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What type of bank account can I open?
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Basic Bank Account |
Current Account |
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Won’t allow you to go overdrawn by more than £10 |
Usually has an overdraft facility (although check whether you pay interest on this) |
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Has a cash card which allows you to withdraw money from certain cash points (ATMs), the Post Office and bank branches. Some also have a debit card which you can use in shops where you see the sign (e.g. Solo or Electron) |
Has a cash card and debit card. The debit card (e.g. Switch, Visa) can be used in many places and to get cashback in some shops. It can also be used to withdraw cash at ATMs etc. |
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No credit card |
You can normally apply for a credit card |
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Normally does not have a cheque book |
Has a cheque book (your debit card is often used as a cheque guarantee card) |
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Allows direct debits (and some allow standing orders too) - useful for paying bills |
Allows standing orders and direct debits |
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Suitable for those who want to stay in credit or who cannot open a current account. Many students may start off with a basic account and then move up to a current account after a year when the bank trusts them. |
Suitable for most people. The most common type of account in the UK. Normally requires credit checks from the bank which is why it can be difficult for International students to open one straightaway. You can ask to get a current account - it may be easier if you have a 3 year student visa. |
In the UK, if your bank account is in credit (e.g. there is money in it), you don’t have to pay monthly charges. Some banks offer special accounts with £5 - £10 monthly charges but these are often not good for students. You don’t have to open an account with a monthly charge - ask for a Basic or Current account.
If you're an International Student it is best not to ask for a Student Account as these are only really suitable for Home students (banks normally ask for proof of UK Student Loans - which International students don’t have - to open a Student Account).
Some banks have recently introduced International Student Accounts - these are normally for degree students only. Some charge fees unless you keep a high bank balance (£2000+) at all times.
Savings accounts are good for storing large amounts of money as they give higher rates of interest – you can then transfer money from your savings to your basic or current account when you need it.
What do I need to open a bank account?
Proof of identity (e.g. a passport)
Proof of address (e.g. phone, electricity or gas bill; tenancy agreement; letter from college
with your UK address)
If you are new to the UK and can’t provide evidence of your address, you may have difficulty opening an account. Different banks (and even different branches of the same bank!) have different rules. You may have to go several times and be asked for different documents each time. It may be a good idea to take along bank statements from your bank account in your home country if you have one. Ask your International Office or course administrator for a letter giving both your home and UK addresses, confirming you are a student.
What do I do if I have problems with the bank or with opening an account?
Check if your university have an agreement with a local bank branch. | 
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