⭐ Editor's Choice — Top Rated Pick
Chase UK Current Account
📍 Available in: UK
★★★★★ 4.9 / 5.0
Launched in the UK by J.P. Morgan, the Chase UK Current Account has won Best British Bank multiple years running. It pays 1% tax-free cashback on everyday debit card spending in the UK and abroad (up to £15/month when you pay in £1,500/month), 5.00% AER on spare-change round-ups, competitive instant-access saver rates, and charges 0% foreign exchange or ATM fees worldwide—all backed by £85,000 FSCS protection.
Key Facts at a Glance
| Cost / Fee Structure | £0 |
| APY / Rewards Yield | 1% Debit Cashback + 5.00% AER Round-Ups + ~3.75%–4.50% Saver |
| Minimum Deposit / Balance | £0 (£1,500/mo Pay-In for Ongoing 1% Cashback) |
| FDIC / SIPC / Regulatory Protection | Up to £85,000 FSCS Protection |
| ATM Network & Rebates | Fee-Free UK & Worldwide ATMs (Up to £1,500/mo Abroad) |
Pros & Cons
✓ Pros
- ✓Earns up to £180/year in tax-free debit card cashback with zero credit check required to open
- ✓Zero foreign exchange fees and free overseas cash withdrawals (including fee-free withdrawals at Chase ATMs in the US)
- ✓Instant sub-accounts with their own UK Sort Code and Account Number for bills and savings
✕ Cons
- ✕No ability to pay in physical cash or paper cheques at branches or Post Offices
- ✕After your first 12 months, you must deposit £1,500/month into the account to keep earning the 1% debit cashback
Key Features
1% Cashback on Everyday Debit Card Spending (Up to £15/mo = £180/yr)5.00% AER Interest on Automated Spare-Change Round-Up Account0% Foreign Transaction Fees & £0 Chase ATM Fees WorldwideNumberless Physical Debit Card for Enhanced Security + Instant Virtual AccountsFull £85,000 UK Financial Services Compensation Scheme (FSCS) Protection
Compare Chase UK Current Account Side-by-Side
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