I’m back from holiday now, but I’m still in the travel mood, so here’s a quick guide about free travel insurance with free bank accounts.

If you’re travelling abroad, you need travel insurance to cover you for medical expenses abroad, lost or delayed baggage, and trip cancellation, should you need to postpone your holiday due to illness. Hopefully none of these things will happen to you, but it’s always safer to be covered, particularly if the insurance is free!

Please ensure you read the policy documents – in particular the key facts boxes, in order to ensure that the insurance is right for you.

Free Worldwide Travel Insurance with Citibank Plus / Citigold

If you’ve got £1,800 to credit into your bank account each month (use your salary or a standing order), and have two direct debits paid out a month, the Citibank Plus account gives you free worldwide travel insurance, including winter sports cover. This covers your family (partner and children).

If you’ve got £5,000 to credit each month, then you can apply for a Citigold account, which gives you a concierge service and eight free SWIFT/CHAPS transfers a month to make payments abroad each month in addition to the travel insurance.

Free European Travel Insurance from Nationwide

If you aren’t travelling outside of Europe, Nationwide’s Flexaccount offers a lower monthly credit requirement: £750, and no need to transfer over direct debits. You do need to plan a bit in advance though, the money needs to be credited in for three consecutive months, and they’ll write you a letter when you’re eligible.