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Opening A UK Bank Account - Broke Student

  • 15-04-2018 11:02pm
    #1
    EntryDenied12
    Registered Users Posts: 68 ✭✭


    Hi lads, i'm going opening a bank account in Scotland but don't know where to start. I will be going to study in Scotland, Edinburgh.

    I need one to pay off my accommodation, and I don't know where I can transfer my money €5000 savings to pay off a large sum of money to a uk bank account!

    I really need some advise as I will be moving there and I would really hate to be constantly charged for changing euro to GBP especially with all the hard earned money I have to pay off my day to day living costs without any financial assistance, I really have to make savings which would benefit me in the future.

    I will be moving in September.
    Would appreciate if anyone has gone through this situation before, many thanks!


Comments

  • #2
    gustafo
    Registered Users, Registered Users 2 Posts: 1,759 ✭✭✭gustafo


    call ulster bank in northern ireland they will open a sterling account for you, i opened an account in newry a few years ago over the phone with a southern irish address no hastles at all. just had to bring a few documents into my local ulster bank and they sent them onto to newry, had the account opened within a few days with internet banking also.


  • #3
    Quackster
    Moderators, Regional South Moderators Posts: 5,826 Mod ✭✭✭✭Quackster


    EntryDenied12 wrote: »
    Hi lads, i'm going opening a bank account in Scotland but don't know where to start. I will be going to study in Scotland, Edinburgh.

    I need one to pay off my accommodation, and I don't know where I can transfer my money €5000 savings to pay off a large sum of money to a uk bank account!

    I really need some advise as I will be moving there and I would really hate to be constantly charged for changing euro to GBP especially with all the hard earned money I have to pay off my day to day living costs without any financial assistance, I really have to make savings which would benefit me in the future.

    I will be moving in September.
    Would appreciate if anyone has gone through this situation before, many thanks!

    Open a Revolut account. You can transfer euro from your Irish Bank account to it and convert into sterling (up to €5,000 a month without fees).

    You can then use Revolut in the UK as a sterling bank account until such time as you set up a current account in a bricks-and-mortar bank in Scotland.


  • #4
    TempAc
    Registered Users, Registered Users 2 Posts: 84 ✭✭TempAc


    Quackster wrote: »
    Open a Revolut account. You can transfer euro from your Irish Bank account to it and convert into sterling (up to €5,000 a month without fees).

    You can then use Revolut in the UK as a sterling bank account until such time as you set up a current account in a bricks-and-mortar bank in Scotland.
    Or, once you are situated in the UK, you can use the likes of Starling or Monzo and they will send you out a card like N26 does in the euro zone.


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