If you don’t already have a bank account now might be a good time to think about getting one. It’s a safe way to keep track of your money and can even be used to save some of it! If you claim a 14-19 Bursary, student loan or benefits you’ll need a bank account. When you start work your wages will probably be paid straight into your account.
Some banks have high street branches but also offer online and telephone banking whilst others are completely online. There are lots of different types of accounts available including ones for younger customers and Higher Education Students. Each type of account will have its own feature. Banks have specialist advisers who can tell you all about this. Make sure you shop around for a bank and bank account that best suits your needs. To open an account you’ll need to fill in an application form and provide proof of who you are and where you live. This could be by showing your birth certificate, passport, medical card or an official letter with your name and address on it. The bank will tell you what they need to see.
With fraud on the increase it’s important to keep your bank details secure and be careful when shopping online. If your bank card is lost or stolen make sure you report this to your bank straightaway. You should also contact your bank if you notice anything suspicious on your bank statement or with the amount of money in your account. Your bank will be able to stop your account from being illegally used and in some cases may compensate you for any losses.
Only use a public computer to do your on line banking if you’re sure that the network is secure. Be careful about who you give your account details or pin number to. Don’t give out your bank details to anyone who contacts you claiming to be from your bank and never reply to emails that ask for your bank details.
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