The UK is one of the countries in the world where every year many foreigners come to this country to stay. Either for taking a new job role or starting a business, the UK is a suit country to develop their economy. That is why each year, many foreigners are struggling to find out how to open a bank account in UK. To help give this overview, this article will brief the explanation.
Read Also: How to Send Money Easily to United Kingdom
Selecting Suitable Bank in UK
Another issue whenever someone plans to open a bank account in the UK is to select a suitable bank. This country will have several banks to choose from. However, a new person in the country might not be knowing which bank is the most suitable one to select. Therefore, it is better to find some information that can support you in performing this selection. Such as the following lists which will help you to get the best banks in the UK.
• Get an overview of an international bank in the country that can accept foreigners as their customers. So that you wouldn’t be rejected and be able to process your new bank account immediately.
• Make sure to select a trusted bank with a wealthy financial condition. So that you wouldn’t risk your saving in this bank.
• Choose a bank that offers some services according to your needs. Such as a bank with an online banking service, or a bank that can accept saving accounts in USD.
The Benefit of Open a Bank Account in UK
Of course, to open a bank account in the UK will help you to get many benefits. Therefore, it is the first thing to do once you arrived in the country and are ready to have your new job or business here. If you open a bank account in the local bank of the UK, you can get the following advantages for sure.
• You will be able to withdraw money anywhere and anytime easier. Since the local bank will provide huge numbers of ATMs across the country.
• With a bank account, you can also able to perform payments offline and online. Usually, you will receive an ATM card that can also use as a debit card.
• The bank account will also allow you to make a money transfer to the same bank and to other banks too.
• Through a suitable bank account, you can also receive your monthly payroll from your company. Since the most local company only send the payroll through local banks. Therefore, any foreigner normally suggested to open a bank account in UK to cease this activity.
Documentation Required to Open a Bank Account in Poland
To open a bank account in Poland, there is certain documentation to provide at first. Usually, the foreigner will be requested to show their passport and VISA. Therefore, it is a mandatory document to provide while applying for a new bank account in the country.
Other documentation needed is the working permit and company letter mentioning the position and working contract duration. So that it will help to convince the bank that the person is eligible to open a bank account. After that, a document to prove the address and contact number shall also be prepared. Additionally, some bank requests tax number too.
See Video How To Easily Send Money Overseas
Open a Bank Account in UK Offline
The first option whenever you plan to open a bank account in UK is by coming to the bank office. Tell the bank officer about your purpose and fill out certain forms to comply with the application. Make sure to fill out the form with your valid data according to your documents. So that it can help the bank officer to validate the data easier.
If all the necessary data is provided, then the bank officer can process your new bank account, including your bank book and ATM card. After that, you only need to activate your bank account by making your first deposit. If this has been performed correctly, you will be able to use your bank account soon.
Open a Bank Account in UK Online
Alternatively, you can also select to open a bank account in UK through an online application. Some big banks in the UK provide this service. So that you don’t have to spare your time coming to the bank office, but you can easily get the bank webpage and follow the requirement.
However, applying online means that you have to wait for certain days until your data is validated. Once it is validated, then you will get a new bank account. Your bank book and ATM card will be sent to your valid address. All you have to do is receive these bank books and ATM, then follow the instruction to activate your new bank account. Once it is a success, you can directly use your new bank account for any important financial purposes.
Download Transfez App
Transfez App can help you transfer money abroad more quickly and efficiently. Transfez Business can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.
By having a slight overview of how to open a bank account in UK above, you will be able to make the application soon. So that you don’t need to experience problems with your daily financial activities. Whether you want to withdraw some cash or pay with your debit card, you can perform all of these activities without further issues.