Introduction
How to Open Bank Account in UK (Monzo, Revolut, HSBC and Barclays)? Having thoughts about this. You will need to open a bank account in the UK whether you are a resident, student or new arrival in order to manage your finances. For a more specific case, there are traditional high street banks, as well as digital-first banks, which have special characteristics and simple ways to apply. The following is a step-by-step tutorial on how to open UK bank accounts with Monzo, Revolut, HSBC and Barclays.
Barclays Bank Account Opening
Barclays is a traditional bank in the UK and offers different types of bank accounts such as current and savings account.
How to Apply
You can apply through the Barclays site or by utilizing their mobile app. Go to the Bank Accounts page, select the type of account and begin your online application.
Conditions
The applicant has to submit personal information such as full name, date of birth, 12-month address history in the UK, and has to confirm whether he/she is a UK resident or not. Age must be 18 or older.
Documents Required
You will need a valid passport or drivers license or government issued ID to have your identity verified. Demands may be made on documents such as utility bills.
Process
Complete the application, attach the documentation, accept the terms and submit. The information is checked and validated by Barclays. Within a period of 5 working days, approved accounts are issued with a debit card.
Additional Info
These are joint and student accounts. The existing customers of Barclays or those changing accounts to the bank could use additional services to streamline the process.
Opening a Monzo Bank Account
Monzo is a trendy online-based bank that is widely recognized due to expedited account opening and a smooth mobile application experience.
How to Use
Install the Monzo application in your phone. The whole application procedure is done via the app in minutes.
Requirements
You need to be a UK resident (including UK address). You are usually at least 16.
Paperwork Required
An authentic photographic identification such as driving license or passport. The address may be requested similar to utility bill, bank statement, or tenancy agreement.
Procedure
Include personal data (name, date of birth, contacts and others) and documentation. Monzo checks your identity on the app by taking a photo or using your face. When you have been approved, your account becomes active immediately on app.
Extra
Monzo is an excellent day to day spending and budgeting account with notifications and spending categories. Newcomers are not very strict when it comes to proof of address.
Creating a Revolut Bank Account
Another example of a digital bank, which specializes in multi-currency accounts and financial app functions that can be helpful to international users, is Revolut.
Application Method
The Revolut app can be downloaded on your smartphone. Create your account with your information and go through the in-app prompts.
Conditions
You should be more than 18 years old and give an authentic phone number.
Documents Required
Government issued ID (passport, ID card or driving license) to check identity.
How it Works
Once you have provided your basic information, confirm your identity by uploading photos of your ID and a selfie. The approval is immediate or very quick.
Additional Info
Revolut comes in particularly handy when it comes to making money transfers abroad, converting money and spending abroad without charges. It is usually suggested to newcomers in the UK who require access as soon as they arrive in the country before they receive traditional accounts.
Opening an HSBC Bank Account
HSBC is a large foreign bank that is well-suited to individuals abroad or those with accounts in more than one country.
How to Apply
You can apply online through the HSBC site or through one of the local branches. Other dedicated accounts offered at HSBC include international student accounts.
Requirements
The identity and address are required.
Paperwork
Passport or government issued identification and address documents like utility bills or tenancy agreements.
How
Sign the application form, on-line or in person, hand in your documents to be verified. You are then given your debit card and banking information.
More Info
The reason is that HSBC is better when you need international banking services and special deals, such as no monthly fee or accommodation allowance.
Branch Access
HSBC has branches in over 300 locations in the UK, giving them the opportunity to access a range of face-to-face support and traditional banking services alongside their digital presence.
General Tips on Opening UK Bank Accounts
- Proof of Address: The majority of banks in the UK demand proof of address like utility forms, council tax forms, tenancy forms, or official university or employment letters. Other digital banks waive this condition or take other evidence.
- Residency and Age: In the majority of cases, they require the applicants to be UK residents and 16 or 18 age depending on the bank.
- Documents Ready: You must prepare your formal papers to upload or provide them such as passport, driving license, address, etc. so that your verification becomes quick.
- Digital Convenience: Banks like Monzo or Revolut are the easiest to open, and they often have instant access to an account.
- Conventional Banks: Barclays and HSBC have a broader range of services like joint account, overdraft facility and branch facility but will require more time to complete the full account.
- International Students / New Arrivals: Digital banks are applicable when one needs to access urgent banking services. Conventional banks provide a complete range of services that are useful when staying in the UK long-term and managing finances.
Conclusion
All these banks come with different advantages and experience of application. Choose between the convenience of digital presence, the ability to visit a branch and cross-border banking options. This is a universal guide to help all people who want to open an account with Monzo, Revolut, HSBC, or Barclays in the UK.
