Managing Your Money – After Arrival
Student bank accounts
It is important to be able to access money while studying as an international student.
- Most banks in the UK offer a student account and the services they provide are very similar.
- However, it is still important to research the different accounts available to find one that best suits your needs.
- A number of high street banks in the UK offer an account specifically for international students.
- The British Bankers' Association has a helpful guide on opening a bank account for international students.
Accommodation and living costs will depend on where in the UK you have chosen to study, but will range from £5,000 to £8,000 per year.
Some of the general costs include:
- £25 to £30 – a typical weekly food bill.
- £19.30 – seven day Oyster travel card on the London underground, Docklands Light Railway and London Overground (includes 30% student discount).
- £6.55 – peak hour cinema ticket (but there are super saver tickets available at other times).
- £5 – English breakfast at a café or pub.
- £2.80 – premium take-away sandwich.
Always look out for student discounts and check websites such as lastminute.com for cheap deals.
- An International Student Identity Card (ISIC) also offers up to 40,000 discounts worldwide.
- Travel in the UK is expensive and a 16–25 Rail Card is a good investment but a Young Persons Coach Card is cheaper.
Next page: Student Jobs