E-account
Free
Current acounts
Take control of your finances with a credit union current account
London Mutual Credit Union current accounts enable you to stay on top of your money day-to-day with an easy-to-use app and straightforward features.
Current Account Features
Handy features to manage your account
The mobile app and online banking tools come with all the features you’d expect to help you keep track of your money on the go.
Faster payments
Send money between accounts or to someone else in 15 minutes or less.*
PIN management
Securely view your PIN at any time from inside the mobile app.
Direct Debits
Streamline bills and save money by paying via Direct Debit.
Contactless Visa® Debit card
All paid accounts come with a card for cash withdrawals, online and in-store purchases.
Spending notifications
Get updates via the mobile app each time you spend.**
Temporarily freeze your card
Temporarily misplaced your card? Don’t stress. You can temporarily block it via the app.
* Faster Payments are subject to automated fraud checks, and may occasionally be subject to up to 24 hours’ delay
** Spending notifications rely on registering for online banking, installing the mobile app on a compatible device and enabling push notifications.
Current Account Options
Choose an account that works for you
Clear, upfront fees, so you only pay what you need
Fees correct January 2025
This Visa card is issued by Enfuce UK Ltd pursuant to licence by VISA Europe Limited. Enfuce UK Ltd is an Electronic Money Institution authorised by the Financial Conduct Authority (Firm Reference Number: 993783), and is a company registered in England and Wales (Company No. 13978639) Enfuce UK Ltd Privacy Notice
Good to know
Got questions? We've answered some common ones to help you get started. If you need more information, our Help Centre is just a click away.
Protecting your money
Your eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
Who can open a current account with London Mutual?
Our current accounts are available to members of the credit union who meet our membership criteria. Applicants must also be UK residents and over 18.
If you’re not already a member, apply for membership first, and you can add a current account to your membership at the same time as you apply.
What documents do I need to open an account?
We’ll usually ask for proof of ID and address, as well as of your current employment or benefits.
If you’re struggling to provide these, we can often accept alternative documents—please contact us to discuss before you apply.
Do I have to have my salary or benefits paid in?
To be eligible for a current account with us, you need to have a regular income (such as your salary or benefits) paid into it.
To keep your account open, we ask that you agree to pay at least £80.00 a month into it.
Do accounts come with a Debit card?
All our paid-for accounts (which excludes the e-account) come with a contactless Visa Debit card.
Your card can be used to make purchases or withdrawals online or in store, anywhere in the world that Visa Debit is accepted.
Is my money protected?
Yes. Eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).
Are there charges for using my account?
All our accounts that come with a debit card come with a monthly fee.
The number of monthly ATM cash withdrawals and balance enquiries included depends on the account type.
Using your debit card to make purchases, and checking your balance via the mobile app or online banking is always free.
How can I check my balance?
You can check your current account balance at any time using the mobile app and online banking. These tools are included in your account and free for all members to use.
If you use a cash machine (ATM) to check your balance, there may be a fee depending on your account type.
Can I upgrade or downgrade my account later?
Yes. If your needs change, you can switch between our account options—just get in touch.
Get started with an account
Applying for a current account with us takes around 10minutes via our secure online application process.
Apply for a current account