You have to be sixteen and a permanent UK resident to open a bank account in
the UK. Most people chose a free current account which allows you pay bills, have
wages, salary or benefits paid in and save.
Some current account charge a fee for extra features so make sure you know what
you are getting before making your final decision.
Offers and incentives change all the time so it is worthwhile having a look on a
comparison website like moneysupermarket
to get the latest up to date information.
The best account for young people we could find is the Nationwide Flex Account,
no monthly fee and no minimum monthly deposit and if you do deposit £750 you’ll
also get free European travel insurance. However offers and incentives do change
so do your research.
The first thing you must do is prove who you are/your identity. This is to prevent
criminal activity and money laundering.
What you need:
If you can’t provide these documents, other documents may be acceptable, such
Additional things you will be required to do:
You can find out more about opening a bank account at the Money Advice Service or by visiting the Direct.gov website.
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