🇬🇧 How To Open Bank Account In UK | Guide For International Students | Is There Any Best Bank?

[@Dream_UK]

Save the date and time -> QnA Live Stream on 3rd October at 9:30 PM IST. See you all tomorrow! 00:00 Introduction 00:11 Live stream to answer your questions 01:49 Type of banks in the UK 02:54 How to open a bank account in the UK 03:28 Documents required to open a bank account 04:08 Type of bank accounts 04:55 Student account vs general account 05:38 Bank charges 07:45 What’s the best bank in the UK 08:14 When will you get your debit card 08:26 Pro tip - Save yourself from this fraud

[@shvnjain]

I am moving to UK next month and I have got a current account opened in ICICI Bank UK app while I am in India with only a selfie and a passport within 5-10 min. I have got my account number to share with my employer to receive my settlement allowance.

[@500BHP]

Your eligible* deposits are covered for upto 85000 pounds. Means if bank goes down, you will get 85000 pounds only if your bank balance was over 85000. This also means that if you have 100000 pounds in lloyds and 100000 in Halifax and lloyds goes down, you will only get back 85000(lloyds owns Halifax) so if u had 100000 in lloyds and 100000 in barclays and both banks go down, you will still get 85000 x 2 (barclays and lloyds are separate banks). This is what eligible deposits are. Deposits in lloyds, Halifax, RBS is considered as one.

[@monalisabose8935]

@Ankush Sharma , I have a query reg Healthcare in UK. I'm coming in Jan with kid and spouse. We have an existing health insurance in India. I'm unable to decide whether to continue giving premium for that policy as we anyway need to pay for IHS charge. I know dental and eye treatment are not free in UK but it'd be great if you can let me know what all treatment are included in IHS charge. God forbid if anything serious happens ( eg operation, prolonged treatment etc) , will it be free for us or it'll be charged? Thanks in advance.

[@500BHP]

@@monalisabose8935 all other treatments except dental/eyes are free in the UK. All major operations are also free including hospital stays. They are covered because of the IHS you've paid. Due to current covid situation, treatment through NHS is taking a lot of time. There is a huge pressure on the NHS. Hospital appointments are taking a lot of time. Private insurance is also available in the UK. This helps too cut down the wait time. Some hospital appointments can take 6 months because of the pressure on the health system. Going private, you can get it done in a day or 2. Check the prices in the UK, consider having a private one too. Yes, treatment is free in the UK no doubt but under current circumstances, treatments are being delayed. A simple MRI is taking 4 months. I've received my MRI appointment after 4 months (now I don't need MRI) because I've taken treatment privately and healed. If you go for private treatment and don't have insurance then it is very expensive.

[@monalisabose8935]

@@500BHP Many thanks for your prompt and detailed response. Really appreciate 🙏

[@500BHP]

@@monalisabose8935 you're welcome

[@usmansyed3418]

You are a wonderful human being brother. Wish you all the best with your studies in the UK and thank you for all this information

[@Dream_UK]

Thanks Usman 🙂

[@happiness1798]

Yes! Indeed , He is a genuine person, though I have never met him!

[@anugauravanu]

Hey Ritwik, Nice information. FYI, Me & Manya reached Manchester safe & sound n now doing self isolation. She is in her Uni Hostel & I m in BnB. At the airtport both in India n UK every thing was quite smooth n easy n not at all time consuming. Frm Airport v took taxies to our destination n all went well. Needless to say, Ur all the videos r helping me alot to plan ahead n this Bank wala video is right at the time as next week v gona open Bank Aacount. But still v could nt able to figure out wth which Bank she should go. HSBC, Barcleys, Lloyd or Stanender !! V r trying to figure out. Any suggession frm ur side frm these 4 !!

[@Dream_UK]

Thanks Gaurav! Happy to know everything worked out well for you. I'd give you one advice - Ask Manya to speak with her seniors (preferably Indians) in UOM and ask them about the bank they are currently using and how was their experience with it. She'll get genuine feedback and would make it easier for you to decide.

