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What Information Do I Need to Open a Bank Account?

Before you open a bank account, you should get a utility bill with your name and address on it, some photo ID like a driving licence or passport and maybe an official HMRC letter with your national insurance number on it. These important documents provide proof of address (utility bill, rental agreement, or an official piece of mail). Banks also ask for other types of identification, such as your passport or military identification card.

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The type of account you want to open is also a consideration. Some banks require an initial deposit of a certain amount, while others require a minimum balance. Before making an application, be sure to read and understand the terms and conditions of the bank’s new account and any fees that might be payable. Depending on the bank and type of account, you might need to provide more than one piece of identification. To find out more about what’s involved in an AML IDENTITY CHECK, go to a site such as w2

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Opening a bank account is simple and can often be done online. Most banks require a picture ID and an initial deposit of a small amount of cash. A checking account will allow you to hold cash and make withdrawals and transfers. You can also use a debit card to bank at cash machines. You will also need to provide the name and address of any co-applicants. These documents vary widely from bank to bank.

 

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