Best current accounts for cashback

Finding a current account that rewards your everyday spending habits can provide a welcome financial boost each month. Cashback current accounts offer a regular return by paying a percentage of your household bills, everyday spending or in some cases both, with the money being credited back into your account each month.

In this article, we detail the best current accounts for cashback currently available in the UK. We provide a clear breakdown of the incentives, minimum monthly funding requirements and any associated account fees for each account. Whether you are looking to earn cashback on your daily debit card purchases or on your regular direct debit payments, the information below will help you understand the options available and help you choose an account that suits your circumstances.

Best current accounts for cashback in the UK

Bank/Building Society	Incentive	Max Cashback	Min. Monthly	Monthly Fee
Biscuit by Zopa	4% cashback on up to £2,000 of Direct Debits per year^ Earn 2% AER (variable) interest on current account balance Unlock up to 7.10% AER with Zopa's Regular Saver pot Fee-free spending abroad	£6.66 per month	No minimum	£0
Santander Edge Up	1% cashback on selected household bills paid by direct debit 2.10% (AER) interest paid on current account balances up to £25,000	£15 per month	£1,500	£5
Santander Edge	1% cashback on selected household bills paid by direct debit Access to 6.00% AER interest on savings account balance up to £4,000 (includes 2.50% AER bonus rate for first 12 months)	£10 per month	£500	£3
Chase Bank	Get 2% cashback on eligible UK debit card spending (such as groceries, transport, fuel and dining - exceptions apply). ^^ Also, round-up your debit card spending to the nearest £ and earn 5% AER interest with a round-up account Cashback does not apply to round-ups or saver account deposits	£20 per month	No minimum	£0

^ For a limited time only, you can earn 4% cashback on direct debits - if you lock it in now, the rate is yours for the full year. ^^ Cashback can only be earned on GBP sterling payments made in the UK and the Channel Islands. Cashback exceptions apply.

Biscuit by Zopa

To get 4% cashback on bills with a Biscuit by Zopa account (on up to £2,000 of Direct Debits per year), you must:

• Be aged 18 or over
• Be a UK resident and only have tax residency in the UK
• Not be a United States Citizen
• Pass any checks required by law or regulation

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Santander Edge Up

To get up to 1% cashback on bills with a Santander Edge Up account (Max £15 cashback per month), you must:

• Pay £5 a month to maintain the account
• Pay in at least £1,500 a month
• Add 2 active direct debits to the account
• Pay bills via direct debit
• Be a permanent UK resident and be over the age of 18

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Santander Edge

To get up to 1% cashback on bills with a Santander Edge account (Max £10 cashback per month), you must:

• Pay £3 a month to maintain the account
• Pay in at least £500 a month
• Add 2 active direct debits to the account
• Pay bills via direct debit
• Be a permanent UK resident and be over the age of 18

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Chase Bank

To get 2% cashback on eligible UK debit card spending with a Chase current account, you must:

• Open a Chase current account via the Chase app
• Be a permanent UK resident aged 18+
• Hold both a Chase current and saver account
• Make 15+ payments per calendar month using your debit card and/or via Direct Debits
• Maintain a balance of £1,000+ across your Chase saver accounts (excluding round-up accounts) for every single day of the calendar month
• Maximum of £20 cashback a month
• Some cashback exceptions and category restrictions apply

Summary

Cashback current accounts provide a straightforward way to earn a return on your regular financial commitments. Different accounts cater to different habits, with some focusing on rewards for debit card spending, such as groceries and transport, and others offering cashback specifically on household bills paid via direct debit.

When comparing cashback current accounts, it is important to factor in any monthly account fees and minimum monthly funding requirements to ensure the financial benefits outweigh the costs. It is also helpful to note any monthly caps on the cashback you can earn.