-
ID and verification expandable section
We will need to carry out identification and verification checks on you, as well as anyone else who will be authorised to operate your account.
In most cases you will only need to produce one of the following:
- a current UK photo driving licence
- passport from the United Kingdom
If you are an existing customer, you can use your existing bank card with Chip & Pin to verify your identity.
If you cannot provide one of the items above, you will need to bring two documents. You can find a full list of acceptable documents on ourProof of identity webpage.
If you do not have any of the items listed here we may be able to accept other items.Just ask a member of our branch staff or call us.
-
Personal Details expandable section
Preferred Title
For example, Mr, Mrs, Ms, MxSee AlsoWhat you need to open a checking account | Apply online | U.S. BankDo You Need a Social Security Card to Open a Bank Account?7 Tips for Safe Internet Banking in IndiaRegister for online banking | NationwideName
As well as any previous namesDate Of Birth
Gender
Marital Status
Nationality
Including any dual nationalities and Immigration Status For NonUK NationalsCountry of Birth
Tax Residence
Which countries you are a tax resident in, or have been in the last two years. A Tax Identification No (TIN) should be entered for each non UK tax residency -
Address Details expandable section
Current Home Address
Details of full current address inc PostcodeWhere address is BFPO (British Forces Post Office)
Service Number, Rank, Unit, Regiment, Operation Name (if applicable) and BFPO Number will be requiredWhen did you move to your current address
If you have lived in your current address for less than 3 years, you will also be asked to provide details of any previous addresses you've held during this periodResidential Status
-
Contact Details expandable section
Main phone number
Including Other phone numberEmail address
Marketing Preferences
Marketing opt in to specify marketing preference via (Email / SMS / Post / Phone) -
Income & Expenditure Details expandable section
Your total monthly income (after tax)
Will your monthly income be paid into this account?
How will you fund the account?
e.g. Bank Transfer, Electronic payments, Cash or ChequesHow will you use the account?
e.g. Bank Transfer, Electronic payments, Cash or ChequesEmployment status
If Employed (Occupation type, name of employer, start date). If self employed (Occupation type, company/ organisation name/ start date)Your total amount of savings
-
Overdraft requests (optional) expandable section
What Planned Overdraft limit would you like?
How many people who live with you depend on you financially?
Your monthly share of mortgage or rent payments
What do you spend each month on childcare, maintenance and education?
Are you aware of any upcoming changes in your circ*mstances?
-
Packaged Accounts (accounts where you pay a monthly fee and receive insurance benefits) expandable section
Do you already have travel insurance or another packaged bank account?
Do you need world wide travel insurance?
Are all account holders and family members below 80 years old and are all children under 18 years of age?
Do you need mobile phone insurance?
Do you need AA breakdown cover?
-
Switching expandable section
Do you want to switch?
Is this a sole account switch?
Existing bank details
inc Sort code, Account Number, Name of Account Holder, 16 digit debit card number and debit card expiry from old bankDo you have an overdraft at your old bank? - If yes then do you want to settle this?
Do you want SMS updates on your switch?
What is your switch date?
FAQs
What are the three questions Derek should get answers to prior to making a decision on which bank to choose? ›
Final answer: Derek should compare fees, interest rates, and convenience, including branch location, online banking, and ATM access when choosing a bank. He should also consider the bank's reputation to make an informed decision for his checking account needs.
When Marquis opened his account, he was told he would always earn 5% interest.? ›The $200 required to earn interest in Marquis's account is best referred to as the 'principal deposit. ' It is the base amount used to calculate interest earnings, as demonstrated by a $100 deposit earning $15 in simple interest over three years at a 5% interest rate.
How much do I have to keep in my account to avoid fees? ›Most traditional banks require you to maintain a minimum account balance to avoid monthly service charges. These typically range from $100 to $2,500, though most are much closer to the lower end.
What is the minimum amount of money to open a bank account? ›Be Prepared to Make a Deposit
Banks usually require a checking or savings account be opened with between $25 and $100.
- Investigative. Asking “why?” and “how come?” will allow you to dig deeper and generate non-obvious information. ...
- Speculative. These questions help you consider a problem more broadly and come up with creative solutions. ...
- Productive. ...
- Interpretive. ...
- Subjective.
Clarify= Clearly identify the decision to be made or the problem to be solved. Consider=Think about the possible choices and what would happen for each choice. Think about the positive and negative consequences for each choice. Choose=Choose the best choice!
When Juan deposits $5000 into his savings account for one year at 5% interest What is the total amount at the end of the year? ›To find our total value at the end of the year, we multiply 5,000 * 1.05 = 5,250. f(1) = 5000(1.05)=5,250.
Why is it important to draw a line up to the word "dollars" when writing? ›Write out the amount, then draw a line after the words to fill the remaining space. This can help prevent anyone from adding additional words. Use clear, legible handwriting to avoid confusion when writing in the check amount. After the dollar amount, add the word dollars to help clarify the amount.
What is another word meaning to balance your check account? ›Balancing your checkbook, which is also known as reconciling your account, is basically about making sure that the records you have kept for your financial transactions match those the bank lists on your statement.
Can I have 0 dollars in my savings account? ›In a lot of cases, those fees will be waived once you meet a minimum balance requirement. But if your savings account gets down to $0, then you may start getting charged fees by your bank.
How much should you have saved by 30? ›
If you're looking for a ballpark figure, Taylor Kovar, certified financial planner and CEO of Kovar Wealth Management says, “By age 30, a good rule of thumb is to aim to have saved the equivalent of your annual salary. Let's say you're earning $50,000 a year. By 30, it would be beneficial to have $50,000 saved.
Can a bank take your money for inactivity? ›The bank may be trying to alert you that your account is inactive. If the account remains inactive, it may be classified as abandoned, and your funds may be turned over to the state. This practice may also be referred to as escheatment.
What is the highest ATM fee? ›Depending on where you live, you may be spending more than $5 to access cash. The average ATM fee is highest in Atlanta, where people can pay $5.33 to withdraw cash at an out-of-network machine, according to Bankrate's survey. The average withdrawal fee also topped $5 in San Diego, Phoenix, Detroit and Cleveland.
How much money can you put in a bank without? ›Depositing a big amount of cash that is $10,000 or more means your bank or credit union will report it to the federal government. The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress in 1970, and adjusted with the Patriot Act in 2002.
What does a CD account stand for? ›A certificate of deposit, or CD, is a type of savings account offered by banks and credit unions. You generally agree to keep your money in the CD without taking a withdrawal for a specified length of time. Withdrawing money early means paying a penalty fee to the bank.
What are three questions you should get answers to prior to making a decision on which bank to choose? ›- What are the bank's fees? ...
- Where are the bank's ATMs? ...
- Is there a minimum balance required? ...
- What's the accounts' interest rate? ...
- Does the bank have good customer service?
- Step 1: Identify the decision.
- Step 2: Gather relevant information.
- Step 3: Identify the alternatives.
What is my legal authorisation to make this decision? Is it equitable? Is it transparent?
What were the three questions in the chapter three questions? ›These three things were: What is the right time to begin something? Which people should he listen to? What is the most important thing for him to do? The king, therefore, sent messengers throughout his kingdom, promising a large sum of money to anyone who would answer these three questions.