A major section of Indian students opt to study in the UK for their higher education, and if you want to study abroad you need to have a bank account in that country. Danske Bank Newry has many branches as it operates in the Nordic region (Finland, Switzerland, Denmark and Norway). It also operates across Ireland. It offers a scheme for accounts for young adults and students. Under this scheme students aged between 18-27 years and under 32 could easily get two accounts as well as one or two cards for online transactions that is without paying any fees. Thus, this scheme is specially formulated for young adults and students from across the world. Read this blog to get more details about opening a student account in Danske Bank Newry.
Must Read: Best Student Bank Account to Open for Study Abroad
About Danske Bank Newry
Danske Bank was founded in 1809 in Belfast by a group of merchants. This bank offers numerous services and one of the services for students is a postgraduate funding loan.
Danske Bank is a Danish banking organization with branches in numerous countries, including Northern Ireland, which includes Newry. Danske Bank offers personal banking, investments, mortgages, commercial banking, and other financial services.
Newry is a city in County Down, Northern Ireland. It is close to the Republic of Ireland’s border. Newry is well-known for its historical significance, having a rich legacy and a mix of architectural styles that represent its varied history. The city’s economy is growing, and it provides a variety of services and amenities to its citizens and international visitors.
The following table displays the key highlights of Danske Bank Newry:
| Name of the Bank | Danske Bank Newry |
| Location | 58 Hill St, Newry BT34 1AR, UK |
| Services offered | Personal Banking Mortgages Business Banking Currency exchange Online and mobile banking Investments Insurance Financial planning Loans and credits Students services |
| New Name | Northern Bank Limited |
| Official Website | https://danskebank.co.uk/about-us/about-us |
Types of Account in Danske Bank Newry
Mentioned below is the list of types of accounts in Danske Bank Newry:
- Danske Konto
- Danske Toprente (savings account)
- Accounts for young adults and students
- Konto i Norden (Nordic account)
- Danske Indlån
- Danske Freedom
Fee Information: Danske Freedom
If you are a student, a graduate or starting your career in a foreign land, then the Danske Freedom account will offer your flexibility as well as value.
Some key features of Danske Freedom are listed below:
- Contactless debit MasterCard.
- Allows you to make payments through smartphone and smartwatch.
- Discount on arrangement fee for a residential mortgage.
- You could avail better rates for standard fixed-rate personal loans.
- Get an interest-free overdraft facility of up to £3,000 with Danske Freedom. this account
Must Read: Tips To Save Money On Foreign Exchange While Studying Abroad
General Account Service
For the general account service following are the charges:
| Maintaining Account | No fee |
| Cheque Cancellation | £10 |
| Cheque payment | No fee |
Payments Excluding cards
Following are the payment services along with charges excluding card payment service:
| Standing order | No fees |
| Direct Debit | No fees |
| Sending money outside the UK | Euro transfers within the EEA: STANDARD TRANSFER In Branch-No fees Banking- No fees EXPRESS TRANSFER In Branch-£30 eBanking-£20 Other foreign currency transfers, including the euro outside the EEA STANDARD TRANSFER In Branch-£30 eBanking-£20 EXPRESS TRANSFER In Branch-£30 eBanking-£20 |
| Sending money within the UK | CHAPS- £30 Faster payments service options: Through third Party Providers using the Open Banking APIs- No fees Banking- No fee Mobile Banking-No fee Through Danske bank branch- £5 |
| Receiving money from outside UK | Incoming euro payment outside the EEA- £7 Incoming euro payment within the EEA- No fees Incoming payment in all other foreign currencies- £7 Incoming foreign payments from the account within the Danske Bank Group- No fees |
Must Read: How To Transfer Money From India To UK?
Services related to overdraft and its fees are given below:
| Allowing a payment despite a lack of funds | No fee |
| Arranged overdraft | No fee |
| Unarranged overdraft | No fee |
| Refusing a payment due to lack of funds | An unpaid transaction fee of £1.50 is charged. |
Cards and Cash
Card and cash payments and withdrawal fee:
| Debit card payment in pounds | No fee |
| Cash withdrawal in pounds in the UK | No fee |
| Debit card payment in a foreign currency | 2.75% |
| Cash withdrawal in foreign currency outside the UK | 2.75% |
Benefits of Banking with Danske Bank Newry
One of the major benefits of banking with Danske Bank Newry is that it is one of the oldest and most trusted banks. Being an international student you need to manage finance, look for currency exchange, study for loans with minimum interest rates, etc. Danske Bank Newry offers a facility to open an account for young adults and students.
- Under the service of Danske Bank Newry an international student can get either a salary account or a budget account.
- The bank will provide you at least one card like Visa/Dankort or Mastercard Direct for the salary account.
- For students, the bank has plain and simple advisory services.
- Danske Bank Newry offers multilingual customer service to Indian students.
- The bank offers cost-effective and efficient international money transfer services for international students i.e., you can save on cash conversion.
- Students who aspire to settle and work abroad could build their credit history if they have a student account in the local bank abroad.
- Danske Bank has online and mobile banking platforms which help Indian students to manage their accounts conveniently.
- Loan facility offered by the bank, especially postgraduate funding loan, helps international candidates to manage finances and the cost of living in a foreign land.
Must Read: All about Education Loan for Indian Students
Documents Required
To get your bank account opened in Danske Bank Newry, you need to have the following listed documents:
- Passport with a valid student visa
- Other photo IDs for proof such as a driver’s license or a university student’s card.
- Proof of enrollment in a particular university
- Residential proof which states the address
- The minimum amount of money to deposit.
- Contact details
How to open a Student account with Danske Bank Newry
Being an international student, it becomes a necessity to get an account in the local bank of the particular country in which you will study. For getting a student account opened with Danske Bank Newry, you need the go through the following steps:
- Visit the official website of the bank and if you fulfil all the basic criteria and have all the necessary documents, then, you can get a salary or budget account opened in Danske Bank Newry.
- Another method is to download the Danske Bank mobile application from the Google play store through the smartphone and easily get your account.
- Danske Bank has opened its own captive technology center in India known as Danske IT Services India Pvt Ltd.
- Lastly, you can visit the bank and they will assist you in opening your student account.
Must Read: UK Scholarships for Indian Students
FAQs
Ans. Danske Bank Newry is emphasizing increasing the investment in enhancing customer satisfaction and customer experience. Customer experience could be improved by digitalizing the platform and offering expert advice and financial counselling to the candidates.
Ans. Following are some of the objectives of Danske Bank Newry:
Support large and small changemakers
Helps people, businesses and society towards positive development.
Ans. There are two types of student accounts are there in Danske Bank Newry:
Salary Account
Budget Account
This was all about the Benefits of Opening an Account in Danske Bank Newry as an International Student. If you are looking to discuss anything which is related to student bank accounts or international money transfers, reach out to team fly.finance for help.
