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Bank accounts

The process of opening a bank account varies depending on which Bank/Building Society that you choose and the type of account you want. Internal/external transfer

Types of Account:

Basic Bank Account

  • Allows you to receive money and pay bills
  • Allows you a cash card for taking money out of a cash machine
  • Allows you to set up direct debits but may not allow standing orders
  • Does not allow you a cheque book or credit card
  • Does not give an overdraft or any credit facilities.

Current Account

  • Give you a cash card, debit card or credit card and a cheque book
  • Allows you an overdraft facility.

In most instances you will require proof of the following to open a bank account (the bank that you select will confirm what is required though:

  • Proof of identity
  • Proof of UK address
  • Proof of income.

Visit the Money Advice Service website for information to help you decide how to choose, open and run a bank account https://www.moneyadviceservice.org.uk/en

We have an onsite bank Santander which is located in Founder's Building, Rooms East 045/047. At the bank you will be able to use the following services:

•    Internal/external transfer
•    Set up bill payments/ standing orders/ direct debits
•    International payments
•    Apply for current accounts, savings, credit cards, home insurance, mortgages, and loans
•    Check/ print balances
•    Statements for VISA purposes
•    Review existing accounts
•    Update customer details
•    General queries
•    Print customer statements
•    Cheque deposit.

We also have onsite an ATM that is located outside of the Winsdor Building.

 

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