Accounts
Choosing an Account
It is useful to have an account before you start work/training/higher education or if you receive benefits payments. Try to decide what you want from your account in advance, eg. cheque book, credit card, no bank charges, longer opening hours, easy access to your money, telephone or internet banking. Look around and ask your own questions with the customer services section of a bank, building society or the Post Office. Check that there are no age limits. Look for any special offers or bonuses that you can get, eg. “Young Saver’s Account” – but beware of any restrictions or hidden rules.
Opening an Account
When you have decided which account and system suits your needs, contact the branch you wish to use. Ask further questions if you have any, then complete the application form and make your first payment. Remember that you will be asked for proof of identity and proof of address, if you are under 18, the branch may require your parent/ guardian to be with you. Different banks can have different policies for their accounts.
Using an Account
When writing a cheque:
• Use a pen/biro and write clearly
• Do not leave gaps between words/numbers
• If you make any alterations, initial them
• Fill in the stubs for your own record (it helps with budgeting)
Check your statement carefully – look out for charges and mistakes. Ask the branch if you have queries.
