The UK has long been one of the major financial centres of the world with residents having 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.
Before you decide on a preferred bank, take into consideration which branches are convenient to your home and place of work. Check the opening hours and who offers the best credit cards in the UK for your budget.
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 card allows 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 important in the UK and using a credit card responsibly and always paying your bill on time is crucial. This will go some way to starting to build your all-important credit score.
Latest Articles
Moving to UK – How to Immigrate to the UK
Moving to another country is a big decision but can be a huge opportunity to improve your life. The United Kingdom is a popular choice for skilled workers with over 1.2 million skilled people moving here in 2023, this is more than Canada and Australia. Most people immigrate to the UK for the British culture, […]
Top 13 Skilled Jobs needed in the UK for 2024
The United Kingdom like many countries around the world, is going all out to attract skilled workers to help fill vacancies in many industries. The UK is looking to fill jobs of the future such as computer science and artificial intelligence, these industries amongst others are expected to increase over the next five years. With […]
6 UK Cities Best in the World to Live 2024
London, Glasgow, Manchester, Liverpool, Birmingham and Leeds were voted 6 UK cities best in the world to live. They were named in the annual World’s Best Cities Report for 2024 by Resonance. London ranked the highest at number one, not only for the UK but the world. Scotland’s biggest city Glasgow came in at #61 […]
UK Visa Processing Times Applications
The United Kingdom offers multiple types of visa options including work visas, study visas and visitor visas. UK visa processing times will vary between visa types and this needs to be taken in to consideration when you begin your application. Planning your move such as gathering documentation, booking flights and finding accommodation are tasks that […]
UK Visa Fees Increase from October 2023
The United Kingdom government has raised fees for certain visas from October following an announcement in July this year. Work visas and student visas have both risen with the amount varying depending on your personal circumstances and length of stay. UK Prime Minister Rishi Sunak announce that UK visa fees are increasing to partially fund […]
UK Sponsorship Visas for Care Workers 2024
Care workers looking to move to the UK to live and work are currently in high demand. Out of all the UK sponsorship visas for care workers, the Health and Care Worker visa is the most popular pathway to live and work in the United Kingdom. You will need to have a valid visa and […]
What is the High Potential Individual Visa?
The High Potential Individual visa was created in 2022 to attract recently graduated international students to the UK. It allows international graduates from selected universities to come and live and work in the UK for two years. You must have graduated in the last five years. Students must have graduated from a selected international university […]
Study in the UK – Pathway to Immigration
Are you looking to study in the UK for a bachelors degree or maybe a masters or doctorate? The UK offers a world-class education which leads to great career opportunities and therefor sponsorship by employers looking to retain your expertise in the United Kingdom. A well-planned study strategy can lead to a long-term work visa […]