Opening a New UK Bank Account
- April 16, 2021
Once you've arrived in the UK, how do you set up a new bank account?
There are many things to consider when setting up your new life in the UK, one of which is opening a new bank account. To help, we put together a few tips and suggestions to get you started, including the following topics:
- Options can be confusing
- Do I need a new bank account?
- How do you set up an account and what do you need?
- Once your account is open, what next?
- Monitoring your account
- Which bank should I choose?
- The main five banks
- Ethical banking
There are various different, and whilst one type of bank will suit one person, it may not suit everyone. So, it is important to shop around and find the right bank account for you.
Options can be confusing
When choosing a bank account, it can get confusing. There can be accounts that are simple to set up, with no fees, or accounts that require a monthly fee. Equally, you now have the option of online banking with banks that have few or no local branches at all, or you may prefer a bank that has a branch nearby, so you can pop in anytime.
We have taken a look at the easiest to set up, but as above, they may still not be the right account for you. If you want to discuss further after reading this blog, why not give us a call and one of our specialist consultants will answer any questions you may have.
Do I need a new bank account?
Before we look at specific examples, it is important to mention why setting up a bank account is important.
Firstly, you will need to notify your employer where to pay you!
And secondly, a good bank account will offer ease of use, support you in building your credit score (important for your future in the UK), pay bills, and easily check your balance.
How do you set up an account and what do you need?
Similar to a lot of administrative tasks, to set up an account you will need to make an appointment with the bank and bring along the right documents.
Setting up an appointment:
Most banks won’t let you drop in, so it is a good idea to call in advance and schedule in your appointment. The appointment will be focused on discussing your situation in order to open the account.
Required documents:
Once you have booked the appointment you can then start to prepare the documents to bring with you. Basically, one document to prove your identity and one to prove your address.
To prove your identity, you will need one of the following:
- Passport
- Driver’s licence
- EU ID Card
Every bank has its own idea of how to prove your address, the following are widely accepted:
- Tenancy agreement or mortgage statement
- Electricity or gas bill, dated within the last 3 months
- A current Council Tax bill
However, as an IMG you will be new to the UK, so you might not have any of the above as evidence of your address. The good news is that most banks will accept a letter of employment from your Trust (employer) written to the bank.
You can request an employment letter from your Trust HR department. This must confirm:
- your home address
- include your name
- D.O.B
- you are employed by the Trust
- the starting date of your role
- your salary
- duration of the contract
It must be on letter headed paper, stamped, signed and dated. Speak to your IMG Consultant who will be happy to help you set this up.
Once your account is open, what next?
Once you have completed your meeting (usually around an hour), your account will be set up and ready to use.
Now that you have your new account number (8 digits) and sort code (6 digits) you can provide these to your payroll department ready for your first pay cheque!
Don’t forget you will also need your NI number! Read our blog on how to get yourself a NI number if you haven't already.
You will also receive your bank card and pin code in the post, these are usually delivered separately.
If you receive one but not the other a day or so after, then contact the bank and they will reissue these. These usually arrive approximately 5 working days after setting up the account, but your bank will advise on the specific number of days so that you can keep an eye out for their arrival.
Once arrived, you can use this to make payments everywhere, including online. If you want to change the pin, you can change this at most bank machines to something that you will remember! Be sure to choose memorably but randomly, not 1234!
Monitoring your account
Now that you are set up, most banks will offer an online account to monitor your income. Most have an app that you can download to your smartphone to manage outgoings and transfers.
Which bank should I choose?
With the banking market bringing a wide range of accounts and banks, it is hard to navigate through all the accounts on offer.
The most important advice we can give is to shop around. Check online and compare what is on offer across a wide range of banks. Often, it can also be easier to open an account with one of the bigger UK banks.
Here are a few things to consider when selecting your account and discussing what is offered during your meeting with the bank:
- Examine digital features – online and mobile access via apps and online banking etc. It is beneficial to access your account anywhere, helping you monitor your outgoings and identify fraud.
