Other useful bank account types available
Depending on how you plan on using your bank account, there are some additional benefits to certain account types which could suit you.
Packaged Accounts
Packaged bank accountstypically involve paying a monthly maintaining the account fee in return for additional account perks and benefits. For example, these benefits could include breakdown cover, mobile phone insurance and travel insurance, all of which would be covered by the monthly account fee. It’s a great way to have your insurances grouped together and can often be seen as more cost effective.
Kids', Youth and Student Accounts
It’s also possible to open a bank account for your child, which is a great way to help them manage their money from a young age. Many kids' and youth bank accountscome with a debit card, allowing them to deposit and withdraw their money. A parent or guardian will need to accompany any child who is looking to open a bank account. Similarly,student bank accountsare available to anyone who is looking to enter higher education and would like to have greater control over their finances. Many student bank accounts come with associated perks, such as student discounts.
