Best UK banking for people from China working in UK
In the 12 months to July 2017 there were nearly a quarter of a million people living in the UK who were born in China but who are normally resident in England, Scotland, Wales or Northern Ireland.
Of these 226,000 people, 147,000 held Chinese nationality, a figure that includes those spending an extended period of time in the UK for studies or for work.
This puts China close to some of the UK’s nearest neighbours, including the Republic of Ireland, in terms of the number of Chinese people who live and work here – and of course it is essential that you should have good access to your own money and the usual banking facilities while you are in the UK.
But for those who are new to the UK – especially those who are still seeking work when they arrive here – a full bank account can be hard to get approved for, in particular if you do not have all of the paperwork with you that the banks want to see.
Advantages of a full current account
Holding a full current account – whether it’s with a high street bank or an online provider – gives you the freedom to spend your money in the ways you want to:
- Online money transfers
- Direct Debits for regular payments and bills
- Card and contactless payments in shops
- Cash withdrawals from ATMs
Together this lets you buy the things you need using the usually accepted methods, with the backup of cash in your pocket if you need it.
You can buy essentials like food and luxuries like cinema trips or games consoles for your UK home, spend on household bills or transfer money to friends if you need to.
All of this is made even easier with a powerful online money management dashboard like Arro Money, which means no waiting in line for transactions you can only carry out in a bank branch, or standing in the cold trying to pay bills and move money using an ATM.
How to get a current account fast when new to the UK
If you are a worker from China new to the UK bank account applications can be a slow and complicated process, as you may need to prove your identity, your reasons for being here, your right to work in the UK, and even your own employment and financial history back home.
The Arro Personal Account is different – unlike a bank account, Arro Money provide electronic money accounts with an entirely online application process that takes as little as three minutes to complete.
We offer guaranteed acceptance to all eligible applicants who are:
- Currently living in the UK (even if you only just arrived)
- Over 18 (just tell us your date of birth when you sign up)
- Eligible under our Fair Fit criteria (in case there is a reason why we can’t offer an account)
We always aim to accept everyone we possibly can, and there’s no need to send your passport to us, and no credit checks – just a simple automated online ID check that will not show on your credit file.
Still looking for work in the UK?
If you are a Chinese national looking for work in the UK, an Arro Personal Account is still an option, as you do not have to prove your employment status when you sign up.
This means you can open an account before you find work – and give your new employer your UK sort code and account number to pay your wages directly into your account whenever you do get a job in the UK.
If you are planning to start a business of your own, it might also be worth taking a look at the Arro Business Account, which is a great way to keep your professional finances separate from your personal spending.
Get an Arro Personal Account today
To get an Arro Personal Account in just three minutes, visit our signup page. You must have already arrived in the UK, as we need your current UK address, but we don’t expect any address history beyond even a single day.
We ask for:
- Your name.
- Your date of birth (to check you are over 18).
- Your address (to check you currently live in the UK).
- Some contact details (to send you your account details and Arro Money online dashboard login).
And that’s it – if you’re eligible we will confirm your new account immediately and send you your login so you can start setting up your UK money management and living with more financial freedom during your stay.