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Tips for opening a bank account in London

Opening a bank account in London has become less of a hassle due to the introduction of online banking. A number of banks now offer completely new accounts that can be operated online. What’s more, to open the account most will only require you to deposit a single pound. The pound is used to create the account after which you can deposit money, either through online access or by calling the local branch.

Online Banking

Online banking refers to transactions being carried out online rather than at the traditional brick-and-mortar bank. While this does not mean that you will be restricted to transacting online, it does remove the inconvenience of forming queues and also features the widely popular paperless banking. Moreover, online banking services through an online bank account can be conveniently transacted through your phone.

Requirements of the Account

For you to be eligible to open an account you have to be at least 18 years of age. Moreover, you will be required to have a current account with a UK bank. If you are new to the banking process, you may require a letter of recommendation before proceeding with opening a new account.

How to Open the Account

As with all bank accounts, it is important that you follow the proper opening procedure so as to ensure that the account is fully active. If you want to open a new bank account, all you have to do is provide proof of age, i.e. identification, as well as proof of address. With such simple processes, opening a bank account in London has become a very easy procedure.

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