Which type of bank account user am I?

Banks are constantly trying to confuse us with new charges, incentives and ‘terms & conditions’. In order to foil their subterfuge and make sure you get the bank account which is cheapest, or most rewarding, for you, it’s vital to work out what kind of customer you are.
Are you constantly in-credit, or always overdrawn? Or do you move between one and the other through the course of a month? Take a look at your last few statements to get the true picture of your banking; this’ll tell you which type of account to plump for.

Constantly in credit: If you never touch your overdraft, not even by a pound or two, you should grab the account which pays the most interest on your positive balance. Go to Best Accounts if you’re always in credit

Always overdrawn: If your balance rarely creeps into the black, you need an account which charges you as little for using your overdraft as possible. Go to Best Accounts if you’re always overdrawn

Mix ‘n’ Match: It’s common to flit between being in-credit and using your overdraft facility, especially as the month draws on and your salary ebbs away. If this is you, go to Best Accounts if you’re in-credit and overdrawn

Are you a student or recent graduate? If so, you can easily beat the terms of the best of the above three types of accounts by using the Best Student Account or Best Graduate Accounts

Never pay a fee for your bank account
If you have a ‘packaged account’ from Barclays and NatWest banks, amongst others, watch out: these are an absolute pile of pants. Let me guess, they called you or mailed you to say “you’ll get much better facilities if you upgrade your account”.

Now think about whether you’ve ever used those facilities? Most people haven’t. Now consider how much you pay; £9 a month doesn’t sound much but it’s over £100 a year! Not only that but you can get better rates elsewhere without paying a fee. Ditch them!