[@500BHP]

Barclays - very good banking app. Dozens of features. Avoids trips to bank for small issues. Can freeze your card using app if card is lost. If found,unfreeze it. No need to call the bank or report it. It has many features. Lloyds (used to be lloyds tsb bank) - is a big bank and has branches in small villages too. App is very good. Same as Halifax, bank of Scotland. Lloyds is UK's biggest land lord. App is one step behind barclays HSBC - foreign bank in the UK. App is very poor. Even business app is crap with very limited features. Doesn't have too many branches in small towns. One has to travel far to do some tasks like depositing cheque over 1000, you have to visit the branch. Santander - going to close 111 branches in the UK. Was announced in March. There are banks and then building societies. People also open accounts in building societies.

[@anugauravanu]

@@500BHP Thank you so much Ankush as always. Its a big help as we are really confuse and if you will not tell most probably we will getting the account open in HSBC but after your information we opted Barclays as of now. Though Lloyds is also very nice but to start with I told Manya to go with Barclays. Do you know if there is any option in it as Student account, STD saving account or something like that. Though we can enquire in the bank as well but just in case you know. Which account is better in account if they have few option to opt from.

[@500BHP]

@@anugauravanu you're welcome. What you need right now is a current account with a debit card. Pick the one which is free with a debit card with a good limit of withdrawal from the cash point. Once opened, savings can be opened at any time. Can be opened from home. Talk to bank about what is Known as cash ISA. there are some ISA accounts where you put in fixed amount of money every year and then government pays a good interest on it. We used to have an isa with 25% interest. These are helpful when buying house as you get some contribution from the government. Right now, simply get a current account with a debit card. Savings account can be done later and money can be transferred from saving to current using the app as you can't withdraw from savings at ATM 🏧 Like india. Here money goes out of the current account at atm 🏧

[@anugauravanu]

@@500BHP I explored a bit on Barclays site and it seems current account is not possible (as of now) for international students as they need address for 3 years etc. For students there is a student account which needs to be open from Barclays app, which I will illustrate to Manya. But I could not able to understand this, if you can please help me to understand: If you’re a UK student, you don’t need to pay interest on arranged overdrafts up to £1,500. Our maximum interest-free arranged student overdraft limits are From account opening and during your first term: up to £500. Year 1: up to £1,000. Year 2 and beyond: up to £1,500. No interest is payable on arranged overdrafts. The maximum arranged overdraft amount could be different than the amounts shown above (subject to application, financial circumstances, borrowing history and lending criteria). Arranged overdrafts are repayable on demand. Interest charges are variable......... along with it, I need to know if its zero balance account or we need to keep some (500-1000-1500 pounds) money in it ?

[@jemapelle_gargi]

This is all I asked in your last video. Thanks Ritwik.

[@Dream_UK]

Happy to help, Gargi! 🍻

[@MR-gp4zp]

Hey Ritvik .. very informative video … I reached UK a month ago … please make a video to apply NI…your videos helped me a lot in the process of moving from India to UK .. thanks for all your videos 😊

[@Dream_UK]

Thank you very much for watching my videos. Yes, I'll make a video on NI.

[@heemasangker5889]

This video is tipical asian man and the woman who is in the hotel packing and asking the man if he opened a bank acount make me laugh. The way she talk and her mouth moving left and right its very funny when she talk. stupid advert, the woman mouth is funny.

[@happiness1798]

Excellently explained video, on such an important topic, thanks Ritvik!

[@Dream_UK]

Thanks Amruta!

[@amit1990mak123]

Bro , please make a video on transport. Whats the best economical way to visit any university if student is living away.

[@ashoknagamanickam2539]

if the video is in completely English , you will get more viewers from India, or if your putting this only for the people who knows Hindi , i am sorry to say this

[@eugenegonsalves6174]

agree with your point

[@sanyasethi5486]

Hey HSBC has got 2 different accounts for students one is a general account which requires you to have styed here for at least 3 years like you said. But it does have an international student account too which I have opened just few days back. Just in case anybody's facing that issue.

