Wednesday, September 1, 2010

How to Get a UK Bank Account from Canada or America

As many teachers and teaching assistants are well aware, banking in the UK can be quite a challenge for Canadians & Americans when they make the move “across the pond.” They need to have bank accounts set-up right away to deal with rental payments, deposits for teachers' salaries, etc.

I highly recommend doing your very best to arrange banking before you plan to transfer to the UK. It just makes your life easier when you arrive and is one less thing to worry about. You want to focus your energies on learning how to be the best dang teacher in London right?

Luckily for all of our teachers, Classroom Canada & Classroom America have long partnered with Lloyds TSB International (part of the UK’s largest retail Bank) to help our teachers set-up bank accounts while still abroad.

Here are the details:
Premier International Account
International banking made easy
Key benefits
  • 4% (1% AER) introductory interest rate* – for up to 3 months only.
  • No monthly fee* – on balances over £2500 / €2500 / US$3500. If your balance falls below these minimum levels, for that month a fee of £20 will apply.
  • Worldwide family travel insurance* – for travel together or alone.
  • Concierge Service* – 24/7 phone-based assistance worldwide.
  • Choice of Sterling, Euro & US dollar accounts – save on foreign exchange and currency fluctuation.
  • Visa debit cards to use worldwide – save on cash withdrawal fees.
  • 24/7 Internet Banking and Phonebank.
  • Discounts and offers * — 35% off Priority Pass airport lounge access membership, 50% off International Mortgage Service arrangement fees when you hold over £100,000 with Lloyds TSB International.
  • Sterling cheque book, extra flexibility if you have a sterling account.
* Speak to Lloyd's in Los Angeles for further details and conditions on these special offers. Call them directly on (+1) 213 443 4094  and be sure to tell them that Classroom Canada sent you. 

So, are you eligible…?

The Premier International Account could be for you if you're eligible to apply —
All existing customers of Lloyds Banking Group can apply for this account. If you're a new customer, you need a gross annual income of £50,000 or currency equivalent, or over £25,000 or currency equivalent to invest with Lloyds TSB International within 3 months of opening your account.
Resources for Teaching in London

Classroom Canada website
Guide to Teaching in London: A Survival Guide for Canadians ebook
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Canadians & Americans in the UK blog

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