opening a uk bank account. why open a uk account advantages: its cheaper! advantages: its cheaper!...
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OPENING A UK BANK OPENING A UK BANK ACCOUNTACCOUNT
Why open a UK AccountWhy open a UK Account
Advantages: it’s cheaper! Advantages: it’s cheaper! If you get a job, your employer will want to If you get a job, your employer will want to
pay your money directly into a UK accountpay your money directly into a UK account You cannot set up direct debits (eg for a You cannot set up direct debits (eg for a
telephone contract) from an overseas telephone contract) from an overseas accountaccount
You will receive bank statements – useful You will receive bank statements – useful for visa renewals, CRB checks for visa renewals, CRB checks
What sort of account?What sort of account?
A Basic bank accountA Basic bank account allows you to pay allows you to pay money in and take money outmoney in and take money out
Usually provided with an ATM card to Usually provided with an ATM card to withdraw money at cash pointwithdraw money at cash point
No Credit or overdraft facilitiesNo Credit or overdraft facilities
Where to find ATMs/CashpointsWhere to find ATMs/Cashpoints
On shopping streets – usually outside On shopping streets – usually outside banks, post offices; outside supermarkets banks, post offices; outside supermarkets
Locally, in King’s College Hospital Locally, in King’s College Hospital
In smaller shops and stations – check if In smaller shops and stations – check if you will be charged; there will be a you will be charged; there will be a message on screen, before the transactionmessage on screen, before the transaction
How to open a bank account?How to open a bank account?
Proof of identityProof of identity Tenancy agreement if you are NOT living in Tenancy agreement if you are NOT living in
College accommodationCollege accommodation Utility bills showing your name – you will not Utility bills showing your name – you will not
have these if you have only just arrived in the have these if you have only just arrived in the UKUK
Formal letter from KCL confirming your student Formal letter from KCL confirming your student status; start and end dates of your course; status; start and end dates of your course; confirmation of both your overseas and UK confirmation of both your overseas and UK address. address.
Which to chooseWhich to choose
Do your own research – find a bank that Do your own research – find a bank that suits your needssuits your needs
A-Z of Financial Terms explains some of A-Z of Financial Terms explains some of the acronyms and terms used in British the acronyms and terms used in British Banking – available to take awayBanking – available to take away
Local banks in CamberwellLocal banks in Camberwell
HSBC, 23 Denmark Hill, London SE5 8RPHSBC, 23 Denmark Hill, London SE5 8RP Barclays, 1-3 Butterfly Walk, Camberwell, Barclays, 1-3 Butterfly Walk, Camberwell,
London SE5 8RWLondon SE5 8RW NatWest,70 Denmark Hill, London SE5 NatWest,70 Denmark Hill, London SE5
8TT8TT Lloyds TSB, 25 Camberwell Green, Lloyds TSB, 25 Camberwell Green,
London SE5 7ABLondon SE5 7AB Santander, 34 Denmark Hill, London SE5Santander, 34 Denmark Hill, London SE5
More informationMore information
KCL Student Information & Advice KCL Student Information & Advice www.kcl.ac.uk/advicewww.kcl.ac.uk/advice
Email Email [email protected]@kcl.ac.uk The Compass The Compass www.kcl.ac.uk/thecompasswww.kcl.ac.uk/thecompass The Financial Services Authority: The Financial Services Authority:
www.moneymadeclear.fsa.gov.ukwww.moneymadeclear.fsa.gov.uk IoP Student support adviser: IoP Student support adviser:
[email protected]@kcl.ac.uk