Bank accounts
A bank account can make it easier to manage your money, receive payments like wages and benefits, and pay bills.
Basic bank accounts
Many banks offer fee-free basic bank accounts. If you've got a low credit rating or don't yet have a credit history, a basic account is a good place to start.
Money Helper has lots of advice on how to choose and open a bank account.
Credit unions
Credit unions are a bit like banks, but they are owned and managed by their members. They are run on a not-for-profit basis, and can be an affordable option for loans. Money Helper has advice on borrowing money from a credit union.
Identification needed to open a bank account
Most banks will ask for a driving licence or passport to prove your identity – or a photo if you’re applying online.
If you don’t have these, they may accept other recent documents (typically under three months old) such as a:
- Council tax bill
- Utility bill, like gas or electricity
- Bank or building society statement
- Credit card statement
- HMRC letter or tax statement
- Mortgage statement
- Tenancy agreement
- Benefit or state pension statement
- Letter from your employer, college or training provider.
It’s also worth registering to vote, as some banks check the electoral register.
