Best packaged bank account 2026
Last updated: 07.08.2026
We compared 6 packaged bank accounts available in the UK, scoring each on monthly fee, the real-world value of the travel insurance, breakdown cover and mobile phone insurance bundled in, and any extra perks such as cashback or GP access. Accounts are ranked from highest to lowest overall score, so the best-value packages appear at the top.
A packaged bank account charges a flat monthly fee, typically £11.50 to £18, in exchange for a bundle of insurance products you would otherwise buy separately. The math only works in your favour if you actually use at least two of the covers each year; buying standalone travel insurance and phone insurance can easily cost £150 to £300 a year on their own.
All accounts on this page hold deposits under the Financial Services Compensation Scheme (FSCS), which protects up to £120,000 per person per authorised institution, regulated by the Financial Conduct Authority (FCA).
Nationwide FlexPlus is the only account here with no maximum age on its travel insurance and no cap on trip length up to 31 days, and it throws in business and golf cover as standard, backing it up with strong customer satisfaction scores as a member-owned building society.
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All contents of this article:
Best packaged bank accounts compared (September 2026)
We compared 6 packaged bank accounts and these 6 accounts made it into our overview:
Swipe sideways to compare
| #1Top pick | #2 | #3 | #4 | #5 | #6 | |
| Provider | | | | | | |
| Account | Nationwide FlexPlus | The Co-operative Bank Co-operative Bank Everyday Extra | Santander Edge Explorer | Virgin Money Club M | Chase UK Chase Protect | Lloyds Bank Club Lloyds Silver |
| Offer | Go to account | Go to account | Go to account | Go to account | Go to account | Go to account |
| Review | – | – | – | – | – | – |
| Rating | 4.7 /5 ★★★★★ | 4.6 /5 ★★★★★ | 4.5 /5 ★★★★★ | 4.4 /5 ★★★★☆ | 4.3 /5 ★★★★☆ | 4.0 /5 ★★★★☆ |
| Monthly fee | £18/month | £12/month | £17/month | £14/month | £12.50/month | £11.50/month + £5/month Club Lloyds fee (refunded if £2,000+ paid in monthly) |
| Debit card | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Credit card | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Apple Pay | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash withdrawal abroad | Free (worldwide, as part of package) | Free (worldwide, as part of package) | No FX fees on card purchases abroad | Free (worldwide, as part of package) | Free (UK breakdown only, travel/mobile worldwide) | Roadside assistance UK/Channel Islands/Isle of Man only |
| Online account opening | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Deposit protection | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 |
| iOS app | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Branches | ✓ | ✓ | ✓ | ✓ | ✗ | ✓ |
The best by category
Nationwide FlexPlus is the only account here with no maximum age on its travel insurance and no cap on trip length up to 31 days, and it throws in business and golf cover as standard, backing it up with strong customer satisfaction scores as a member-owned building society.
Co-operative Bank Everyday Extra is the cheapest way to get all three core covers, travel, mobile and breakdown, in one account, with no excess to pay on travel insurance claims and RAC-backed breakdown cover including up to 3 days car hire.
Santander Edge Explorer pays 1% cashback up to £10 a month on card spending plus up to £10 a month on household bills, on top of the standard travel, breakdown and mobile cover, so regular spenders can offset a chunk of the monthly fee.
Virgin Money Club M is the only account here that insures gadgets generally rather than just mobile phones, and adds wedding and golf cover to its worldwide multi-trip travel insurance.
Chase Protect is the cheapest app-first option and lets existing Chase current account holders add a full insurance bundle, including cover for a partner and up to four children, entirely through the app they already use.
