How To Open A UK Bank Account As An International Student
You can open a UK bank account as an international student by presenting specific documents, securing a letter from your university to confirm your place as an international student and by making an application at a UK bank (either physically or online).
As an international student, you’ll have a lot to think about - from settling into UK uni life to seeking out student storage for holiday periods like Christmas break and summer. Opening up a UK bank account will be your first step as it is your gateway to your life as an international student.
If you’re an international student thinking of moving to the UK, we offer flexible, affordable student storage - whether you’re storing between term times or over the holidays. Our cost-effective storage by-the-box solutions mean that you can keep costs low as an international student and benefit from maximum flexibility.
Do You Need A UK Bank Account As An International Student?
Yes, you’ll most likely need a UK bank account as an international student as it is a way to pay for things in the right currency, pay for expenses such as rent and bills and also allows you to receive a salary if you get a job.
With a UK bank account you can easily manage your finances and avoid any foreign transaction fees or losing money from the conversion. Also, if you are receiving any student loans or grants from the UK government, having a UK bank account makes this much quicker and easier.
What Documents Do You Need To Open A UK Bank Account As An International Student?
There are key documents needed to open a UK bank account as an international student including:
Proof of identity: You’ll need to show a valid passport.
Valid immigration status: Banks will typically require you to show your UK student visa or present your Biometric Residence Permit.
Evidence of student status: You’ll need to show a letter of enrollment or acceptance from your university and may need a specific letter for your bank from your university’s international student office confirming certain key information.
Proof of UK address: If you’re already living in the UK, you can show a proof of UK address in order to open your bank account. This can be the letter from your university or other documents with the address such as a utility bil or tenancy agreement.
How Can You Open A UK Bank Account As An International Student?
In order to open a UK bank account as an international student, you’ll need to apply for an account. This can be done online or in person at a local branch.
Many international students prefer to arrange an online application as it can be more convenient. Also, certain banks are online-only so all the services can be carried out from the comfort of your home.
If you decide to apply in-person, you can go to your local bank brunch and ask how the application process works.
Can I Open A UK Bank Account From Abroad As An International Student?
Yes, many banks allow you to open a UK bank account from abroad before coming to the country.
The majority of banks now offer online applications so you can see if you’re eligible by visiting the bank’s website directly. Some banks may not even need you to provide proof of location, meaning that you can apply to open a bank account without physically being in the UK.
Can I Open A Bank Account In The UK As An International Student If I'm Not A Citizen?
Yes, even if you are in the UK on a student visa you can open a bank account - whether you are a citizen or not. This is true both for traditional banks, such as HSBC, Barclays and Lloyd’s, as well as online-only banks like Monzo or Revolut.
Can You Get A UK Bank Account Without A UK Address If You’re An International Student?
It’s sometimes possible to get a UK bank account as an international student without a UK address. Some UK banks have specific options for international or expat accounts designed for non-residents and without the need for a UK address.
This is great for international students who like to plan ahead! If you’re researching a move to the UK as an international student and figuring out costs, remember to factor in things like student storage and seek out the most affordable option.
Is It Difficult To Open A UK Bank Account As An International Student?
No, it’s usually not difficult to open a UK bank account as an international student but it can sometimes be time-consuming and there are certain rules for international students.
You’ll need to be well-prepared and have all your relevant documents ready to go including your passport, proof of student status and a proof of UK address (in some cases). It is also a good idea to do your research about what bank account may be best for you.
Online-only accounts can provide a good deal of flexibility for international students or you may be interested in international accounts or specific student bank accounts.
Managing Finances As An International Student Moving To The UK
When you’re trying to manage your finances as an international student in the UK, there can be a lot to think about. If you’re trying to get ahead with the planning, it’s always worth shopping around for different UK bank accounts to suit your needs.
While you’re planning, why not start thinking about the most affordable student storage?
At The Box Co., we offer flexible, affordable student storage for international students in the UK so that you can schedule storage for university holidays and only ever pay for what you store.
With storage by-the-box solutions starting at just £3.56 per month, we help you keep your costs low and manage your finances effectively while in the UK! Contact us today to see how we can help.
