How to open UK bank account for non-residents

Key Takeaways

Eligibility/Bank Requirements

• Generally, you’ll need to be 18 or older.
• Proof of identity (passport, driver’s licence) is required.
• Proof of address (utility bill, rental agreement) is needed.
• Additional documents may be required depending on the bank (employment contract, residence permit).
• Some banks offer alternative solutions for those lacking traditional proof of address (letter from university/employer, referral letter).

Step-by-Step Instruction for Opening a Bank Account

1. Do your research and choose a bank.
2. Apply online.
3. Complete the application form.
4. Verify your identity.
5. Prepare for a verification process.
6. Receive account details.
7. Activate your account.

Top 3 Foreigner-Friendly UK Banks

• HSBC: Offers a basic account with a debit card and online banking.
• Lloyds Bank: Classic account is easy to open for non-residents and comes with a debit card.
• Barclays: Offers a standard account and an international account designed for newcomers in the UK.

Great cities, British pubs, the Royals, ruined castles that date back to the 1600s—the United Kingdom never falls short of its wonders. This is why it’s not surprising that many people decide to move to the UK for work, study or simply to immerse themselves in the country’s way of life.

And if you’re one of those considering a move, there are some practicalities to sort through. One of the first things you’ll likely need is a bank account.

While renowned for its top-notch security, multicurrency support and attractive tax rates, the UK banking system also extends its reach beyond its borders. This means you can benefit from the UK’s strong network of financial institutions even if you’re not a resident.

You can then use this account to buy products and services, rent a property, take out a loan and pay your bills. To help you get started, here’s a complete guide on how to open a UK bank account for non-residents. We’ll also explore additional options, like opening an Instarem account online.

Read on to learn more.

Types of UK Bank Accounts For Non-Residents

UK banks serve up a variety of account options, each with its own strengths. The best choice for you depends on your financial goals in the UK. We’ll discuss these different accounts in more detail to help you pick the perfect fit.

Current Accounts

Considered the most common type of bank account in the UK, current accounts are used for everyday banking transactions. They work like checking accounts and are designed for spending and managing your money. You can use them for things like paying bills with a debit card, withdrawing cash at ATMs and depositing your pay cheque.

Many current accounts even offer unlimited withdrawals and deposits. They typically have low or no fees for basic transactions, but some may offer overdraft protection (which allows you to spend more than you have in the account, but usually comes with fees).

Savings Accounts

Savings accounts serve a different purpose compared to current accounts, as they are aimed at individuals who prioritise saving money over spending it. They are mainly used for achieving long-term goals like mortgages, emergencies, or vacations.

Your money grows over time by earning interest, as long as you keep it in the account. They also discourage frequent withdrawals, incentivise deposits and do not offer overdrafts.

When you want to open a savings account, you can choose between three types: instant-access, fixed-rate, or notice accounts.

Basic Bank Accounts

If you do not qualify for other types of bank accounts due to poor credit history or limited finances, a basic bank account is the best option.

Similar to current accounts, this type of bank account supports standard banking transactions. However, they typically do not include features such as credit options, interest earnings or overdraft facilities.

Generally, the bank determines eligibility for a basic bank account, and individuals can only acquire one if they meet the specified criteria set by the bank.

Student Bank Accounts

Similar to a regular checking account, student accounts offer perks geared towards college or university students. These perks can include an interest-free overdraft, a discount card for train travel (railcard), gift certificates or other advantages. After you graduate, this account will likely be converted to a standard checking account.

Business Accounts

Designed for businesses, UK business accounts offer standard features for managing finances, along with potential business-specific benefits like billing, accounting, and tax services.

If you operate a company in the UK, this type of account is recommended.

However, keep in mind that not all banks cater to all businesses, so you might need to explore alternative account options even if you own a business.

 UK Bank Requirements For Non-Residents: What Documents Do You Need?

