Since you don’t have any cashless options like a credit or debit card, carrying some cash will be essential for your initial days in the UK as a student. Here’s a guide to planning and navigating this situation:
Planning Your Cash Needs:
Initial Expenses: Estimate your immediate expenses upon arrival, including airport transfers, transportation to your accommodation and basic groceries.
First Week Needs: Factor in potential costs for food, local travel and any unforeseen circumstances during your first week.
Consider Opening a Bank Account: Opening a UK student bank account as soon as possible is crucial. This will allow you to receive funds electronically and start using a debit card for most transactions.
How Much Cash to Carry?
Limited Amount: While there’s no exact figure, if you are carry a big sum (over GBP 10,000) of money you will have to declare it to the border control (UK custom) when you arrive UK and you also may have so the proof of resource.
Recommends: Prioritise carrying a limited amount of cash for safety reasons.
£500-£1000 Range: Consider carrying between £500 and £1000 (depending on your estimated expenses) to cover your initial needs (! Important check current policy of the government how much cash you can carry with you to avoid problem in airport).
Alternatives Once You Arrive:
Open a Bank Account: Opening a student bank account in the UK should be your top priority. Many banks offer special student accounts with benefits like free debit cards and overdrafts.
International Money Transfer Services: Services like Wise or Western Union can be used to receive money transfers from your home country after you arrive. However, be aware of potential fees associated with these services.
Reaching Out for Help:
Contact Your University: Many universities offer support services for international students, including guidance on opening bank accounts and financial resources.
Student Unions: Universities’ student unions can also be a valuable resource for information and assistance.
Remember:
- Declare Cash: If you’re carrying £10,000 or more in cash (or equivalent in another currency) into the UK, you must declare it to UK customs.
By planning your initial cash needs, prioritising safety and aiming to open a UK bank account quickly, you can navigate the initial days in the UK without cashless options. Don’t hesitate to reach out to your university or student support services for assistance.
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