What alternatives are there to banks?
If you do not wish to use a traditional brick-and-mortar bank while you're in the UK, you may wish to consider a banking service that allows you to have a pre-paid debit card – although they can come with a monthly charge.
- You can open the account in minutes before you arrive in the UK
- You will be issued with a contactless debit card within five days of your arrival in the UK and it will be posted to you
- The account is a simple current account that allows you to deposit money, use ATMs and make purchases with the debit card that you are issued
How do I open a UK bank account?
Remember, the exact documents required may vary from bank to bank so look on their website or read anything you have been sent before you visit the branch to open the account.
However, normally you will need the following paperwork and its worth taking duplicate copies.
- Your passport
- Your student visa
- Proof of address. A letter from your university’s admissions office confirming your address, or your tenancy agreement are the best things to take
- A letter from your university/college/school called 'Letter of Introduction for UK Banking Facilities' to show your UK study details
Do any UK banks observe Sharia law?
Many banks in the UK have recognised that some of their Muslim customers want to bank according to Sharia principles. Check your preferred bank's website to find out if they offer this service.