- Check if the account has monthly fees – most standard current accounts don’t, but premium services usually have a monthly charge.
- No minimum balance requirement - good banks don’t have these!
- No limitations on the number of transactions – you want to be free to make as many, or little transactions as you want.
- Free ATM access, so you can withdraw money when needed.
- Check overdrafts and associated fees, you don’t want any unwanted charges.
- Check if the bank has several branches, including one local to you. You may however prefer to use services offered online, which would open more options up to you.
Some banks offer specific accounts for people who have recently relocated to the UK, usually called new to the UK accounts.
You can also chat to an advisor online to answer any questions you may have before you make the decision to arrange an appointment, check the bank websites for web chat options.
Whatever type of banking suits you, it is always best to research extensively, especially online, which will give you a full idea of what they offer.
The main five banks:
The five main banks in the UK are:
Opening an account with these banks is usually easy, and they offer a range of accounts with online options.
Another popular option is to set up a Monzo account as they are very quick, easy to set up - whilst they offer a useful mobile app platform which makes it easy to keep track of your expenses. They also offer free payments and withdrawals outside of the UK whilst are an FSCS approved bank so offer the same security as one of the main five banks.
Ethical banking:
Ethical banks are those that invest your money transparently and only business, companies and investments that do not have a harmful impact on local communities and the environment. The following two are good options:
Triodos Bank offer a great option for Ethical Banking. They invest their money transparently and into projects and trusts that benefit local communities and the planet we live in. They do not invest in any fossil fuel companies or any business that has a harmful impact. Our directors and our business bank with Triodos.
Co-operative Bank offers a range of accounts and can be set up online easily.
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Relevant Jobs
An excellent NHS job opportunity for an experienced Acute Medicine Consultant to join this NHS Trust as a Consultant working in an established acute medicine department in the UK. This NHS job offers CESR Portfolio Pathway support and international applications from IMGs are welcome.
The NHS Trust
This NHS Trust provides integrated acute and community services to around 900,000 people. As one of the top-performing NHS trusts in the UK, it is renowned for its high-quality patient care, research, and innovation. The Trust aims to deliver outstanding care and services, fostering a culture of continuous improvement and professional development. It is dedicated to developing new treatments and technologies that improve patient outcomes and enhance the overall healthcare experience.
The Acute Medicine Department & Team
The Acute Medicine department at this NHS Trust is a dynamic and supportive environment that deals with a high volume of emergency cases. The team consists of experienced consultants, junior doctors, nurses, and allied health professionals who work collaboratively to provide comprehensive care. The department is equipped with state-of-the-art facilities and offers a wide range of diagnostic and therapeutic services, ensuring patients receive timely and effective treatment. The team is dedicated to delivering high standards of care, participating in national clinical audits, and contributing to research initiatives.
Continued Professional Development
This NHS job offers further training and accreditation within acute medicine, including CESR Portfolio Pathway Support, access to specialty training, and the opportunity to develop sub-specialist interests. The department is committed to the professional growth of its staff, offering numerous opportunities for continuous medical education, participation in clinical research, and leadership development programs. The Trust supports a culture of learning and innovation, ensuring that all staff members can achieve their career aspirations while delivering exceptional patient care.
Location
This NHS Trust is located in a region renowned for its stunning natural beauty, including two national parks and a picturesque coastline. The area boasts a high quality of life with affordable living costs, excellent schools, and a safe, welcoming community. The region offers a rich cultural heritage with numerous festivals, museums, and theatres, along with a variety of outdoor activities such as hiking, cycling, and water sports. With excellent transport links, including rail and road networks, it is easy to travel to other parts of the UK.
Am I eligible for this role?
UK based candidates:
- Experience in Acute Medicine
EEA candidates:
- Experience in Stroke Medicine
- European Specialist Qualification
Non-EEA candidates:
- MRCP
- Experience in Stroke Medicine
An exciting opportunity has arisen within the Acute Medicine Department. They are looking to appoint an Acute & General Internal Medicine Consultant, a great opportunity to further your medical career in the UK. This NHS job offers CESR Portfolio Pathway support, and international applications from IMGs are welcome.
