Bank accounts
People need bank accounts for many reasons - salaries and benefits can be paid in, you can pay bills, and some accounts give you interest on your balance helping your money to grow.
There are many different types of account available and you have to make sure that you choose the one that is most suitable for you. There are:
Each account will send you regular statements so that you can check what has come in and gone out of your account, as well as looking at interest that has been paid and charges that have been applied. It is important to check these statements to make sure that you are happy about how your account is running.
Some accounts will allow you to borrow money and if so, you need to understand how much interest you will pay, and how often, on any such borrowing.
Many Accounts will now allow you access to online banking and telephone banking these can be easy and cheap ways to keep on top of your finances.
Click on this link for information on the identification you will need when opening a bank account.
