How to open a bank account without proof of address

How to open a bank account without proof of address

Most UK banks require a proof of address to open an account, which can be tricky if you haven’t rented your permanent accommodation yet. Here are a few options to consider in such cases:

Digital Banks

Consider online neo-banks like Wise or Revolut. They often have more relaxed requirements for proof of address. In all the other aspects, digital banks offer perfectly valid UK bank accounts that you can use for paying your rent, receiving salary, and other matters. 

List of most popular online banks:

• Monese
  Offers quick account setup without a UK address or credit history, making it popular among expats.
  
• Revolut
  Provides current account services, international currency exchange, and innovative budgeting tools.
  
• Starling Bank
  A full-service digital bank with a focus on user-friendly, comprehensive banking services.
  
• Monzo
  Known for its excellent app experience and budgeting features.
  
• Wise* (formerly known as TransferWise)
  Offers a borderless account with low fees for international transfers.

*Side note regarding Wise:

Wise (formerly TransferWise) isn’t quite a bank itself; it’s a financial technology company that specialises in international money transfers and currency exchange. It offers banking-like services such as the multi-currency account and debit cards but does not have a banking license in the UK or offer the full suite of services typically associated with traditional banks, such as savings accounts, mortgages, or loans.

Wise is regulated by financial authorities (like the Financial Conduct Authority in the UK) and provides some financial services similar to banks, but its primary focus and most well-known feature is its currency exchange and international transfer services, which are typically more cost-effective and transparent than traditional banks. This distinction is why Wise is often categorized separately from traditional and digital banks.

Tip: at the moment of writing this guide, Wise and Revolut have been most flexible with their registration conditions. All you need is a proof of your residence in the country (e.g. BRP) and your current address (no official proof required). Like with most other online banks, Wise and Revolut allow you to issue yourself a plastic Visa card.