Account 101

Open an Account Online

Everything You Need to Know about Opening an Account Online – The reasons why you need one, what you will need, what types of accounts and what is included. Accounts Online are…

a man creating an account online using his phone and his laptop

Everything You Need to Know about Opening an Account Online – The reasons why you need one, what you will need, what types of accounts and what is included.

Accounts Online are the new normal

There isn’t a bank in the UK now, where you can’t open an account online.  All banks offer this service to new customers.  It is standard, as many banks close branches every month.  However, not every bank has the same process to apply for an account.

Depending on your reasons for opening an account you may find the process of applying for an account online not as easy as you would hope. Particularly if you have:

  • Have poor credit
  • Are entering into an IVA or Debt Management Plan
  • Want a no-credit check bank
  • Don’t have 3 months’ proof of address
  • Don’t have a fixed address or,
  • Don’t have a photo ID.

A bank switch with a high street bank can be difficult if any of the above affect you.

What you will need to open a bank account online.

The quickest and easiest way to open an account is with a Photo ID.  This could be a Passport, a Full Driving License, a National ID Card, or a PASS Card.

If you don’t have a Photo ID you can still get open an account online with Suits Me®.

You will need the following:

List of all the ID types for the Non ID account

What is the easiest bank account to open?

It depends.  If easy to you means using Photo ID, there are lots of options.  If easy to you means quick and I don’t have Photo ID or want a credit check, Suits Me® are the preferred option for thousands of UK residents.

The online application form has 4 easy steps:

  1. Enter your personal details
  2. Choose which type of ID you have
  3. Upload your chose ID
  4. Submit application

Once you have completed the above steps you will have instant access to a UK account with sort code and account number, an easy to use App to manage your account ongoing and a contactless Mastercard ®.

What types of Accounts are available online?

Basic Bank Account – this is a simple account with limited features.  If you simply want to deposit money into your account through either wages or benefits and take out via ATM or bank transfer, a Basic bank account will be a good choice.

Current Account – this is one of the most popular types of accounts.  These accounts enable direct debits, standing orders, faster payments and transfers, often overdrafts are available too.  There a credit search undertaken by the bank for these types of accounts and you will need to prove bother your identity and provide 3 months proof of address.

Rewards Accountthese accounts have a monthly charge, typically £5 per month.  It is important to also note to be eligible for many rewards accounts there are lots of conditions such as minimum deposits each month and direct debits set up.  Rewards can be insurance cover,  

Savings Account – this is an account that allows you to deposit money and earn interest.  They are not designed to be used for day-to-day spending but for regular deposits.  Interest rates vary by bank, so it is important to research the best deal and understand the terms of use Student Account is a popular account for those in higher education.  Many banks offer deals for overdrafts and switch incentives.  Be wary of entering into overdraft debt as even though the interest may be lower or 0%, you will still have to pay the debt back

The Suits Me® product range

Premium Plus

Best for main account

Our Premium Plus Account is perfect to use as your primary account for accessing wages or funds and making electronic transactions. You can set up regular Standing Orders and Direct Debits to stay in control of your money.

  • Contactless debit card FREE
  • ATM withdrawals (UK) 4x FREE
    Europe: £1.25 plus 2.35% of the transaction value
    International: £2.50 plus 2.57% of the transaction value
  • Account top up FREE
  • Cash top-up £0.80 + 2.6%
    At any UK PayPoint
  • VIP queue jump for multilingual customer support FREE
  • Mobile app FREE
  • Cashback FREE
  • Online money account FREE

Premium

Best for intermediate use

 Our Premium Account is great if you would like a separate account for your funds with a limited number of transaction requirements but require direct debits to be set up.

  • Contactless debit card FREE
  • ATM withdrawals (UK) £1.25
    Europe: £1.25 plus 2.35% of the transaction value
    International: £2.50 plus 2.57% of the transaction value
  • Account top up FREE
  • Cash top-up £1.29 + 2.6%
    At any UK PayPoint
  • Multilingual customer support FREE
  • Mobile app FREE
  • Cashback FREE
  • Online money account FREE

Pay As You Go

Although this is the most flexible account, it is the most expensive for incurring fees.  It is most suitable for customers who need a Suits Me® account for occasional use.

  • A one-off activation fee of £5.00 is needed to start using your account.
  • Contactless debit card FREE
  • ATM withdrawals (UK) £1.50
    Europe: £1.50 plus 2% of the transaction value
    International: £2.50 plus 2% of the transaction value
  • Account top up £1.25
  • Cash top-up £2.30 + 2.6%
    At any UK PayPoint
  • Multilingual customer support FREE
  • Mobile app FREE
  • Cashback FREE
  • Online money account FREE

It’s easy to open a
Suits Me® account

1

Choose an account to open

Let's figure out the best account for you

Selfie and ID 2

Just 10 Mins and a selfie to open your account

All we need is your completed application and your ID to get you up and running

3

3 Ways to manage your finances

A free contactless Mastercard® debit card and access to an online account and mobile app.