Best Bank in UK | How to open Bank Account in UK | DoiTNow - YouTube

we at the first time

when we come to UK from the India

if you want to spend money over here

else need to pay for the college

else

if we need to transfer money from India to UK

we need a bank account here

How can open that bank account?

what are the documents required for opening an account in the

and here you will have different over here

which one is the best bank?

for students or employees

about that I will give you a basic Idea

In this topic

so

let get into the video

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coming in to the topic

Best Banks In UK

In UK

There are one of the oldest banks in the world

the banks were established here in 1672

C.HOARE & Co.

it is still running

after this in 1690

BARCLAYS was established

and still I was running successfully

and after this in 1694

BANK OF ENGLAND was started

This is like RBI in our India

like that

we have Bank of England here

It will print the currency

and it will regulate all the banks over here

with that it will regulate the economy in UK

so Bank of England

and

In UK

there are almost three hundred banks here

and have forty five building societies

for these

they have around nine thousand branches

and

for them

they have seventy thousand ATM's

all over UK

here

we have four major bank groups

one is HSBC

BARCLAYS

LLOYDS Banking Group

and RBS

The Royal Bank of Scotland

these are the four major bank groups in UK

and over here

there are two types of banks

one is Physical Banking

another one is Online Banking

what is the physical bank over here

is we can go to the bank and deposit at the same time we can withdraw

we can bring ATM cards

and

one more thing

Online Banking

for them they don't have any physical banks

we can't deposit to these banks physically

so

It can only run through Online

we will have ATM cards

you will have online banking account

so

they are only running

if you want these

then you can create a physical account and then you can transfer through online

so there are two types

Physical banking and

Online banking

along with these

we have top banks over here

they are

BARCLAYS

HBSC

LLOYDS Banking Group

TSB

RBS The Royal Bank of Scotland

Nationwide

NatWest

HALIFAX

The Co-operative bank

Santander

also with these

here

there will be small banks like

TESCO

and

Sainsbury's

they are also here

and here

there are four major types of bank accounts

one

Current Account

Saving Account

Recurrent Deposit Account

and the fourth one

Fixed Deposit Account

Majorly Current Account and Saving Account is used

and here there are many types of banks

how to decide which one is the best bank

basically you have to remember four points

one

High security

Second

Free Overdraft

and

with low Interest rates

Third

Joining Bonuses

and Joining Incentives

also fourth point

High Interest Rates

for Saving Accounts

so with these basic four points

we can decide which one is the best banks

That means first High Security

High Security means

if we have done any fraud transactions

else if we lost ATM card

if someone uses our money from our card without our knowledge

some banks

will return that money

so

this can be considered as High Security Bank Accounts

and second one

Free Over Draft

Free Over Draft means if we have low money or if we don't have enough money then they can give extra money

so

either it may be 500 pounds or 1000 pounds

or least they will give maximum of 3000 pounds

for students they will provide up to 3000 pounds

also

with these

some of them give low interest rate

Overdraft

if we are having shortage of money

if we draw some money

with low interest

they will give it

and

Third one

Joining Bonuses

some banks give some joining bonus here

like 20 pound voucher

else 20 pound amazon voucher

else any other shopping voucher

else 100 pound amazon voucher

and some of them

gives free rail cards

for students they will give free rail cards

and

fourth one is

High Interest Rates

either some saving accounts or the current accounts

In some banks

if you have money in your banks then they will give you some interest

up to 5% interest

they will give the interest

from one to five percentage they will give the interest

so based on these four basic points we can decide which one is the best bank in UK

and in those

for students

according to the present offers the best bank is

first one is

Nationwide

coming to Nationwide

Upto 3000 pounds they will give the freeoverdraft

for that you have to apply that

and with those

if you have 1000 pounds in your bank then they will give one percent of Interest

they will give upto one percent of Interest

and

second one is

Santander

Santander 123 account

In this account

almost to us

approximately we will have 2000 pounds of overdraft

and

If you take account in this bank

if you are a student

you

you will get a rail card

you will get upto three years of free rail card

It's a worth of 90 pounds

so

you will get free rail card and you can take upto 2000 pounds overdraft

with them upto three percent

If we have money in our account

it will give the Interest

another

one LLOYDS

this bank also

almost up to 2000 pounds

they will give the overdraft

so depending upon your study duration

for how many years you are staying here

how many years you are gonna study

depending on that you will get the free overdraft

including with this

NatWest

else BARCLAYS

HSBC

they will give various offers for students

so

you

please go to the bank

and check which bank will give offers with the current affairs

take an account in that bank

and coming to the employees

according to my research

NatWest

BARCLAYS

HSBC

and RBS

these four will be the best banks

these are giving high Interest rates

according to your salary

and according to the money saved in your account

they will give a little high Interests

and coming to banks

how in India the bank works

In the same way works here

Basically the Indian bank system

was mostly adopted from England

the most bank in India runs like the banks in India

and

if you want open an account here, you need majorly three main documents

one

Passport

second

Address proof

third

BRP card

Passport means you can provide passport Xerox

and the second one

address proof

address proof means

you should provide the address proof of where you are staying now

for example if you are a student

In your college

after registration you will have your name and the address below

you can submit that

suppose if you are an employee

they will give you a contract

keep that join letter which will have the address in it

you will have your full address and your name and your date of birth in the joining letter

so you can submit

third one is BRP card

if you submit these three

you can immediately open an account

and

you can create the bank account in maximum of one day

and

within five to ten days working days

your ATM card

and

the PIN will be sent

and here

if any transaction happens

means for example if you draw 10pounds

or deposited 10 pounds

you will not get any alerts to you mobile

Like in India you won't get any alerts here

only after deposition there itself the bank

will give the bank statement and take that statement.

if you draw money then also you have a statement take that too

and

In the Online Banking

you can check frequently how much you have drawn and how much you have deposited

whether they deposited or not also

so

These are the basic things

the offers will be differed from year to year

we can't say that so

Once

I will give all the bank links below

In the description box

Please do verify it

whatever the bank you feel it's the best

open an account in that bank

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This is Naresh Thondepu

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