Bank station in London entrance and stairs


The UK has long been one of the major financial centres of Europe. Residents have a number of different banks to choose from, each offering various packages tailored towards different needs.

In the UK most current accounts and credit cards are free and is there no need to pay banking fees to open an account for salary payments from your employer.

Before you decide on a preferred bank, take into consideration which branches are convenient to your home and place of work, what their opening hours are, and who offers the best credit cards in the UK for your needs.

Current Account

Opening a current account is an easy process. The simplest way is to complete an application online, though many banks do allow you to open an account in person or over the phone if you prefer.

The application form will ask you a number of questions regarding your personal and financial circumstances, and usually takes about 10 minutes to complete.

Most Popular Current Accounts:

  • HSBC
  • RBS
  • TSB
  • Barclays
  • Santander
  • Nationwide

Credit Card

A credit cards allow you to spread the cost of your spending. When you use a credit card to make a purchase, you borrow money from the credit card provider on a flexible contract. That means that you can pay back any amount over the minimum payment each month without penalty.

It’s worth considering who offers the best credit cards in the UK for your needs when choosing a bank. However you should note that credit rating is considered important in the UK and using a credit card responsibly and always paying your bill on time will go some way to starting to build your all-important credit score.

The benefit of moving to the UK with Emigrate to the UK is we have several credit firms that we have partnered with. We will search the market for the best deal at the time of your application to get this in place, we are not just a service for you arriving here, but for the entire duration until permanent residency.

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