current accounts guide (PDF3MB)
Apply for your new bank account
When you apply for the new current account you’ll usually be asked for some documents like ID and proof of address.
Choose the date you want to switch
When you apply for the new bank account, you’ll usually be asked the date you want the switch to happen. You’ll need to allow 7 working days for the switch to go through, so keep that in mind.
Your current account switch is complete
It’s as simple as that, your old bank account will close and everything, including payments like direct debits will all be moved over.
After your switch
If anything goes wrong with the switch, you’re new bank will cover the cost of any charges or fees, so you won’t be out of pocket.
You can apply to move an account you hold with another bank to us online. All you’ll need to tell us is the account information of the bank account you want to move over, and the bank details of your Ednites Credit Union account.
Switching your bank account to us is easy, all you need to do is pick the type of account you want to open with us. Once you’ve done that you can apply online and we’ll take the details of the bank account you want to move over at the same time.