[@anugauravanu]

Nice Info. Thx

[@Dream_UK]

Thanks for the info, Sanya!

[@Ministress999]

how do u do it. I cant get past the 3 year requirement

[@sanyasethi5486]

@@Ministress999 Hey all you need is a proof of address and a letter from university. My university provided both in one letter stating my UK address and proof that I’m their student and that’s all. You might want to check directly with bank if you don’t find it online.

[@lekasree2548]

Does phd student need to show money in bank account ?? and if may i know how much it is??

[@triallingqbhannel]

What if you loose your card or it gets robbed? By the time you try to block it money will be gone ..... is their no safeguard here or how do we tackle this?

[@Dream_UK]

You can open 2 bank accounts. Keep small amount of money in one card and carry it with you.

[@garethbeaton8414]

I'm having I'd probably keep telling me I don't have a photo I'd cart open one

[@IslamicjankariA]

Hi great explain. But i have 1 question Which bank to best for UK LTD company from India?

[@dishasharma4955]

Hey , can you please explain the process of getting biometric residence permit in london within 7 days of arrival??

[@aayathhamzah3716]

Your doing good job ritwik🙂

[@Dream_UK]

Thanks!

[@mallikahanda9268]

hi...your video was very informative....please advice...is it better to open a student account in a bank in india before coming to UK or we can directly open an account after reaching UK...I checked with HSBC and as per them they will open an intnl student account here in India first and then send a request to HSBC UK branch to open a new account there and then linkup both the accounts ..as per them this process is faster than opening an account directly in UK.....also which the best student friendly bank in UK??

[@rutvimehta5202]

this is very informative, what all do u add under income and employment details? Since we students?

[@shubhamthakuruk9482]

#ASKRITWIK Hi ritwik it's gonna be great if you make a video regarding NIN number how to apply how we can do a job with its reference number and all it will be a great help thanks

[@pp4024]

U just require passport for international bank Need to discuss the same Thanks

[@RahulKumar-zt8gb]

Why these days university's not providing offer letter? I had applied in August in coventry university and still I'm waiting for my offer letter.

[@mohitkumaruk]

Hii, we need to carry forex card ? or not ?, if no then how we transfer our fees from india to uk bank, please let me know

[@kalpeshpuri7888]

Hey ritwik,can u make a video on homesickness and mental health

[@Dream_UK]

Yes, Kalpesh. I am adding that to my agenda

[@SHIVAM-wj3xt]

Hi brother, another amazing video. Can we open a bank account suppose in HSBC in India and use it in UK?

[@ravishah1311]

Hello Is this okay , i have offline and online both accounts and i am doing 2 jobs during study and getting my salary with salary slip in offline account and another salary receiving without salary slip in online bank ? Is it okay or will face any problem in future ?

[@jumananagaria1691]

Where would you suggest to get card Defender cover?

[@ahiraj7404]

How to transfer money from India? Make video on it

[@Dream_UK]

International bank transfer | Transferwise | Western Union - whatever is cheap. Next video will take time. Use this info till then😃

[@anugauravanu]

Its best to transfer by your bank & if bank is national, its best and its known as remittance. Go to any national branch and tell them you want to do remittance to UK, they will guide you. Its the most cost effective method to transfer money from India to UK.

[@Hussaingarage]

Hi dear friend today I sah your video How can transfer to fixdepo

[@manjusaini5069]

I want to open my account in HSBC as a student but it's asking about address about past three years

[@Dream_UK]

You might be looking at student account. Check general current account

[@b.mohammed9869]

Bhai for address what documents we need to proove pls let me know ,I am in Uk ,I went bank today they said me i need a driving license too pls breif this up ,

[@sagarmadiyal1161]

You told transfer your money because the conversion rate is low now, can you elaborate that, because I coming to UK in December, and I still didn't applied for Visa, how can we transfer money to UK and show that amount in VISA process Timing - 1.22 in your video

[@Dream_UK]

Hey bro, that was for students who have reached UK. You'll have to transfer the amount once you open bank account here.

