International students should open a bank account as soon as possible after they arrive in Manchester.

It can often take two or more weeks for an Internet account to be set up properly.

Types of bank account

Current account

This type of account normally comes with a cash card, which you can use to withdraw money from cashpoints (ATMs) up to a daily maximum limit.

Cashpoints are usually accessible 24 hours a day and located on the walls of banks and in some shops.

If you use the cash machine of a different bank you may be charged for taking money out. The machine will warn you if this is the case.

A current account is important because it allows you to set up a regular payment, normally called a direct debit. Your tuition and accommodation fees are usually paid as direct debits.

Other bills, such as mobile phone bills, are usually directly debited from your account.

Savings account

It is a good idea to open a savings account if you intend to keep a lot of money in your account without withdrawing it regularly. 

You will receive a higher interest payment from the bank if you keep money in a savings account. The money may not be as accessible and you should check carefully the method for moving or withdrawing your money. 

You will not be able to setup a direct debit from a savings account.