Private Banking Current Account
As the cornerstone of your banking relationship with us, the private banking Current Account is designed to meet your day-to-day financial needs. This flexible account can help you manage your money, whether you’re an individual client, trustee or personal representative.
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:
Private Client Core Terms
Size: 2 MB Private Client Core TermsImportant Information
Size: 115 KB Important Information
All credit is subject to approval and affordability checks. Terms and conditions apply. Over 18s only. Security may be required. Product fees may apply.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
We participate in the Current Account Switch Service which simplifies the process of transferring your day to day banking to us.
Please see the below guide for further information on account switching.
Tailored money management support
- Sophisticated banking services. Our Current Account is purpose-built for more affluent clients
- Diverse client base. From entrepreneurs to landowners, our private banking services can deliver a variety of support
- Centuries of experience. Our passion for innovation means we always move with the times
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.
understanding our current account fees and charges
Want to learn more about the other fees and charges on our private banking Current Accounts? These helpful documents cover what you need to know in more detail:
Coutts Private Client Banking Tariff (opens in new tab)
Coutts Current Account Fee Information Document (opens in new tab)
Coutts Currency Account Fee Information Document (opens in new tab)
Your eligible cash deposits held with Coutts & Co are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Investment business undertaken with Coutts & Co in the UK may be covered by the FSCS, the cover depending on the nature of the claim being made. Eligible claims for most types of investment business are covered up to a maximum of £85,000 per person. FSCS cover is not available for loss of money resulting from performance of the investment.
Contact Us
Become a client
When you become a client of Coutts, you join a network of exceptional people. Get in touch online or call +44 (0)20 7957 2424 (Relay UK 18001 020 7957 2424) to find out more about our services.
Already a client?
Contact your private banker at any time or call +44 (0)20 7957 2424 (Relay UK 18001 020 7957 2424) for more information.
All calls with Coutts are recorded for training and monitoring purposes.
All calls with Coutts are recorded for training and monitoring purposes.
