Current accounts: competition aids consumer - in the short term

David Black, Principal Consultant of Banking for Defaqto.com says: "The current account market is very competitive at the moment and there are some good deals available as providers seek to attract new customers and retain existing ones. It has to be said however that we're facing an uncertain future as the row about unauthorised overdraft charges could herald significant changes for the customer."

"It has been apparent for some time that there is an eagerness on the part of the banks to market their paid for added value accounts and I expect their efforts on cross-selling these accounts to be amplified."