For a monthly fee, banks offer everyday banking with all kinds of enticing extras. We examine how the ‘freebies’ stack up

It might be a weekly free Greggs sausage roll, cinema tickets, insurance to replace your teenager’s smashed iPhone screen, or annual travel insurance. All of the main high street and digital banks, including Monzo and Revolut, now offer paid-for packaged current accounts where everyday banking comes with a set of enticing perks.

From December, one of the most popular, Nationwide’s FlexPlus current account, is going up from £13 to £18 a month.