Opening a UK bank account
As a student in the UK you will need to open a UK bank account. Where possible, you are advised to open a UK account from your home country before arriving here. If you have been unable to do this, you can approach banks when you arrive in the UK to commence your studies.
Types of accounts offered by UK banks
Some banks will charge a monthly subscription fee and as part of the contract they may require you to keep the account open for a certain period of time. Other banks may offer you a basic account free of charge.
To open an account, most banks will require your passport and proof of your address in the UK and back in your home country. You may use the Statement of Student Status that is issued to you when you enrol in person at UCL as proof of address.
Information for students coming to UCL in September 2013
|UCL does not endorse any bank, the information below is only to assist you with opening a UK bank account if you need one.|
The following banks have confirmed that they will offer accounts to international students coming to UCL in January 2014.
|The arrangements outlined here are made with the Barclays branch at 6-17 Tottenham Court Road, W1T 1BE and may not be applicable if you visit any other of the bank’s branches.|
You will be offered a regular current account which includes a debit card but no overdraft facility. There will be no monthly subscription fee and you can opt in/out of receiving paper bank statements.
Requirements for opening an account with Barclays
You will be required to provide a passport/national identity card and proof of address in the UK in order to open a bank account. You can use the Statement of Student Status which UCL gives you at enrolment as proof of address. Therefore, it is important to ensure that you have updated your Portico account with the address where you will be staying in the UK prior to enrolment.
The arrangements outlined here are made with the following Santander Universities branches:
(i) Santander on UCL campus, South Junction, Wilkins Building (map reference: C4)
You will be offered an International Student Current Account which comes with a £5 monthly subscription fee and offers free transfers from abroad.
Requirements for opening an account with Santander
You will be required to provide a passport, a valid UK visa (if applicable) and your UCL student identity card, no proof of address will be needed.
Visiting Santander at one of their branch
If you would like to open an account with Santander, you will need to visit them in one of their bank branches. The opening hours are as follows:
Santander on UCL campus: Monday to Friday – 10.00-18.00 and Wednesday – 10.00-17.00.
Santander at 164-167 Tottenham Court Road: Monday to Friday – 9.00-17.00.
Tips / General Advice
- Processing times: It may take up to two weeks to open a bank account in the UK. You are advised to arrange alternative ways of accessing money for this period. (ie. Travelex Cash Passport /Travellers Cheques)
- Students with Visas: If you have a student visa and are likely to need to extend your stay in the UK, it is recommended that you do NOT opt for an online bank account or electronic bank statements. The UK Border Agency will only accept original paper statements. Please ensure that you keep your bank statements in a safe place for this purpose.
- Shariah compliant banking: Many banks offer Shariah compliant financial services. You will need to check individual bank websites for further information.
Page last modified on 19 dec 13 14:28