Bank Account with ARC
The most welcoming banks are Lloyds and Halifax. If refused — try a different branch.
To open an account you need: ARC (original) + proof of address (a GP letter — valid for 1 month).
Why you need an account:
- Contactless card for payments
- Free cash deposits at branches
- Building a credit history (needed for renting and credit purchases)
Halifax: register at apply.halifax-online.co.uk, then visit a branch.
Also suitable: Monzo, Revolut, Starling — more flexible with documents, can be opened online.
ASPEN Card
Weekly allowance for asylum seekers under Section 95:
- £49.18 per family member
- Additional £9.95 for children in hotels
- +£5.25 for pregnant women, +£9.50 for children under 1, +£5.25 for children aged 1–3
- The card works for shop purchases and cash withdrawals
Types of Bank Accounts
- Current Account — everyday account
- Savings Account — for saving
- Basic Bank Account — basic (no credit check)
- Joint Account — shared account
Credit Score
Even with a basic account, your credit history starts building. To check: Experian, Equifax, ClearScore (free).
A good score is needed for renting, loans, and mobile contracts.
Financial Tips
- Build an emergency fund (3 months of expenses)
- Keep a budget — track income and spending
- Open an ISA (Individual Savings Account) — up to £20,000/year tax-free
- Help to Save: the government adds 50p for every £1 you save