The successful candidate will be the clinical lead and will drive the development and transformation of acute medicine, where patient-centered care is at the heart of the services. The role involves working within the Acute Assessment Unit, which consists of a 25-bed inpatient area including a 5-bed enhanced care area and an adjacent 6-space Ambulatory Emergency Care Unit.
Health Service
Working for this health service is professionally rewarding, offering high-quality, patient-centered care. Their clinicians lead in developing and managing services, supported by strong links with UK specialists. With a generous study leave budget, doctors are encouraged to pursue further education. Exciting developments include a new general hospital and a new mental health inpatient unit. They foster strong relationships between mental health, primary, and secondary care, promoting joint learning and teaching in their modern education center.
The health service, separate from the NHS, is an integrated, taxation-funded system, free at the point of delivery, managed by the Health and Community Services Department. This is a unique opportunity to help shape an integrated care system with closer political engagement than in the UK.
Department & Team
Medicine in this health service is fully integrated by age and specialty, with three medical wards: . The EAU has a 5-bedded Enhanced Care Area and a separate intensive care unit led by intensivists. The AEC Unit is supported by a SAS doctor and consultants. The department comprises a 16-bed EAU, staffed by 11 consultants, 8 SAS doctors, 7 FY1 doctors, 2 FY2 doctors, and 6 Clinical Fellows, organized into 8 medical teams and the EAU team.
The specialty of Acute Medicine is based within the Emergency Assessment Unit (EAU). The service includes a 25-bed Acute Assessment Unit (AAU) featuring 5 enhanced care beds and an Ambulatory Emergency Care (AEC) Unit. The post holder will work across both the AAU and the AEC.
Continued Professional Development
The health service offers further training & accreditation within psychiatry, including CESR Portfolio Pathway Support, access to specialty training, and the opportunity to develop sub-specialist interest. The post holder will have ample opportunities to develop knowledge, skills, and experience through attendance at relevant courses, conferences, and locally organized CME events. Health & Community Services supports Continuing Medical Education with time and financial support, offering study leave of 30 days in 3 years, and an annual study leave allowance.
Life in the area
Living in the area presents significant financial benefits. The flat income tax rate is notably advantageous compared to the U.K., and they provide a generous public sector pension scheme that isn\'t constrained by U.K. lifetime or annual contribution limits. The Consultant Contract closely mirrors the U.K. model but offers higher incremental levels. Incremental progression is automatic from points 1 to 17 on the pay scale based on satisfactory performance, while formal applications are necessary for points 18 to 20.
Am I eligible for this role?
UK based candidates:
• Experience in Acute & General Internal Medicine
EEA candidates:
• Experience in Acute & General Internal Medicine
• European Specialist Qualification
Non-EEA candidates:
• MRCP
• Experience in Acute & General Internal Medicine
A Northern English NHS Trust is looking for a Consultant Histopathologist to join their team at. They are considering either UK or overseas-trained doctors for a permanent contract type. The trust will support with CESR support for those who are looking to attain CESR and Specialist Registration. This is a high performing and friendly department for overseas doctors new to the NHS, or UK-based doctors looking to further careers in the UK.
This is a great job for any overseas Pathologists looking for CESR-support and great career development in a beautiful part of England.
What is the NHS Foundation Trust like?
The NHS Foundation Trust offers top-notch hospital and community healthcare services to a population exceeding 400,000 individuals across several areas/ With two primary hospital locations boasting a combined total of 553 beds, and their hospitals situated approximately 15 miles apart - along with a community hospital, the Trust ensures comprehensive care coverage. Its extensive range of services and specialties includes Bariatric Services, Orthopaedics, Urology, Cardiology, Diabetes Care, Elderly Care, Emergency Care, Gastroenterology, Obstetrics and Gynecology, Radiology, Respiratory Medicine, Rheumatology, Stroke Care, Critical Care, Neonatology, Pain Services, and Pathology.
