How to Open a Bank Account in England

To open a bank account in England, you’ll need to provide your bank of choice with appropriate information to verify your identity. Since September 11, 2001, many UK banks have developed contingencies that persons from foreign lands must meet before being permitted to open a bank account. If you’re familiar with UK banking procedures, you should have no problem establishing an account in England.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• Picture identification
• Proof of address
• Funds to open your account

1. Learn the lingo. Most UK banks offer the same services as American banks; however, the vocabulary may be worlds apart. For example, if you have a bank balance greater than zero, you are considered to be “in credit.” Here are a few more examples of basic English banking definitions:Current account: checking accountDeposit account: savings accountCash point card: ATM cardService card: ATM, debit and credit card in onePaying-in: making a depositPaying-in-slip: deposit slip

2. Determine the type of account you will need. A current account will allow you to write checks, withdraw money from ATM's, and use a debit or credit card for purchases. You may be charged a fee for this type of account in the UK and you should check with the bank to determine if the fees are reasonable enough to pursue the account. An Internet account offers a higher rate of interest and allows you to pay your bills and check your bank balance online. You will be given an ATM card to make withdraws or deposits and you can manage your bank account from anywhere in the world with Internet access. Branch-based deposit accounts only allow you to bank at the branch where you originated your bank account. You will need to handle your banking during regular branch hours and you may not have access to your money if you leave town. Postal or telephone accounts will require you to write or call your bank to receive funds from your account. If you think you may need access to your money quickly, avoid this type of bank account.

3. Gather the information you’ll need to establish a bank account. You’ll need a photo I.D., proof of your address, and the appropriate funds to meet the minimum deposit required by your bank. You can use a passport, student identification card, or valid driver’s license to prove your identity and copies of recent bank statements or utility bills to verify your address. You’ll need to contact the bank to determine how much money you’ll need to open a bank account before you apply.

4. Visit the bank. You’ll need to complete an application, talk with an account manager, submit to a credit check, and provide a signature sample before you can open an account. The account manager is there to help you if you have difficulty completing the application or if you have other questions concerning the types of accounts the bank offers.

5. Confirm that all information is correct before you sign anything. Check your bank account information to ensure your name and address are correct and be certain that you understand the bank’s policies about overdrafts, minimum balance requirements, and bank account service fees before signing the final paperwork.

Tips & Warnings

• It may take as much as 2 to 3 weeks before your English bank account becomes active.

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