Banking and finance

Banking and finance

Before you come to the UK, you must:

Banking

You will need to open a bank account when you arrive here.

There are a number of major banks in the UK, including NatWestBarclaysLloyds TSBHSBCRoyal Bank of Scotland and Halifax, which all have branches throughout the country.

There are two cash machines in the Atrium at Kedleston Road. There is also a cash machine located in Buxton.

Each bank has its own systems, and may require different information from you, so if you want to open an account, make an appointment with the bank's student accounts manager.

There are two main types of bank account:

Most major banks offer online accounts too - you may receive a higher rate of interest on savings if you choose this option.

All major banks can arrange international transfers, bankers drafts, and travellers cheques.

Lloyds TSBHSBC and the Islamic Bank of Britain all offer banking services that are compliant with Sharia law.

Closing your bank account

When you've finished your course, you will need to close your account, either by withdrawing the remaining funds as cash, or by transferring the money to your bank at home.

You should arrange this with the bank before you leave, and it's advisable to give them about two weeks' notice.