When studying in the UK, you might want - or need - open a bank account in the UK when you arrive. For this, you may need a document like:
- Your passport
- Document stating that you are a student in school, college, or university
- Proof of your address in the country of origin and in the UK
- References and from bank accounts in the country of origin.
Before you travel, ask your bank in your country how to transfer your money to the UK, and whether the bank in your country has a special relationship with the UK banks.
Open a bank account and transfer the money takes time - perhaps up to two or three weeks. It is advised to bring a check to fund your trip this period.
Or, if you are planning to use a bank card from your home country, check with your home bank if your card is compatible with a bank machine in the UK, and whether there will be any charges.
For more suggestions, visit the website of the Bureau of International Student UK.
Managing your money
It's quite obvious, but remember that it is important to not spend the money in your bank account (you might be so excited and busy settling so you remember to keep your first few weeks!). Your bank will charge you if you spend more than your account, and the penalties can be high. If you think you need more money than you have in the account, talk with your bank to see if you can arrange an overdraft.
If you have financial difficulties in the United Kingdom, please visit the website UKCISA to some suggestions that bai, or contact their advice telephone line (the number listed on their website). In addition, talk with the student welfare office or the student union.
Access bank accounts and your money
- Face to face. Typically, banks in the UK open pk. 9: 00-16: 00 or 17:00 Monday to Friday, with some open on Saturday morning.
- Online and telephone. Most banks offer 24 hour online banking and phone, so you can make a payment, review the payment history, and manage your money when you want.
- Cash machines (ATMs) are widely available in the UK. You can use ATM machines to withdraw money at any time and check your balance. Mostly free. Some charge a small fee to withdraw money - this will be shown clearly on the screen.
- Many stores allow you to withdraw money from your account as well with 'cashback'. So if you buy something worth £ 6.50, you can get £ 10 cashback, and they will charge £ 16.50 for your purchase.