1. Banking information and money matters

2. Banking information: How to open a bank account in the UK

3. Why do you need a UK bank account? To set up a Direct Debit if you want to pay your fees or accommodation by instalments Safety and security for your money Extending your visa

4. Main banks near the Campus Barclays www.barclays.comwww.barclays.com HSBC www.hsbc.co.ukwww.hsbc.co.uk Lloyds TSB www.lloydstsbgroup.co.ukwww.lloydstsbgroup.co.uk Nat-West www.natwest.comwww.natwest.com Royal Bank of Scotland www.rbs.co.ukwww.rbs.co.uk Branches of international banks in or around Manchester include: Bank of China www.bocukltd.co.ukwww.bocukltd.co.uk State Bank of India www.sbilondon.comwww.sbilondon.com

5. University Place Precinct Centre [RBOS + Nat West] Grove House & Whitworth Park [Barclays, Lloyds TSB, HSBC] Barclays HSBC Nat West Location of main banks near campus Nat West

6. Things to consider Branches closest to campus will have staff who best understand your needs Read publicity material carefully (eg ‘student’ accounts may only apply to UK/EU residents) Most banks open Monday to Friday during business hours. Some may be open on Saturday mornings Some of the campus banks are represented at the Services Fair for International Students and at registration in the Whitworth Hall during Fresher’s Week.

7. Types of Account Each bank offers different services Specific bank services for international students (eg no overdraft facility) Choice of accounts Check with individual banks for specific needs (eg sharia-approved accounts or US dollar accounts)

8. Types of Account The University has prepared a document summarising the various bank accounts available from the Campus Banks. For more information please see: http://www.studentnet.manchester. ac.uk/crucial-guide/financial- life/bank-accounts/

9. What is required to open an account? Need to prove who you are your passport Need to prove where you live Proof of one or both of the following addresses may be required –Home address – copy of unconditional offer letter (not a PO box or agent’s address) –Term time address - copy of University accommodation contract

10. If you do not have proof of your address The University can help you if you have lost or forgotten your proof of address documents. You can attend a number of our swipe card issue venues to obtain a bank letter confirming your details.

11. Services Fair for International Students Representatives from a number of banks will be happy to answer your questions at the Services Fair for International Students: 1pm-5pm Friday 18 September 10am-4pm Saturday 19 September Location: University Place Concourse

12. Top Tips You are the customer so choose the bank that suits YOUR needs If there are monthly fees for additional services consider whether you really need them Check carefully what a bank requires to open an account – it will save you time. Choose paper statements that are issued monthly as you will need these for your visa extension applications. (Internet printouts from online accounts will not be accepted.)

13. Security Tips Don’t carry large amounts of cash with you Don’t use cash points (ATMs) late at night Guard your PIN carefully Don’t lend your card to anyone If you use internet banking, be careful when accessing your account in public clusters of PCs

14. Terminology ‘telephone banking’ ‘internet/online banking’ ‘current account’‘savings account’ ‘interest’‘exchange rate’ ‘debit card’ ‘credit card’ ‘deposit’‘withdraw’ ‘overdrawn’‘overdraft’ ‘direct debit’ ‘standing order’ ’clearing a cheque’ ‘cashpoint’ ‘ATM’ ‘chip and pin’ ‘branch’ ‘sort code’

15. Useful websites For more information, tips and terminology about banks see: www.ukstudentlife.com/Life/Money.htm Exchange rates - to find the current value of pounds in your currency www.xe.com Compare current account interest rates www.moneyextra.com/compare/current www.moneyextra.com/compare/current

16. Money matters: Tools and tips

17. International Student Calculator To help you plan, budget and manage your money during your studies in the UK see www.studentcalculator.org.uk/international

20. Quick Quiz - Question 1 1.What is the minimum wage an employer can pay someone aged 18-21? a)£4.77 per hour b)£2.95 per hour c)£5.73 per hour

21. Quick Quiz - Question 2 2.How much do students spend on food shopping per week on average? a)£15.20 b)£43.73 c)£29.52

22. Quick Quiz - Question 3 3.How much is loaf of bread? a)£2-£3 b)20p-50p c)80p-£1.35

23. Quick Quiz - Question 4 4.How much is a pint of milk? a)10p-25p b)40p-80p c)£1

24. Quick Quiz - Question 5 5.How much does a colour television licence cost for a year? a)£59.00 b)£142.50 c)£235.00

25. Useful Budgeting Tips Keep a record of your income and expenditure (everything you spend). This will help you see where your money goes Use internet calls like Skype www.skype.com/intl/en-gbwww.skype.com/intl/en-gb If you get a mobile phone, think about how much you will use it and find the best deal. (If you get a contract, you will need a bank account) You can usually pay monthly household bills using Direct Debit from a UK account Save energy costs by: drawing curtains, have heating on a timer, have showers not baths Get cheaper haircuts and colours by going to one of the city’s hairdressing training academies or going to the Students’ Union If you are having financial difficulties (eg problems paying your fees) contact the Student Financial Team in the Student Services Centre, as soon as possible, so they can help you. Ask for help. Don’t struggle on your own.

26. Useful websites UNIAID - a charity providing student-focused finance information www.uniaid.org.uk UNIAID International Student Calculator www.studentcalculator.org.uk/international The UK Council for International Student Affairs www.ukcisa.org.ukk/student/information_sheets.php National Union of Students – ‘NUS Extra’ discount card www.nus.org.uk Skype internet calls www.skype.com/intl/en-gb University of Manchester Crucial Guide Live www.studentnet.manchester.ac.uk/crucial-guide

27. Thank You! Any questions? www.manchester.ac.uk/ international/orientation