Banking in the UK

Bank accounts are more difficult to get in the UK than any of my experiences in the US. Even to be added as a joint holder of a long standing account, you’ll need bank references from the US, or wait to have been resident for a few years, but each bank is different.

Finances & Money

The official currency in the UK is the British Pound Sterling (GBP), and is decimal based like the dollar, there are 100 pence in a pound. The coins are 1p, 2p, 5p, 10p, 20p, 50p, £1, £2. The notes are in demonations of £5, £10, £20, and £50. You won’t often see the larger notes any more to combat loss to counterfeits.

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UK Yankee is a resource and community for expatriate Americans living in or planning to move to the UK, established in 1999. Please join the discussions in our friendly expat community.