Smile: Current Account

Account:Current Account
Product summary:Ethical bank offering access to UK based customers services team. 12 month fee free overdraft.
Moneywise verdict:The Moneywise Customer Service Awards show Smile is a big favourite among customers and it has a fantastic reputation for service. Its investment policy is another big draw for ethically-minded customers.
Account ratings
Account ratings
Online service - 4.5
Call centre service - 4.5
Branch service - 3.68
Trustworthiness - 4.5
Opening the account
Minimum Income £6,000
Minimum Age 18 years
Maximum Age -
Existing customers only -
Area restrictions No area restrictions .
Overdrafts and charges
Monthly Charge -
Overdraft facilities
Automatic overdraft facility £500
Interest Free Overdraft Limit £0
Authorised overdraft rate 18.9% APR/EAR
Authorised overdraft charge There is no authorised overdraft charge.
Unauthorised overdraft rate 18.9% APR/EAR
Overdraft related charges Paid item max fee - £60
Paid item max no - 0
Unpaid item max fee - £0
Stepped cheque charge - £5
Overseas charges (Europe only) Forex fee - 2.75%
Charge for £100 ATM withdrawal - £2
Charge for £100 debit card transaction - £0
Account charges ATM withdrawal - £0
Transactions - £0
Bankers draft - £10
Special clearance - £10
CHAPS - £25
Duplicate statement - £3
Interest rates and other incentives
Headline interest rate 0% AER
Rate tiers
Gross Rate Excluding BonusGross Rate Including BonusAER
Maximum balance for interest -
Minimum initial deposit £0
Minimum Monthly Credit £0
Interest paid Monthly
Incentives Annual travel insurance -
Breakdown insurance -
Discount vouchers -
Savings sweep -
Other Insurance - no
Other incentive - no
Service information
Free banking
Account access Telephone
Post office
Services available Standing order
Direct debit
Bill payment
Round-up savings
Text alerts
Text mini statements
ATM mini statements
Cards / cheques provided Debit card
ATM card
Cheque book
Maximum ATM withdrawal £250
Time for cheque to clear 4 days
Statement frequency monthly