Lloyds International Student Account in UK

When living away from your hometown to pursue higher education, one of the most important things is having a bank account. It offers you financial independence to bear all your expenses, such as food, drink, study essentials, etc. Founded way back in 1765, Lloyds International Student Account is one of the leading international student accounts in the UK, offering a range of benefits and services to help international students manage their finances while studying in the UK. Continue reading to know more about Lloyds International Student Account in the UK.

Must Read: A Comprehensive Guide to Opening International Student Bank Account in UK 

About Lloyds International Student Account

International Student Account is designed to make financial management easier for you while studying abroad. The Lloyds International Student Account is simple and low-cost as it offers many benefits, including free online banking and a Visa debit card. In addition to this, you also get access to a range of discounts and offers, making it even easier to save money on everyday items.

The account also comes with an attractive interest rate, meaning you can make the most of your money while studying in the UK. Plus, you can get your money sent to you quickly and securely – so you can access it whenever you need it.

Also Read: What is Multi-Currency Account and How is it Helpful to Students Aiming to Study Abroad. 

Eligibility Requirements

You are required to qualify for a few eligibility requirements for opening an Account. 

• You must be an international student studying in the UK
• You must have a UK address
• It would be best if you were aged 18+ years old.

How to Open Llyods International Student Account?

To apply for or to open Lloyds international student account, you must follow the bank’s official website for updated information. The application process is quite simple, and you must apply to open an account online or in person at a local branch. You will need to provide valid identification and proof of address.

Must Read: Understanding the Education Loan Application Process

Required Documents

To become eligible for opening an account, you are required to submit the list of documents mentioned below; 

• You must have a letter from UCAS or college proving you have a place on the course. 
• To open an account, you must provide valid identification such as a passport, visa, or national identity card. 
• Additionally, you must provide proof of address, such as a utility bill, bank statement, or tenancy agreement.

Also Read: What is UCAS?

Benefits of Lloyds international student bank account

The bank offers a range of benefits and services to help international students manage their finances while studying in the UK. These include:

• The LIS Account offers zero-fee international payments, meaning you won’t have to worry about hefty transfer fees when sending money abroad.
• The Lloyds International Student Account provides payment protection, so you can be sure your money is safe.
• The account also provides access to various financial services, such as budgeting tools and online banking.
• You can manage your finances on the go with the Lloyds International Student Account’s mobile banking app.

Fees

One major aspect that most people worry about when opening a bank account is fees and additional charges. If you plan to open Lloyds International Students Account, here is the important information about charges and fees. The Lloyds International Student Account does not charge fees for opening or maintaining an account. However, there are fees associated with certain services, such as international payments and cash withdrawals.

FAQs 

Are you planning to pursue higher education abroad and worried about bank accounts? Get in touch with the team of experts at Fly. Finance to be better guided for the application!