Banking in the UK

BANKING IN THE UK

GETTING ORGANISED Organising banking in the UK is a straightforward process. There are several choices: + Apply for an offshore international bank account before you arrive. + Apply for a fast-track UK bank account using one of the contacts supplied below. + Make an appointment with any local bank of your choice to set up an account once you have a signed lease. It is helpful to have a UK or offshore international bank account for payment of rent, utility bills, broadband, etc. when you arrive. This will help to avoid extra bank charges for using your overseas card or credit card. N.B. It is not possible to obtain a landline for broadband WiFi unless you have a UK bank account . APPLYING FOR A FAST TRACK BANK ACCOUNT There are several banks that you can choose to open an account with including Lloyds, HSBC, NatWest, and Barclays. The process for each bank is outlined below and please note that all of the banks will require an employer’s reference letter and often a proof of address document, which can be your temporary accommodation address. Please ask your Dwellworks representative for an employer reference letter template should you need one. Lloyds Bank To apply for an account, please contact the Business Manager, Sunita Jalaf Sunita.Jalaf@lloydsbanking.com Please also copy in globalpartnerships@lloydsbanking.com so that one of the team can get back to you if Sunita is not available immediately. Sunita or a member of her team will help you to decide whether to open a UK bank account or an International Bank account based on your personal situation and requirements. International Banking: + Multi-currency banking (GBP, USD, EUR) available for applicants with an annual income of £50,000+ + Remote telephone-based application process + Clients can apply for this account from their home country prior to their relocation (dependent on where the applicant is located). + Ideal for clients relocating to or from the UK + Multi-currency banking offers flexibility to regular travellers/internationally mobile people + Free international transfers + Monthly fee- Either £7.50, €8.00 or $10.00 UK BANKING: + Free local branch banking in the UK (added value accounts are available for a fee) + Only available for UK residents- the account will be opened in branch + Access to the full branch network & range of products/services To check the range of Lloyds’ current accounts and to check your eligibility please click here . To check the documents required for Proof of Identity, please click here .

© Dwellworks, LLC

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BANKING IN THE UK

HSBC To apply for an account, please contact the Premier Corporate Account Manager, Devindra Ramsingh on Devindra.M.Ramsingh@hsbc.com . He will be looking to arrange a call with you to discuss your banking options. HSBC are often able to open a bank account prior to you having found a permanent property. Natwest Please click here to use the NatWest Global Team’s online application form. Should you have any queries, please contact the Business Development Manager Karen Pearse Karen.Pearse@natwestglobal.com . Barclays To apply for an account, please contact the Business Development Director, Patrick Power, through email: Patrick.Power1@Barclays.com . Patrick will arrange a call with you discuss your requirements. Barclays tend to be able to open a bank account before you have a fully signed tenancy agreement. International + Account Opening Criteria - £150k Annual UK Salary or £25k Assets + Account Opening Times - Account can be opened up to 3 months before arrival into the UK (Depending if country is In Scope) + Documentation – Signed Online Application, Certified Passport, One Form of an Original Address Confirmation (Bank Statement, Credit Card Statement or Company Reference Letter (Company must be listed on Stock Market) + Click here for the Online Application Link Barclays Retail/Premier + Account Opening Criteria – No minimum + Account Opening Criteria for Premier - £75k Salary + Account Opening Times - Account can be opened within 1 hour (Face to Face Only) + Company Reference Letter – template available upon request + Documentation –Application completed by Barclays Personal Banker or Premier Manager, Certified Passport, One Form of an Original Address Confirmation such as a Company Reference Letter (Company must be listed on the UK Border Agency )

Disclaimer: Please note that the above information has been provided as a guide and is subject to change. The content provided herein is for informational purposes only and does not constitute a recommendation and/or opinion. Neither Dwellworks nor any of its subsidiaries make any representations, express or implied as to the timeliness, accuracy or completeness of the information contained herein. Dwellworks expressly disclaims any liability for errors or omissions in such information.

© Dwellworks, LLC

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v. 2018