To open a UK bank account for non-residents, you’ll be required to submit two documents: one for verifying your identity and another to confirm your address. This applies whether you’re doing it in person at a branch or online.

Having additional items on hand can also streamline the process. Here’s a list of helpful documents to consider bringing:

• Passport
• Driver’s License (EU/EFTA residents only)
• National Identity Card (for EU citizens)
• UK Biometric Residence Permit (if applicable)
• Residence Permit (issued by UK Visas and Immigration, for non-EU residents)
• National Insurance number card (if you have one)
• Employment contract

Under the Money Laundering Regulations 2017, UK banks are also required to ask for proof of residency before you can open a bank account. This way, they can verify your ID (name) against a proof of address, reducing the likelihood of the account being opened using false identity information.

While specific requirements might differ between banks, several common documents can serve as proof of your residency:

• A utility bill issued within the past three months
• Local Authority Council tax bill for the current tax year
• UK driving licence with a UK address
• Recent bank statements
• Mortgage statement
• Recent solicitor’s letter or land registry confirmation
• HMRC self-assessment letters (within 3 months)
• NHS Medical card
• Internet banking statements may be accepted
• Vehicle or home insurance certificate

But what if you have only just arrived in the UK? What do you do when you don’t have proof of address?

Fortunately, a few high street banks can be flexible. While requirements vary (check with your preferred bank), some alternative options exist for non-residents who lack traditional proof of address. This includes:

• For students: A letter from your university, college, or language school can be used. In some cases, UCAS details or a Student Loan Company letter might even suffice.
• For employed individuals: A letter from your employer confirming your UK address can serve as proof, as long as it’s less than four months old.
• Referral from an existing customer: If you know someone who banks with the same institution, they might be able to vouch for your address with a referral letter.

Another option that some expats found helpful is to open an account with a bank in their home country that also has branches in the UK.

Even if proof of UK residency is eventually required, a global bank may offer temporary UK account details while you settle in. However, this depends on the bank’s terms and conditions, so consult with them beforehand to explore your options.

Here are some examples of international banks with branches in both the UK and abroad:

• Wells Fargo
• Goldman Sachs
• Morgan Stanley
• Lloyds Banking Group
• Deutsche
• Capital One
• JPMorgan Chase
• HSBC

A Step-by-Step Guide to Opening a Bank Account in The UK For Non-Residents

Although the details can vary depending on the bank, this step-by-step guide provides a general outline for opening a bank account in the UK as a non-resident.

Step 1: Prioritise What You Need

Before choosing a bank, spend some time exploring the options. Consider factors like:

• Fees (monthly account fees, transaction fees, ATM fees)
• Account features (savings goals tools, online banking capabilities, international transfers)
• Branch network (convenience of physical locations)
• Customer service reputation.

Step 2: Apply Online

Find the bank’s mobile app (available on the App Store or Google Play) or navigate to their website. Most institutions offer online account opening these days.

Step 3: Complete The Application

The online application will guide you through the process step-by-step. Fill in your personal details accurately, including name, address, contact information and employment details (if required).

Step 4: Verify Your Identity

Prepare digital copies of your identification documents (passport, driver’s licence) and proof of address (utility bill, rental agreement). Some banks might request a selfie for facial recognition or even a short video call to confirm your identity.

Step 5: Prepare For The Verification Process

The bank might perform a credit check as part of their verification procedures. This shouldn’t take too long, and you’ll usually be notified of the outcome.

Step 6: Receive Your Account Details

Upon successful verification, you’ll receive your account details, including your account number and sort code. You can then start using your new UK bank account for various transactions.

Step 7: Activate Your Account

Follow the instructions provided by the bank to activate your account. This may involve setting up online banking access, ordering a debit card or visiting a branch to complete the activation process.