[@sagarmadiyal1161]

@@Dream_UK aacha ohhkkk

[@ads7685]

If you are HDFC customer, just visit the branch with customer ID, Passport, copy of Aadhar and PAN, they can immedietly issue the ready kit. If you are non-customer than you will have to prove them travel plan i.e. air ticket, and visa. Also if you wish you can exchange the money in advance now with cheaper rates... there are many forex exchanger who just need your passport copy.

[@yepekaawomi2308]

Hello anyone from Aston University.

[@malikibrahim3989]

Does Hsbc accept My Ni certificate as proof of adress for business account?

[@harischaudhry2722]

#Askritwik explain the whole procedure for NIN.

[@siddhsalhotra9377]

#AskRitwik How are these universities -> Teesside University, Manchester Met, and the University of Huddersfield?

[@ahmedyarsyed8582]

Hi! Can I open a bank Account in uk from Pakistan?

[@mrsmashh]

How to process student application for UK Jan 2022🙏 From begining to end, from applying or getting in touch to university, how to contact, how to check seats etc , please

[@Dream_UK]

Hi! I'm planning to make a video series for Sep 2022 intake. But that would take time. I would suggest you to take help of IDP. They are study abroad agents.

[@mrsmashh]

@@Dream_UK the ielts IDP group?

[@Dream_UK]

Yep. Google IDP and you'll see

[@mrsmashh]

@@Dream_UK ok g🙏

[@Wolfdizzler_aka_ahmed]

Thanks brother

[@muhammadfaraaz1273]

Ritwick please confirm can I book my ticket now for January 2022 intake?

[@Dream_UK]

Yes why not

[@onlineenglishcoaching1208]

Can you tell about the best bank option for student to open an account

[@Dream_UK]

Barclays & HSBC are really good

[@alivirk5429]

Hi bro i asked you to make a comparison video btw australia and uk i am asking third time plz plz and plz tel about weather of uk

[@Dream_UK]

Hey Ali, put up a new comment with #AskRitwik. I'll take it in my live stream tomorrow

[@anshbajaj9926]

Hey bro! As I m to in Edinburgh right now. I am also gonna open my acc In bank of soctland so can you please tell me the documents they asked for to open up account?

[@Dream_UK]

Hey man! BRP/Passport and Bank letter from accommodation

[@utsav2348]

What about Demat account?

[@siddhsalhotra9377]

#AskRitwik I have a digital birth certificate,Municipal Corporation of Delhi has stopped printing the physical ones. Will UKVI accept it as proof of sponsorship?

[@anugauravanu]

From your mobile or website, you can take its print out and it will be accepted. Take a color print out. To be on the more safest side, you can get some proof printed from notry on Rs 10 Stamp paper and attach with your BC print out.

[@siddhsalhotra9377]

@@anugauravanu Thank you so much!

[@asifkhan78026]

Bhai agar UK dollar account suspended ho jay to reopen kesay ho ga

[@dr.jaylpatel]

Hello Do you know anyone from North wales? Specially Bangor City

[@dr.jaylpatel]

#AskRitwik

[@Dream_UK]

Hi Jay! Unfortunately no. But put up comments on my other videos to ask the same. Many others found students going to the same university this way.

[@EDDYA00]

debit vs credit card which is better?

[@500BHP]

You can't tell which is better. Debit card - you put your money, you spend it. Credit - you borrow money and you pay it back using debit card. If you can't pay, you become bankrupt. So they are both different. You can't say which is better. If you don't have money right now but you know that at the end of the month you'll get paid, then you can use credit card and pay it back when you are paid. At this stage credit card is better for you. If you don't have money and spend using credit then this is worse for you. In nut shell, if you have money in bank, debit card is best. If you don't have it now but will have it in a month, then credit card will save you for now but you'll have to pay it back (sometimes with interest). Depends on your situation

[@devendrapratapmishra6649]

Wise bank is good

[@jaskaransingh6367]

Thanks Bro ❤️🙏

[@Dream_UK]

Happy to help, Jaskaran!