Nationwide FlexPlus Top pick
 | £18/month |
|---|---|
| Yes |
| No |
| Yes |
| Free (worldwide, as part of package) |
| Yes |
| 120,000 |
| Yes |
| Yes |
- Worldwide family travel insurance with no maximum age and no trip-length limit up to 31 days
- Includes winter sports, business and golf cover as standard
- Household mobile phone insurance and UK/European breakdown cover bundled in
- Member-owned building society with strong customer satisfaction scores
- £18 monthly fee only pays off if you actually use the insurance
- Requires opening or holding a Nationwide FlexAccount or FlexDirect first
- Some benefits need activation via the Nationwide app
The Co-operative Bank Co-operative Bank Everyday Extra
| £12/month |
|---|---|
| Yes |
| No |
| Yes |
| Free (worldwide, as part of package) |
| Yes |
| 120,000 |
| Yes |
| Yes |
- Cheapest full packaged account with all three core covers, travel, mobile and breakdown, included
- Worldwide family travel insurance up to age 79 with no excess to pay on claims
- RAC-backed UK and European breakdown cover with up to 3 days car hire during repairs
- Ethical banking policy with a published customer charter
- Smaller branch network than the big five high-street banks
- Winter sports and golf cover carry sub-limits worth checking
- Mobile cover excess of £75 per claim
Santander Edge Explorer
| £17/month |
|---|---|
| Yes |
| No |
| Yes |
| No FX fees on card purchases abroad |
| Yes |
| 120,000 |
| Yes |
| Yes |
- 1% cashback up to £10 a month on card spending plus up to £10 a month on household bills
- No foreign exchange fees on card purchases abroad
- Worldwide family travel insurance and UK/EU breakdown cover included
- Free 24/7 remote GP access for account holders
- Travel insurance has a lower maximum age, 74, than Nationwide uncapped policy
- Cashback categories and caps can change
- Newer product with less long-term review history than rivals
Virgin Money Club M
| £14/month |
|---|---|
| Yes |
| No |
| Yes |
| Free (worldwide, as part of package) |
| Yes |
| 120,000 |
| Yes |
| Yes |
- Worldwide family multi-trip travel insurance including winter sports, golf and wedding cover
- Gadget insurance, not just mobile, covering loss, theft and accidental damage
- 24-hour remote GP access and a concierge service
- UK and European breakdown cover via Green Flag
- Monthly fee rose to £14 in February 2026
- Travel insurance capped at age 75
- Fewer standalone banking perks such as interest or cashback than some rivals
Chase UK Chase Protect
| £12,50/month |
|---|---|
| Yes |
| No |
| Yes |
| Free (UK breakdown only, travel/mobile worldwide) |
| Yes |
| 120,000 |
| Yes |
| No |
- Cheapest of the app-first packaged options
- Worldwide travel insurance covers a partner plus up to four children on one policy
- Mobile insurance allows up to 4 approved claims per year
- Everything managed and claimed through the Chase app
- Only available as an add-on, you need a Chase current account first
- Breakdown cover is UK-only, not European
- Newest entrant with the shortest track record
How we rate
At BankingGeek we compare products independently on fees, real terms, safety and user experience. We update the data regularly. If you open an account through a link we may earn a commission, at no extra cost to you and without affecting our rating.
Frequently asked questions
What is a packaged bank account?
A packaged bank account is a current account that charges a flat monthly fee, usually between £11.50 and £18 in the UK, in exchange for a bundle of extras such as worldwide travel insurance, UK or European breakdown cover and mobile phone insurance, plus smaller perks like cashback or preferential rates.
Are packaged bank accounts worth it?
They are worth it if you would buy at least two of the bundled products separately anyway. Standalone annual travel insurance, phone insurance and breakdown cover can easily add up to £150 to £300 a year, so a £12 to £18 monthly fee that replaces all three is often cheaper. If you rarely travel and do not drive, a free current account will usually work out cheaper.
What is the cheapest packaged bank account in the UK?
Co-operative Bank Everyday Extra is the cheapest full packaged account compared here at £12 a month, followed by Chase Protect at £12.50 a month as an add-on for existing Chase customers. Club Lloyds Silver can work out cheaper at £11.50 a month if you pay in £2,000 or more each month, which refunds the extra £5 Club Lloyds fee.
Does a packaged account replace standalone travel insurance?
Usually yes for most trips. Check the policy document for your maximum age limit, the maximum trip length covered, and whether winter sports or golf are included as standard rather than as a paid extra, since these vary by provider.
Can I cancel a packaged bank account?
Yes. You can usually downgrade to a fee-free current account with the same bank, or switch banks entirely using the Current Account Switch Service, which moves your direct debits and standing orders automatically within 7 working days.
Are my savings protected in a packaged bank account?
Yes. All the accounts compared here are covered by the Financial Services Compensation Scheme (FSCS), which protects up to £120,000 per person, per authorised institution, regulated by the Financial Conduct Authority.
What happens if I never use the insurance benefits?
You are paying the monthly fee for nothing that year. It is worth reviewing your packaged account annually, if you have not made a claim or used the perks in 12 months, a free current account is likely the better fit.
Is Nationwide FlexPlus worth the £18 monthly fee?
It depends on your travel habits. FlexPlus has no maximum age on its travel insurance and no cap on trip length up to 31 days, which makes it good value for frequent or older travellers, but it is the most expensive account on this list, so infrequent travellers may get better value from a cheaper packaged account or a free current account.