Top 3 Foreigner-Friendly UK Banks To Choose From

Considered the largest banking sector in Europe and ranks fourth in the world, the UK banking industry is highly competitive. In 2023 alone, HSBC—one of the UK’s top five banks—earned a net profit exceeding 31 billion British pounds. Lloyds trailed behind in second place with net profits of around 5.5 billion pounds, while Barclays followed closely at 5.3 billion pounds.

What’s more, the biggest players in the UK offer extensive branch networks and a wide range of banking options for non-residents. They typically have online and mobile banking features, alongside loans, credit cards, insurance, mortgages and more.

Let’s have a closer look at them below.

HSBC

With more than 300 branches around the UK, HSBC UK stands as one of the four leading clearing banks in Britain. It’s a full subsidiary of HSBC Holdings, a global giant in banking and financial services.

What makes HSBC ideal for non-residents is it operates in over 62 countries worldwide. Meaning to say, if you’re an existing HSBC customer in your country, you can get assistance setting up an account even before arriving in the UK.

As a foreigner, you can apply for the HSBC Basic Account (previously known as the ‘Passport Account’). It offers a Visa Debit card, allowing withdrawals of up to £300 daily from ATMs. It also offers access to internet banking, mobile banking and telephone banking services. You can also set up direct debits and standing orders for bill payments.

Moreover, they don’t charge monthly account fees. It helps you track your spending as well, with categorised breakdowns and lets you set budget goals to stay in control of your finances.

How To Open an HSBC Account

1. Check your eligibility. Make sure you’re 16 or older, you can provide ID and proof of address if needed and don’t qualify for one of their other current accounts.
2. Complete the online application. Fill out the online form and, if necessary, schedule a phone appointment with HSBC to proceed with your application.
3. Verify your identity. Provide documents like ID and proof of address to complete the process.

Lloyds Bank

Founded in 1765, Lloyds Bank is the biggest provider of retail and commercial financial services in the UK. They have a large customer base of 26 million and are known for their strong digital presence.

Lloyds Bank makes it easy for non-residents to open a bank account, even if you have just arrived in the UK. You can apply for the free Classic account that comes with a Visa debit card and is easy to open, typically requiring just your passport or ID (for EU citizens) & proof of your UK address.

A classic account allows you to keep track of your spending, pay bills and withdraw up to £800 a day from a Lloyds Bank Cashpoint. You can even get up to 15% cashback when using your Visa Debit Card at selected retailers.

You also have the option to upgrade your account to Club Lloyds. Choose a new Lifestyle Benefit for your account each year. There are four options available, each designed to suit different preferences.

• Disney+ subscription: Stream shows, movies, and originals for a year with a standard Disney+ subscription.
• Coffee & Dining: Enjoy discounts at coffee shops like Caffe Nero, restaurants, and even get deals on theatre tickets and attractions with a Coffee Club and Gourmet Society membership.
• Cinema Tickets: Pick six movie tickets to use at either ODEON or Vue cinemas.
• Magazine Subscription: Choose a magazine to be delivered to your home or download it to your phone or tablet (Android and iOS compatible). You can also opt for a digital-only subscription.

Other benefits include access to mortgage offers, monthly credit interest and a Smart Start account.

How To Open a Lloyds Bank Account

1. Head to the Lloyds Bank website and carefully review the details and conditions for the account you’re interested in.
2. Once you’ve chosen your account, click the ‘Ready to apply’ button. Existing customers can simply log in to online banking to apply.
3. For new applicants, click ‘Apply now’ followed by ‘Continue.’ You might be prompted to switch to your mobile phone for easier ID verification through photo uploads.
4. The online application will guide you through the process. Provide your information and upload your ID document as instructed.
5. Double-check all the details you entered and submit your application when you’re finished.

During the application, you might be asked a few quick questions about how you plan to use the account. This could include whether it will be your primary account or one you’ll use for specific things like bill payments.

Barclays

Barclays, one of the oldest banks in the UK, has over 1,400 branches in the country. Established in 1690, the bank has played a leading role in shaping the country’s banking sector.

