These particular current accounts have overdrafts,  allowing you to deposit money in a bank and withdraw it when required. If you do go overdrawn however there may be a charge to your account. A current account is an account which is used for everyday banking.

This borrowing is not as simple as it sounds, as charges and costs are involved whenever the service is used. You can use online banking to manage your moeny and it can be deposited or withdrawn from an account in the bank or cash machine and you can also transfer money online. An account’s overdraft is a service which allows you to ‘borrow’ money when there is none in your account.

We have looked at all the banks and building societies and provided you with the top five current accounts with overdrafts relating to E.A.R.

It is essential to read the terms and conditions of the overdraft account before you agree to open it. Make sure you are happy with your decision as some banks will charge more than others for their overdrafts. When money is borrowed, the annual rate is quoted letting you know how much it will cost you if you stay overdrawn for a year. Therefore, an account with a lower interest rate will mean that the charges at the end of the year will be less.