Banking

There are two major kinds of accounts in the UK - 'current accounts' which are cheque accounts, and 'deposit accounts' which are savings accounts.

 In the UK, most people have their payroll cheques deposited directly into their current accounts, and have most of their monthly bills automatically taken out of their account by 'direct debit'. This is the most convenient and timely way of getting paid and paying bills.

To open an account before you arrive in the UK, you can apply over the internet to most banks.

In order to open a bank account you'll need to complete an account application form and supply the bank with some personal information. In some cases you will have to pay money in and at times the bank may want to check your credit history.

Opening a Bank Account

In order to open a bank account you'll usually be asked to:

• Supply documentation to prove your identity
• Have utility bills to prove where you live
• Meet at the bank or fill in an application form online
• In some cases pay some money into your account

For some accounts (e.g. for debit or visa cards), the bank may want to run a 'credit check'; in other words to get references from previous banks or lenders.