What is the department & team like?
The Histopathology Department is staffed by a dedicated team of consultants and junior doctors committed to delivering outstanding patient care. The team comprises experienced consultants and supportive junior doctors, ensuring comprehensive coverage and expertise in diagnosing a wide array of cases. The department is actively involved in the diagnosis and management of diverse histopathology and cytology cases, encompassing oncological, gastrointestinal, dermatological, and respiratory conditions, among others.
They offer a range of treatments tailored to meet the specific needs of each patient, with a focus on delivering timely and accurate diagnoses to support effective treatment plans. Equipped with advanced facilities and state-of-the-art technology, the department boasts modern laboratory equipment and diagnostic tools. These resources enable them to efficiently process and analyze histopathological specimens, facilitating prompt and precise diagnoses.
On average, the histopathology department handles a substantial volume of cases each year, covering a broad spectrum of pathology types. Through the collaborative approach and commitment to excellence, they strive to uphold the highest standards of patient care and contribute to advancements in diagnostic medicine.
Career Development & Opportunities Available
The Trust and Histopathology team are dedicated to supporting their doctors career development through. For example, the new appointee will have the opportunity for the development of teaching experience as they would be expected to undertake formal and informal teaching of trainees within the department, and participate with other consultants in teaching/lectures as part of the Trust’s postgraduate education program. There will also be the opportunity for the development of personal research interests through the Research and Development Department. Research is highly encouraged at this trust and is undertaken during SPA sessions. The new consultant will also be able to increase their experience in MDTs, as these are regularly held within the department.
Life in North East
The North East of the UK offers a diverse blend of rural and urban settings, providing both tranquility and vibrant city life. Residents can explore scenic landscapes such as the Northumberland Coast or enjoy cultural attractions in cities like Newcastle upon Tyne. The region boasts esteemed universities like Durham and Newcastle, along with quality schools. Transportation links are well-established, connecting the area to major cities and airports. Housing options vary from historic properties in market towns to modern developments in bustling urban centers, catering to diverse preferences and lifestyles.
AM I ELIGIBLE FOR THIS ROLE?
EEA Candidates:
- Experience of working in Histopathology
- Specialist European Qualification in Anatomic Pathology
- Full and Specialist registration (and with a licence to practise) with the General Medical Council (GMC), or be eligible for registration within six months of interview.
- An understanding of Clinical Governance
Non-EEA Candidates:
- FRCPath
- Full and Specialist registration (and with a licence to practise) with the General Medical Council (GMC), or be eligible for registration within six months of interview.
- An understanding of Clinical Governance
UK based applicants
- Full GMC registration
- Within 6 - 12 months of completing CCT
- An understanding of Clinical Governance
We are looking to recruit a Consultant Psychiatrist to a Crisis & Assessment Team role in the Channel Islands, a UK territory sitting off the coast of France and just a 1 hour flight from London. This job presents a great opportunity to advance your medical career in the UK.
The health service, separate from the NHS, is an integrated, taxation-funded system, free at the point of delivery, managed by the Health and Community Services Department on the island. Key benefits of working there are higher salaries than the NHS, lower taxes and sunnier weather.
Consultant Pay range - £110,257 to £164,372
Single rate of tax - 20%.
The Department & Team
The Crisis and Assessment Team (CAT) serves as the primary gateway to adult and older people\'s mental health services, conducting assessments in the community and emergency settings, alongside medical reviews. They collaborate closely with law enforcement, responding to Adult Protection Notices and coordinating mental health law assessments. This role within the CAT focuses on streamlining referrals, providing short-term crisis interventions, and ensuring individuals receive appropriate ongoing care. You\'ll engage with both working-age adults and older adults, with responsibilities extending to police referrals and mental health law assessments during standard working hours, with on-call commitments.