[@eshabawa308]

Hello sir plz help me regarding international students quarantine rules I booked 10 oct. flight my university physically enrolment last date is 15 oct Knw i m worry about quarantine i have days only .

[@anugauravanu]

Hello Esha, we were also in same kind of situation. We booked our flight for 1 Oct and last day to attend our session physically is 11 Oct. So in this situation what you can do is.. Number 1 - Send your Visa, Air Tkts & if any accommodation booking to your uni and inform that your visit is planned. Number 2 - Book test to release test which is day 5 test in a clinic which gives PCR test result on the same day and asap you get its result you can start attending offline classes, this is what my daughter is doing in UoM. We came on 1st Oct. Now tomm, 6th Oct, we have our day 5 test to release test and on 6th, Manya ll be going to uni to attend offline classes. Inform your uni that you will be 2 days late. For example, if you are flying on 10th so 10 Oct ll be your day zero. and 11 will be day 1. On 15 you can book your day 5 test in clinic and its result ll come on same day and from 16th you can attend your uni offline. Good Luck.

[@eshabawa308]

@@anugauravanu sir can u plz help me regarding crona kit booking I dont knw how i can book crona kit day 2 and day 8

[@Nikhil.Antarkar]

How to get fully funded scholarship #askritwik

[@farukahammed5672]

Amazing

[@howtodoit1902]

How can i provide proof of address..when i a staying at my aunts house

[@Dream_UK]

You should visit bank once. They will advice you

[@lionelvaz9149]

@howtodoit1902 I have the same doubt!! What did u provide as a proof of address? (as I'll be staying at my relatives place)

[@yarravamsi3674]

Brother does phone pay and internet banking work in UK?

[@Dream_UK]

Phone pay won't work. But Internet banking will :)

[@imranahmed4098]

Bhai mai uk araha ho mere ko cash payse kha se lena chaiye bank mai change ho jayega iam visitor

[@pranjalparmar2504]

Can I do 2 part-time job with same NI for maximum 20hr/w?

[@Dream_UK]

You mean crossing the 20 hrs limit?

[@pranjalparmar2504]

@@Dream_UK nope For example 1 job is giving me 12hr & another one is giving me 8hr So total 20hr/w Is it allowed to do that?

[@Dream_UK]

Yep that's fine. You don't even need NI for part time work - unless someone specifically asks

[@pranjalparmar2504]

@@Dream_UK Alright 👍🏻 Thank you 😊

[@500BHP]

You will "NEED" the national insurance number even if you are working part time or even 1 hour a month. As long as you are getting a pay slip, you need your national insurance number. If you are working cash in hand (by not declaring to government that you are working) then you won't need national insurance nunber even if you are working 100 hours a week. This means you are not paying tax and national insurance. National insurance is like aadhar card in India to which everything gets linked. Even though don't pay tax on an Income below 12500 but you will still need the NI for your employer. Remember, your employer also pays national insurance on your income Employers pay Class 1 NICs of 13.8% on all earnings above the secondary threshold for almost all employees. This rate has remained the same for several years. Secondary thresholds: 2021/22: £170 per week, £737 per month or £8,840 per year; 2020/21: £169 per week, £732 per month or £8,788 per year.

[@sarabjotsingh8632]

Thks bro 😊

[@Dream_UK]

Gald you liked it!

[@Rap-uk]

why i am not getting offer letter from uni ..!

[@manpreetkaur-lo8kp]

when you applied for offer letter. ??

[@uklivestreamingbppuniversi5372]

Bhai ya btha do result kese mile ga covid test ka when we send

[@500BHP]

By email or by post.

[@aayathhamzah3716]

#Askritwik which edating software do you use

[@Dream_UK]

I use Adobe premiere pro :)

[@abhirupchattopadhyay4849]

Have you got part time jobs

[@ahmedalghazali88]

why u start talking in English and writing in English then speaking in another language?