It’s also known for being a convenient option for newcomers to the UK. In fact, you can even get a head start by pre-applying for an account online before you even arrive.

The bank offers a Barclays Bank Account that comes with a standard Visa debit card. However, there’s a slight catch: you won’t be able to use it right away. Once you’re in the UK, you’ll need to visit a branch with your reference number, passport and proof of address to activate the account and start using it.

You can also apply for an International Bank Account which is specifically designed for those who are new to the UK. It provides a complete suite of banking features, including a contactless debit card, daily ATM withdrawals (up to £300 with enough funds in your account) and phone banking access.

To be eligible for this account, you need to be a resident of a qualifying country and maintain a minimum balance of £100,000 (or equivalent) across all your Barclays accounts.

How To Open a Barclays Bank Account

You have two options: online or through the Barclays mobile app.

1. Head to the Barclays website and choose the current account that best suits your needs.
2. Review the eligibility criteria and legal information for your selected current account.
3. Click the ‘How do I apply’ button to proceed to the application section.
4. For online application, click the online form link and follow the on-screen instructions, providing your details and uploading ID documents as required.
5. To apply via the mobile app, select ‘Apply in the app’ and download it from either the Google Play Store for Android devices or the App Store for Apple devices.

Complement Your UK Banking: Open an Instarem Account

The UK banking system has everything you need—spending trackers, online banking, multicurrency accounts, overdraft protection and competitive interest rates. The only problem you may encounter is sorting out proof of address when you’ve just landed in the UK.

You’re new, you haven’t set up utilities yet and handing over important documents can be nerve-wracking. But once you overcome this challenge, you’ll gain access to a wealth of financial tools that can simplify your day-to-day banking activities and help you achieve your long-term financial goals.

Thankfully, Instarem provides a favourable starting point for non-residents in the UK looking to move money to their UK bank account. We can be your ideal first step for managing your finances as you settle into a new country.

• Fast and Easy Setup: Ditch the paperwork and lengthy application processes. Instarem lets you open an account online within minutes.
• Accessibility for Non-Residents: No minimum income or employment proof is required, making it accessible for newcomers settling in or short-term residents.
• International Money Transfer: Send and receive money internationally with competitive rates and transparent fees.
• Mobile-First Convenience: Manage your account on the go with our user-friendly app, eliminating the need for frequent physical branch visits.
• InstaPoints: Earn with each transfer and use them to save up on future payments.

Keep in mind that Instarem is meant to complement your bank account, not replace it. For example, once the account application process is done, you might need to move your funds to your UK bank account. Skip the banks and use Instarem instead.

If you decide on this digital route and explore what Instarem has to offer non-UK citizens, we’re ready to assist you every step of the way. Download the app or sign up today!

FAQs

Can a non-resident have a UK bank account?

Yes, you can open a UK bank account as a non-resident. However, you will need to provide proof of identity and address to complete the application process.

Which UK banks offer expat accounts?

Several UK banks cater to expats, offering accounts with features that suit their needs. Here are some examples:

• HSBC: They offer the HSBC Basic Account, which comes with a Visa debit card and online banking access.
• Lloyds Bank: Their Classic Account is known for being easy to open for non-residents and comes with a Visa debit card.
• Barclays: They offer a Barclays Bank Account with a debit card (requires branch activation) and an International Bank Account specifically designed for newcomers to the UK.

Can I open a UK savings account if I live abroad?

Yes, depending on the bank’s specific policies, you might be able to open a UK savings account even if you live abroad. However, keep in mind that residency requirements can vary between banks.

What documents do I need to open a UK bank account as a non-resident?

To open a UK bank account as a non-resident, you’ll typically need to provide two documents: one for verifying your identity and another to confirm your address. Commonly accepted documents include a passport, driver’s licence, utility bill or rental agreement.

*Disclaimer: This article is intended for informational purposes only. All details are accurate at the time of publishing. Instarem has no affiliation or relationship with products.