Caution: This blog post contains affiliate links and I earn some referral bonus as well by making use of it/them.
For new international students that are new in the UK, the process of opening a bank account can be a daunting task, with many traditional banks requiring a lot of documentation and having complex application processes. However, with the rise of online banks, opening an account has become much easier. In this article, we will take a closer look at some of the best online banks for new international students and Gen-Z in the UK that are easy to open an account with minimal requirements.
First on our list is the Monzo Bank, which is known for its user-friendly app and easy account opening process. Monzo allows you to open an account online in minutes and all you need is a valid passport or national ID and your address information. Monzo also doesn’t charge any fees on your account, whether you’re in the UK or abroad, which can help you save money. Additionally, Monzo offers a wide range of features such as instant notifications, budgeting tools, and savings pots to help you manage your finances effectively.
Another great option for international students and Gen-Z is the Revolut bank. Revolut offers easy account opening process and all you need is your passport or ID and proof of address. It also offers a variety of account options that cater to different needs and budgets. Revolut also provides a great exchange rate, low fees, and a wide range of features such as instant notifications, budgeting tools, and savings pots.
Revolut also offers travel insurance and global medical coverage options which can be helpful when traveling. It also offers you the ability to open additional accounts in other currencies and you can easily exchange currencies, you can also trade in cryptocurrencies on their platform if so wish. You can a free £50 invitation bonus if you use my referral link, click here now.
Next on the list is the Starling Bank, which allows you to open an account online in minutes and all you need is your passport, ID, and proof of address. Starling Bank also offers a range of features such as instant notifications, budgeting tools, and savings pots. Additionally, Starling also offers interest on your account balance, which can help you earn some extra cash.
Lastly, the Monese bank is another good option for international students and Gen-Z in the UK. The account opening process is simple and can be done online in minutes. Monese also offers a range of features such as instant notifications, budgeting tools, and savings pots, as well as a wide range of debit card options that can be used in many different countries.
So, when it comes to the best online banks for new international students and Gen-Z in the UK, easy account opening process and minimal requirements are key factors. All of the banks mentioned in this article offer these features, making them great options for international students and Gen-Z. It is important to compare the different options and see which bank suits your needs best, and also to read reviews from other customers.
One thing you will want to do as an international student is to hit the ground running and not be limited by many documentation required by most traditional banks which you may not be able to provide when you arrive newly in the UK.
Useful Links to Sign-up
Join Monese and get up to £30 once you start spending! Just enter my invite code when you sign up: OLANR485. Download the app here: https://www.mone.se/7vQs/
Join me and over 20 million users who love Revolut. Sign up with my link below: https://revolut.com/referral/
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