Private Banking Current Account

What is a private current account?

A Current Account is a bank account that helps you to manage your income and regular spending. On the one hand, it’s a place where money can be paid or transferred to you. On the other, it allows you to pay for goods, services and bills as smoothly as possible.

A private Current Account is specifically designed for high-net-worth individuals, trustees or personal representatives.

What are the benefits of our Private current account?

The Coutts private banking Current Account puts you in charge of your money when you need it. The account is available to individuals, trustees and personal representatives in sterling. And it’s easy to access through Coutts Online and Coutts Mobile.

Our award-winning debit card* gives even more. As well as giving you secure access to your funds, we also donate 10p to the Coutts Charitable Foundation every time you complete a transaction.

For each transaction using your debit card, Coutts & Co. will donate 10p to the Coutts Charitable Foundation (registered with the Charity Commission for England and Wales, number 1150784), up to a maximum of £1,000,000 per year. See coutts.com/positivity for more information. 

Here are some of the benefits and features: 

• Innovative automatic sweep facility. This enables clients to manage balances between their private Current Account and linked Coutts savings accounts
• Overdraft facility available. This can either be unsecured or secured
• Accompanying Coutts debit card. Retailers across the world accept the Coutts debit card. It allows you to transact quickly and conveniently online, via ATMs, or over the phone or counter
• Easily pay people or organisations in the UK. Standing Orders, Direct Debits, Faster Payments, CHAPS and banker’s drafts can all be set up via our Current Account
• Pay people or organisations abroad. You can access SWIFT and SEPA euro Credit Transfers
• Available in all major currencies. Our award-winning debit card also has multi-currency capabilities, allowing you to spend like a local when abroad

*Winner of The Best Product Design - The Card and Payments Awards 2023.  

What can I do with a Coutts current account?

Our private Current Account is built to support your daily money management both at home and overseas. Its multi-currency debit card could break down potential barriers if your work or family life regularly takes you abroad. Meanwhile, the wide range of domestic and international payment options can stop you from missing important deadlines.

This account is ultimately about keeping your day-to-day finances ticking over and in the strongest possible shape.

Is the Coutts current account right for me?

Our Current Account was created for wealthy individuals with sophisticated banking needs. The following terms, conditions and important information can help you decide if it’s the right fit for your personal finances. It’s useful to take a look at them before starting an account application:

what account fees and charges could I pay?

Your account fees and charges will depend on the type of banking relationship you have with Coutts. 

Tariff for a sole relationship

You’ll be charged an annual tariff of £900 (or currency equivalent) for your sole Coutts Private Client banking relationship.

The tariff will be pro-rated and applied quarterly in arrears in March, June, September and December.

This tariff will be £1,200 if you are not resident and not domiciled in the UK.

We will waive your quarterly tariff in whole or in part based on the average value of combined assets and liabilities that you hold with us.

Tariff for a joint relationship

You will also be charged an annual tariff of £900 (or currency equivalent) for each joint relationship you hold with us.

This tariff will be pro-rated and applied quarterly in arrears in March, June, September and December. It will be £1,200 if you are not resident and not domiciled in the UK.

The joint relationship tariff will not be charged if all parties to the relationship also hold a sole relationship with us.

We will waive your quarterly tariff in whole or in part based on the average value of combined assets and liabilities that you hold with us.