Continued Professional Development
Professional development is integral to their ethos, offering CESR Portfolio Pathway support, access to specialty training, and opportunities for sub-specialist development. They prioritize ongoing learning through conferences, local CME events, and a generous study leave allowance.
Life in the area
Living in this location offers significant financial benefits. The flat income tax rate of 20% is notably advantageous compared to the UK, and a generous public sector pension scheme is provided, not constrained by UK lifetime or annual contribution limits. The consultant contract closely mirrors the UK model but offers higher incremental levels starting at £110,257 and with a top basic salary of £164,372.
Am I eligible for this role?
UK based candidates:
- Experience in General Adult Psychiatry
- Specialist Registration or locum consultant experience
EEA candidates:
- Experience in General Adult Psychiatry
- European Specialist Qualification
Non-EEA candidates:
- MRCPsych
- Experience in General Adult Psychiatry
We are looking to recruit a Consultant Psychiatrist to an Old Age role in the Channel Islands, a UK territory sitting off the coast of France and just a 1 hour flight from London. This job presents a great opportunity to advance your medical career in the UK.
The health service, separate from the NHS, is an integrated, taxation-funded system, free at the point of delivery, managed by the Health and Community Services Department on the island. Key benefits of working there are higher salaries than the NHS, lower taxes and sunnier weather.
Consultant Pay range - £110,257 to £164,372
Single rate of tax - 20%.
What is the health & community service like?
Working in this location is professionally rewarding, offering high-quality, patient-centered care. Clinicians lead in developing and managing services, supported by strong links with UK specialists. With a generous study leave budget, doctors are encouraged to pursue further education. Exciting developments include a new general hospital and a new mental health inpatient unit. The service fosters strong relationships between mental health, primary, and secondary care, promoting joint learning and teaching in a modern education center.
What is the department & team like?
The inpatient services are currently undergoing extensive refurbishment, including two wards for older adults. One ward offers 14 assessment beds for individuals over 65 experiencing functional mental health issues, with some flexibility for those under 65. The other ward provides 10 assessment beds for patients with dementia. Following the refurbishment, the latter ward will feature 8 acute assessment beds and 8 transitional/step-down beds for those with dementia or enduring mental health problems who cannot be supported in local nursing or residential homes.
The Older Adults Community Mental Health Team (OACMHT) manages a caseload of about 300 patients, including new referrals triaged by the Crisis and Assessment team, providing both short-term treatment and long-term care coordination. The role involves providing medical support to the OACMHT alongside two other consultants and a staff grade doctor.
The post holder will join an established team, comprising 2 WTE older adult consultants, 1.0 WTE Associate Specialist (Memory Assessment Service), 2.0 WTE staff grades (inpatient and community), and 1.0 WTE F1 doctor (inpatients and community). Dedicated administrative support includes a 0.5 WTE medical secretary and ward and team secretarial support.
Continued Professional Development
This position offers further training and accreditation within psychiatry, including CESR Portfolio Pathway support, access to specialty training, and the opportunity to develop sub-specialist interests. The post holder will have ample opportunities to develop knowledge, skills, and experience through attendance at relevant courses, conferences, and locally organized CME events. The organization supports Continuing Medical Education with time and financial support, offering study leave of 30 days in 3 years and an annual study leave allowance. Regular case discussions, teaching sessions, and MDT supervision ensure ongoing professional development, meeting the Royal College of Psychiatrists\' CPD requirements.
Living in the Area
Living in this location offers significant financial benefits. The flat income tax rate of 20% is notably advantageous compared to the UK, and a generous public sector pension scheme is provided, not constrained by UK lifetime or annual contribution limits. The consultant contract closely mirrors the UK model but offers higher incremental levels starting at £110,257 and with a top basic salary of £164,372.
Am I eligible for this role?Am I eligible for this role?
UK based candidates:
- Experience in Old Age Psychiatry
- Specialist Registration or locum Consultant Experience
- Experience in Old Age Psychiatry
- European Specialist Qualification
- MRCPsych
- Consultant experience in Old Age Psychiatry