Best Packaged Bank Accounts in the UK: Are They Worth It in 2025?

Packaged bank accounts—current accounts that charge a monthly fee in exchange for bundled perks—can offer great value if you use the benefits. From worldwide travel insurance to mobile phone cover and breakdown assistance, these accounts aim to give more than just a place to store your money.

But are they really worth it? And which ones offer the best value in 2025?

In this guide, we reveal the best packaged bank accounts in the UK, what they include, and whether they suit your lifestyle and finances.

What Is a Packaged Bank Account?

A packaged bank account is a paid-for current account that offers added perks such as:

• Worldwide travel insurance

• Breakdown cover (UK and Europe)

• Mobile phone insurance

• Cashback or reward schemes

• Interest on balances

Instead of paying for each service individually, the idea is you get everything for a monthly fee—usually between £10 and £25.

When Does a Packaged Account Make Sense?

It makes financial sense if:

• You already pay separately for travel insurance, phone cover, and breakdown

• You want peace of mind from bundled protection

• You regularly travel, drive, or rely on your mobile

• You’re likely to use at least two or more included benefits

It may not suit you if:

• You rarely travel or drive

• You already have separate cover elsewhere (e.g. through work or a premium credit card)

• You won’t use the benefits but still pay the monthly fee

Best Overall Packaged Account: Nationwide FlexPlus

Monthly Fee: £13

Why it stands out:
Widely considered the gold standard for value, Nationwide’s FlexPlus includes full UK and European breakdown cover, travel insurance (including family), and worldwide mobile phone insurance.

Included benefits:

• Worldwide travel insurance (up to age 69, family included)

• Mobile phone insurance (any phone, including family)

• UK & European breakdown cover (provided by Britannia Rescue)

• Commission-free overseas cash withdrawals

• Access to exclusive savings and loans

Ideal for: Frequent travellers, families, and those who want maximum protection for one low fee.

👉 Nationwide FlexPlus Account

Best for Travel: Barclays Travel Pack Add-on

Monthly Fee: £10 (as an add-on to any Barclays current account)

Why it stands out:
Rather than a full packaged account, Barclays allows you to add travel cover for a lower cost. It’s perfect for those who don’t need breakdown or phone insurance.

Included benefits:

• Worldwide travel insurance for you and your partner (up to age 80)

• RAC UK breakdown cover

• 24/7 emergency helplines

• Baggage and cancellation protection

Ideal for: Couples or individuals who mainly want travel protection without switching their entire account.

Best for Premium Extras: Lloyds Bank Platinum Account

Monthly Fee: £21

Why it stands out:
Lloyds offers strong insurance coverage and rewards, including a free magazine subscription, cinema tickets, or cashback from well-known brands.

Included benefits:

• Worldwide family travel insurance (up to age 79)

• Mobile phone insurance

• AA UK breakdown cover

• Discounted airport lounge access

• Lifestyle benefits: choose 6 cinema tickets or magazine/year

Ideal for: Those who want a mix of insurance and entertainment perks in one bundle.

Best for Family Cover: TSB Platinum Account

Monthly Fee: £21

Why it stands out:
TSB’s Platinum packaged account includes cover for the whole household, making it particularly useful for families with teenagers or partners.

Included benefits:

• Worldwide family travel insurance (up to age 79)

• Mobile phone insurance (all registered devices)

• RAC UK breakdown cover

• Identity theft monitoring

• Personalised alerts through the TSB mobile app

Ideal for: Families who want to protect everyone under one account with robust, simple cover.

Best Low-Cost Packaged Account: Santander Everyday Rewards

Monthly Fee: £5
(Note: this is more of a cashback account than an insurance bundle.)

Why it stands out:
While it doesn’t offer insurance perks, Santander Everyday Rewards gives cashback on essential spending, potentially offsetting the monthly cost.

Included benefits:

• Up to 15% cashback at partner retailers

• Up to £5 per month in cashback on bills

• Access to Santander Boosts

• No travel insurance or breakdown cover

Ideal for: Budget-conscious customers who want financial perks over traditional insurance benefits.

Quick Comparison Table: Best UK Packaged Bank Accounts (2025)

Are Packaged Bank Accounts Safe and Regulated?

Yes. All banks offering packaged accounts are regulated by the Financial Conduct Authority (FCA). However, in the past, some accounts were mis-sold—with customers being charged for benefits they didn’t qualify for (e.g. over-age limits on insurance).

To avoid issues:

• Always read the policy terms, especially for age limits and exclusions

• Ensure you meet the eligibility (e.g. no pre-existing medical conditions)

• Keep your phone or vehicle registered for insurance to apply

• Cancel if you stop using the benefits—don’t pay for what you don’t need

If you believe you were mis-sold a packaged account, you can complain to the bank. If unresolved, contact the Financial Ombudsman.

Can You Cancel a Packaged Account?

Yes. You can:

• Cancel anytime and switch to a free account

• Request a refund of the monthly fee (if mis-sold or unused)

• Switch banks using the Current Account Switch Service (CASS)

Always make sure your direct debits, salary payments, and linked subscriptions are moved correctly.

Can Your Bank Help With Disputes on Packaged Account Benefits?

Yes. If you make a claim and the insurer refuses unfairly (e.g. on phone insurance or travel cover), you can escalate:

1. File a formal complaint with the bank or insurer

2. Request a written response within 8 weeks

3. If unresolved, contact the Financial Ombudsman Service

Also, if your monthly fee was charged despite benefits not being activated or applicable, you may be eligible for a partial or full refund.

Final Thoughts: Is a Packaged Account Worth It?

A packaged bank account can offer serious value, but only if you actually use the benefits. Nationwide FlexPlus stands out for its all-around cover, while Lloyds and TSB deliver strong family-focused extras.

Before signing up:

• Calculate how much you’d spend separately on travel, phone, and breakdown cover

• Review what’s included and any exclusions

• Check if your mobile provider, credit card, or employer already offers similar benefits

If the bundled services align with your needs, you could save hundreds of pounds a year—all for less than the cost of a Netflix subscription.

Useful Resources

• Nationwide FlexPlus Account

• Barclays Travel Pack

• Financial Ombudsman Service – Packaged Account Complaints