FINANCE, BANKS and MONEY:
No one resource can promise to tell you all you need to know. But click on the links below and we'll try.
The following points are worth remembering:
- Make sure you know the value of the money you have and the prices you are asked to pay. We have provided a currency converter for this purpose
- It is not so hard to set up a deposit account with a bank. Your employer should help you. It will have only basic facilities and no credit. But your money will be safe. And the bank will help you to pay bills electronically
- If you pass a series of checks you will be able to set up a current account with many facilities
- Most banks will let you do online banking
- If you have no bank account you can still easily transfer funds to another country through Western Union , the Post Office, or Thomas Cook
- Most foreign countries have a bank in the UK
- You should be paid when you are in training, when you are sick, and for 4 weeks of holidays a year
- When you start work in the UK you must get a National Insurance Number (NINo) and a tax code (maybe a temporary code which will change)
- Your temporary tax code will decide how much tax you pay. If it is too much, you will get it back later
- Try not to get into financial trouble. It can take 6 years to lose a bad credit record!
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