There are more people than you would think who have little or no proof of address, not to mention three months of address history. You could be new to the UK for…
There are more people than you would think who have little or no proof of address, not to mention three months of address history. You could be new to the UK for work or study reasons, lived with friends informally, been travelling or sofa surfed. If any of these scenarios apply to you, you will struggle to open a high street bank account.
You can open an account with Suits Me with no verified proof of address
To open an account to manage your finances otherwise known as a bank account, you now only need proof of ID using either a valid driving license, passport or National ID card. Modern online financial institutions can now help customers open a bank account with no proof of address. Technology has enabled this. Rather than proving your address, they prove it is you via face recognition to prevent fraud. Biometric recognition is part of everyday life for most smartphone users and the alternative banks now use this to the best effect when processing applications.
What else can you use as proof of address?
Mortgage statement from an EU/EEA bank with a UK physical address;
Electoral register search confirmation;
Your Universal Credit statements. These are valid for 12 months;
UK credit union statement. These are valid for 3 months;
Government agency letters;
HMRC letters;
HMRC tax notification. These are valid for 12 months;
Official HMRC documents: coding, statement, assessment, but not P45s or P60s;
Recent payslip with up-to-date address;
NHS card or official NHS Letter;
Blue disabled parking badges with address & DOB;
Prison governor or Probation officer letters;
Instrument of a court appointment (e.g., grant of probate);
UK Armed Forces ID Card;
Concessionary bus passes;
Mail redirection letter;
UCAS Form or Student Loan confirmation letter
Letter from university
Opening a personal account with no proof of address
There are several account providers in the UK, these institutions offer online current accounts to people who face barriers to opening a high street bank. If you have no verified proof of address this is a barrier for you too in opening a high street bank account. Suits Me offer many of the same features as a basic current account and more! Suits Me® gives cashback to their customers when they use their card in their partner retailer stores, credit £50 for each friend referred. Not to mention the multilingual customer care team is available 7 days per week.
What do customers say?
‘I desperately needed a bank account but didn’t have proof of address. Suits Me® helped me when no one else would. I can now make payments online and it is much easier to get my benefits’.
Dean Solihull
All you will need is proof of ID and access to the internet to open a new account, it takes a minute to open.
Summary
Suits Me® offer personal accounts for those with no proof of address. All you need is proof of ID and access to the internet to open an account. Your debit card will be sent to the address you used in your application and your account number ad sort code will be securely sent to you immediately.
Federal banking regulations require businesses to have a physical address to have a business bank account. Unfortunately, mailbox addresses, P.O. Boxes, and registered agent addresses don't count.
A letter from the warden of a homeless shelter, or from an employer if the customer is in work, should be sufficient evidence. A letter from the individual's probation officer, or a hostel manager, would normally be sufficient.
No interest or low interest: Traditionally, current accounts do not offer interest, and even if they do, the interest rates might not be as attractive as savings accounts. Minimum balance requirements: Some types of current accounts do have minimum balance requirements, failing which there could be penalties.
Current official document with your name and address
A utility bill, credit card statement, lease agreement or mortgage statement will all work to prove residency. If you've gone paperless, print a billing statement from your online account.
When it comes to opening a bank account, a similar process takes place with a system called ChexSystems. This is a tool that banks and credit unions use to see if you have a poor record with your accounts. This includes activity such as overdrafts, bounced checks, accounts you've opened and closed and more.
Requirements for opening a checking account generally include a valid, government-issued photo ID such as a driver's license, state ID or passport. You'll also need basic personal information, such as your birthdate, Social Security number, taxpayer identification number or phone number.
A virtual address or virtual office is like a subscription where a business pays a fee to have access to an address which they can list on their website and use for mail and banking purposes. As long as it is a genuine, accessible street address most banks will accept a virtual address for a business account.
She is a FINRA Series 7, 63, and 66 license holder. To open a checking account, you must provide government-issued identification with your photo, your Social Security card or Taxpayer Identification Number, and proof of your address.
While banks require your business address to be a physical address, your mailing address CAN be a mailbox address, or any address for that matter. The mailing address will be where all your statements and any mail correspondences would be sent to.
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Introduction: My name is Prof. Nancy Dach, I am a lively, joyous, courageous, lovely, tender, charming, open person who loves writing and wants to share my knowledge and understanding with you.
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