You may want to open a UK bank account if you are in the UK studying on a long-term English course. Having a UK account will save you from paying overseas charges when you use your debit or credit card or withdraw money during your stay.
If you want to open a bank account in the UK, you will need to get a student letter from Helen in Reception. You will need to tell her:
★ Your address in your country
★ Your address in the UK
Useful Language: Money & Bank Accounts
In the UK the currency (type of money used) is the pound. You can check the exchange rate with your country’s currency here: www.xe.com
There are notes: £50, £20 and £10 and coins: £2, £1, 50p, 20p, 10p, 2p and 1p
It is a good idea not to carry too much cash with you at any time.
We don’t often use £50 notes. It is better to use smaller denominations (amounts) to pay for things.
When you open a bank account you can withdraw (take out) money from a cashpoint or pay for things with your credit or debit card.
Don’t forget your PIN (Personal Identification Number: a secret number you need when you use your card).
A debit card takes money from your bank account, so you must have money in your account to use it.
When you use a credit card, you can pay the money at a later time.
You can check your balance (how much money is in your account) online or at a cashpoint.
You can get a monthly statement from your bank. This is a list of all the money going in and out of your bank account each month.
If you need more help, speak to Kate or Helen and we will be happy to assist.
For more advice about living in the UK, click here.