Money / پیسې

If you're new to the UK you may want to open a UK bank or building society account.

A building society is owned by its members, so unlike a bank it doesn’t have to make a profit to pay its shareholders. The profit it does make helps to keep branches open and is sometimes shared with customers.

Choosing a bank

There are many different banks and building societies in the UK. You can choose one that suits you best.

What you need to apply for an account

To open a bank or building society account, you need:

1/ An email address set up in your name

2/ A valid phone number

3/ Your identification and visa documents, which can include:

  • Biometric residence permit
  • Your passport
  • Proof of your address

Proof of address is usually an official letter which shows your name and your current address (for example, from the government, or a utility company). If you don’t have a proof of address some banks will allow you to bring your host along to verify where you live (they'll need to show their ID and proof of address).

Check the bank’s website to find out what they'll accept before you apply.

Apply for an account

You can apply for an account by:

  • Going to a bank or building society branch (you may need to make an appointment)
  • By phone
  • Online

If you go into a branch, you'll need to take documents that prove your identity. If you don’t have all your identification documents, take all the information you have with you to the bank or building society. Banks and building societies should consider other ways to identify and verify their customers.

Account types

Banks and building societies will tell you what accounts they can offer you depending on your situation.

Sometimes a standard account isn't suitable, so you may be able to open a ‘basic’ bank account instead. A basic bank account doesn’t charge any fees for using it. You can receive your salary or money from benefits, with no charge.

Some banks and building societies let you apply directly for a basic bank account, and others only offer basic bank accounts to customers who aren't eligible for their other accounts.

Universal credit and other benefits

Please use the Gov.UK website to find out more about benefits and what you may be entitled to claim. Should you need any support with setting up a claim, someone from the resettlement team will be happy to assist - just email resettlement@shropshire.gov.uk