[@VP-uj7id]

Hello, I submitted online application with all documents in HSBC without visiting the branch. How long it take to open a bank account there in general. I am in hurry so what's the solution to make it fast. Please answer

[@saahilbhowmick]

Bro check out Britindian KZbin channel. He had a very good comparison of banks

[@Dream_UK]

Alright brother. I'll check it :) Thanks for the recommendation though

[@rishabhkeshari4582]

what about credit card ? can student avail credit card.. so can individual maintain their credit cibil score from very initial !!

[@Dream_UK]

Hi Rishabh, you can call your bank and ask. My bank denied a credit card because they don't issue credit cards to students - this is for Bank of Scotland

[@rishabhkeshari4582]

@@Dream_UK okay , Btw I am planning to get into Universoty of Westminster, London for Fintech course . what you think about it?

[@kavishagupta]

Getting a credit card in UK is tricky. You need to have good credit score and without credit card to build a credit score becomes difficult. It’s the same problem that companies require experience and without getting a job, having experience is not possible. None the less, most of the credit cards require atleast 2 years residence in UK.

[@rishabhkeshari4582]

@@kavishagupta Totally Different from canada , over there student can avail the credit card from very start of the student life!!

[@kavishagupta]

That’s great. But I am sure they might be doing some checks as well.

[@singhpuriacouple]

Which is your college?

[@Dream_UK]

I study at University of Edinburgh

[@londonbyshrey]

Make videos on how to get job in uk

[@Dream_UK]

Yep, that's on my agenda. Stay tuned :)

[@vishnudeo8454]

Total fee KITNA LGTA hai Bank account open krbane me

[@Dream_UK]

No fee

[@vishnudeo8454]

@@Dream_UK uk jane ke liy biometric fee KITNA LGTA hai

[@Ronnysingh934]

Bro mera bhe MARKETING MSC course h Hard ya Easy🤔

[@Dream_UK]

Bro yeh toh assignment k marks milne par pta chalega😂

[@adilthegr8]

hi

[@maksudulhasan6969]

#AskRitwick I've heard that students on tier 4 visa usually get their ni number backside of their brp card. Is it true? If it's not then please make a video on how to apply and get ni number . And thank u so much for your informative videos

[@Dream_UK]

Hey man! Happy to help. I couldn't find NI on the back side of my BRP. I'll make a video on NI once I get it. Although as per UK government - You can start work without a National Insurance number if you can prove you have the right to work in the UK. As your BRP mentions that you can work in the UK for 20 hrs a week, I believe as per the statement above, NI wouldn't be required for part time. But you can get some guidance on this from your university (immigration department)

[@500BHP]

NI numbers are printed on tier 2 gen visas. Also brp has the licence number of the employer just like your tier 4 brp has your uni ref number (licence number)

[@calebotuoserebour1212]

Man..you are not speaking to only Indians..so speak English only

[@waqarnadeemblogs1741]

Bhai ap uk ma kha sy hk

[@theunderdog690]

Is ICICI bank UK good?

[@anugauravanu]

My suggestion, go with Barclays or Lloyds as I got to know.

[@theunderdog690]

@@anugauravanu thanks

[@tamannaD2909]

Tamanna this side, sahi time par video daala lol.

[@Dream_UK]

Heyy Tamanna!! Tamanna from Delhi, right?

[@tamannaD2909]

@@Dream_UK Yes yes, you met me in Richmond Place that day.

[@pranjalparmar2504]

Is it okay if I open 2 bank account?

[@Dream_UK]

Yep

[@pranjalparmar2504]

@@Dream_UK okay thank you 😊

[@Rabiasuiting]

Khassi

[@abhirupchattopadhyay4849]

#fees payment and #parttimejob

[@yepekaawomi2308]

Hello bro....is wemakescholar legit.

[@Dream_UK]

Yep

[@yepekaawomi2308]

@@Dream_UK ok... tq..... Bro

[@abhaypindwarstudio5370]

Bhai uk me job btao