You may already have a bank account at home or be suspicious of banks in general. However, an important step to consider when coming to the UK is to open a bank account here. It can be confusing and there are many things to consider and learn. This section of the module looks at banking and bank accounts in-depth to help you choose.
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How many terms were you already familiar with? Some further aspects of UK banking to be aware of are the use of contactless and chip & pin. This is where you use your bank card to make a payment; providing you have adequate funds available. Look for this symbol in stores. Contactless is for £100 and under Whereas chip & pin can be used up to a limit set by your bank.
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IMPORTANT POINTS TO NOTE
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Another important point to be aware of is your safety when using the cash line or ATM. Here are some top tips to help keep your money secure. Please also be wary when using your card or details online. Take a look at this guide by The Money Helper Service for their tips.
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