Smile Current Account



Review:
Smile sell themselves as being different because they believe that their approach to their customers is one of being totally open about all charges, nothing hidden, no restrictions, they are modern in outlook and ethical at its heart. Smile carry out their business in an ecologically sustainable fashion and have an online report you can download from their website detailing just how they achieve this. Smile claim their approach is different because unlike most banks driven by profits they are not quoted on the Stock Exchange and are part of the Co-operative Movement. The smile team is based in Stockport, near Manchester.
Smile current accounts have twice been voted "best online current account" by Guardian and Money Observer readers. And Moneywise have just voted Smile current accounts as "the best current account in Britain.

Once accepted for your Smile current account you will also receive a smile Visa debit card which you can use to withdraw up to £250 a day free of charge from over 32,000 LINK cash machines in the UK. It is also a £100 cheque guarantee card. If you need to swap your details, direct debits, standing orders etc. over from an old current account to  your new Smile current account then Smile will handle all that for you.
Smile will swap all your direct debits and standing orders for you and provide the letters you need to switch any payments you receive to smile. This process usually takes around 14 days. You can pay money into your Smile account electronically from bank to bank, by cash at any UK post office or Co-op Bank branch free of charge or can also pay money into some other bank's branches (although they may charge you for this). Cheques can be sent directly to Smile or paid in at any UK post office or Co-operative Bank branch. You can apply for a joint account as easily as applying for a single account.
SMILE CURRENT ACCOUNT
This account type Current Account.
online internet account management yes, 24/7
manage your direct debits and standing orders online.
Pay bills online.
Make bank to bank transfers.
Online statements.
Interest Rate:
paid monthly		 0.12% AER
Overdraft £500 free no fee overdraft.
15.9% EAR interest

You can request a higher overdraft facility and if granted the interest rate will still be 11.9% EAR.
25% EAR on amounts over over draught limit. For going over your overdraft limit you will also incur a £15 management fee every month and a service fee of £5.00 a day.
Smile Current Account: Other Facts
  • The Smile Current Account is available to UK residents.

  • Overdraft Protection Insurance option: 50p a month per £100 of your overdraft limit, you can cover 10% of your overdraft limit, equivalent to your overdraft interest payments if you're ill, injured or lose your job - and for your dependent's sake, Smile will clear the debt if you die, up to your overdraft limit (subject to a maximum of £5,000.)
    		•
    Website: >>>Click Here
    Fee's

    All smile online banking services are free.

    Charges are only made for the following services:
    stop payments (e.g. stopping a cheque) £10:
    copy of a sales voucher
    (e.g. a copy of your debit/credit card slips) £10:
    banker's cheque
    (also known as a Banker's draft) £10:
    copy of a cheque £10:
    'bounced' cheques, direct debits, standing orders or where you use a cheque guarantee facility or Visa debit card to create or increase an existing overdraft (due to lack of funds) £20:
    copy of a statement
    (if original statement is less than a year old and available online) £2.50
    (or print it off yourself free):
    copy of a statement
    (if original statement is more than a year old and no longer available online) £10:
    overseas transactions charge
    (this applies when buying currency or when you use your debit/credit card abroad) purchases - 2.75%APR Foreign transaction fee:
    cash withdrawals - £2 Sterling or 2% (whichever the greater) cash advance fee and 2.75%APR Foreign transaction fee:
    incoming foreign transfers transfers over £100 will be charged £6:
    withdrawals from VISA ATM machines,
    which do not display the LINK symbol 2% or £2 (whichever is the greater)



    Important: The Smile UK current accounts featured on this site are intended for use only by consumers who are resident in the United Kingdom.

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