Moving to the UK to study abroad can be a thrilling experience. It is an opportunity to make lifelong friends, have amazing adventures and learn about a new culture while studying at some of the greatest colleges in the world. However, while moving to the UK you need to make sure that you will be able to receive money from your family members for your daily expenses. This entails opening an international student bank account. There are many options for overseas students available in the UK and it could get confusing to pick the right one for you. But don’t worry, we’ve got all the information you need on the top UK bank accounts for international students!
List Of Best Banks For International Students In The UK
Some banks may allow you to open a bank account online, but others may require you to visit a branch. Students should check with their suppliers to determine whether they have any links to banks in the United Kingdom. Here are the finest international student bank accounts in the UK.
HSBC Basic Account 2021
HSBC Basic Account 2021 is first on the list of top UK bank accounts for international students. Anyone with an EU address is eligible to open an HSBC Basic Account, even though it wasn’t specifically designed for international students. If you are from Europe, you could even set it up at home! It makes opening a bank account straightforward for international students studying in the UK. Holders have the option to transmit money in euros for free to non-HSBC accounts as well as to other HSBC accounts. It is important to stay within your budget because overdrafts are not permitted on this bank account. You must be older than 16 in the EU and not have any other accounts in the UK in order to qualify for an HSBC Basic Account. This is one of the best banks in the UK for international students and is preferred by many university students.
Barclays Student Additions Account
The Barclays Student Additions Account is one of the top UK bank accounts for international students for receiving and sending money internationally. Additionally, it offers some of the best UK bank current account choices for students. You must be older than 18 and enrolled in a two-year undergrad or one-year postgraduate degree in the United Kingdom to qualify for this bank account.
Natwest International Student Account
One of the few bank accounts in the UK that can only be accessed online is the Natwest International Student Account. It is the second-best bank account for international students in the UK. As the name suggests, this account is mostly open to international students studying in the UK. This is another one of the top UK bank accounts for international students which enables free money transfers. Additionally, you have the choice between three choices. These options include a year of student access to Amazon Prime, a four-year free food card that offers a half-off discount on meals at restaurants throughout the UK, or a four-year free national express card with a third-off discount on all bus travel. They are all wonderful chances to get you through your college years!
Santander Basic Current Account
Santander Basic Current Account is among the top UK bank accounts for international students. If you are already in the EU, you can open this account before you arrive since it is accessible to UK and EU citizens. Sending and receiving money in Euros from around the world is free. Any other form of currency, however, costs £25 for each transaction whether sending or receiving it.
TSB Cash Account
The TSB Cash Account has a feature that lets you save money if you’re looking for a UK bank account for international students. It saves the difference when purchases are rounded up to the nearest pound. This could prove to be really helpful if you want to save money! Additionally, sending and receiving cash in Euros is cost-free.
Which UK bank is best for international student accounts?
HSBC Basic Account 2021, Barclays Student Additions Account (International) 2021, Natwest International Student Account, Santander Basic, Current Account, TSB Cash Account, Lloyds Classic Account. and the Al Rayan Current Account are some of the best international student bank accounts in the UK.
Can students open a bank account in the UK as international students?
Yes, some of the top UK bank accounts for international students are available for foreign students. The documentation needed to open a bank account varies depending on the bank, but generally speaking, international students will need to provide a copy of their original passport, student visa, a bank statement from their main bank (3 months) and their address proof in the UK.
How much bank balance is required for a UK student visa?
The amount of money you’ll require depends on where you’ll be attending university. You’ll require one of the following: For up to nine months, classes in London will cost £1,334 each month. Courses outside of London cost £1,023 per month (for a maximum of nine months).
Can international students have two bank accounts?
International students are permitted to have two or even more bank accounts. You typically require checking and savings accounts. Although creating an account is a simple and stress-free process, it is best to read the terms and conditions in their entirety and complete the process in person.
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Thank you for reading this blog on ‘Top UK Bank Accounts For International Students 2022 .’ If you’d like to read more, here are some blogs that may be of interest to you –
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