Discovering the UK 2022

Payment Methods Most payments in shops, restaurants, and petrol stations are made by debit or credit card. Contactless payments go up to a £100 limit and thereafter you will have to enter your PIN number. Cash is also accepted by is less common. ATMs and Debit Cards Almost all banks have ATMs (cash machines) through which you can withdraw cash (sterling only) using your PIN. (Note some cash machines charge a fee for withdrawal). Provided your debit card bears the Visa or MasterCard symbol, you will be able to use it in virtually any machine. However, to arrange cash transfers and standing orders/direct debits you will need to go into your own bank or use online banking. You can use your credit card to withdraw cash out but this will incur a significant fee . Helpful Hint: When paying for goods in a supermarket or convenience store with a debit card and pin number, it is often possible to request up to £50 “cash back” rather than having to withdraw money from an ATM or bank. Credit Cards The major international credit and charge cards are widely accepted for goods and services. Debit cards are also popular. Many expatriates have experienced difficulties in obtaining a credit card in the U.K. when they first arrive and this is because they do not have any credit history. Almost all providers have a credit scoring system and newly arrived foreign nationals may find they do not score enough points. Credit History Banks require proof of identity and references to open an account, which is needed to establish a credit rating. We recommend asking your home country bank for a letter of reference before departure. Alternatively, your employers may help with an introduction. Bringing copies of your home country bank statements can make this process easier.

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Discovering the U.K.