Can You Open a Bank Account Online in London? Yes, Here’s How

Are you overwhelmed by the strict ID requirements for opening a bank account in the UK? Whether you are a student or starting a new business, opening a bank account online may feel extra stressful, especially for non-residents. 

In this blog, we will explain a simple step-by-step process to open a bank account online in London. Also, some challenges people face while opening a bank account in London, and how to avoid them.

Benefits of Opening a Bank Account Online

Humans are time-conscious. We know time is limited, and we must spend it wisely. For this reason, people are switching from traditional businesses to online businesses. Likewise, people prefer to open bank accounts online to save time. 

Besides saving time, opening a bank account online has many benefits. Such as:

1. No need to visit a branch

You can avoid appointments, queues, and visits to a physical branch by opening a bank account online. Online accounts allow you to manage your finances from anywhere using an internet connection. 

2. Quick digital onboarding (some open in minutes)

The application process is entirely online. You can complete the application form, upload necessary documents, and verify your identity through an app or online portal. While the traditional bank opening process takes multiple days or weeks, the online bank opening process takes a few minutes or the same day. 

3. Smart banking features: spend tracking, notifications

Online banking aims to simplify financial management and improve the user experience. It allows you to take advantage of technology and innovative features and reduce stress during your busy days.

• Spend Tracking

Online banking apps categorise your transactions, providing a clear overview of expenses. It is helpful for budgeting, identifying spending patterns, and preparing for tax season. 

• Instant Notifications

Real-time alerts for incoming and outgoing payments give you awareness of your cash flow. This can help you identify suspicious activity quickly, avoid unexpected overdrafts, and stay on top of payments. 

4. Often, lower fees than traditional banks

Online banks have a leaner operating model than traditional banks. This ensures lower fees for account holders. Many offer free basic accounts without monthly payments, while others have transparent, low-cost pricing structures. 

3. Types of Bank Accounts You Can Open Online

The UK offers a variety of banking options, ranging from established giants to innovative digital newcomers. Understanding the differences between these types is crucial for choosing the best fit for your personal or business needs.

• Traditional UK Banks with Digital Onboarding

These banks offer online account opening and management with well-established and high-street banks. Besides maintaining the physical branch network, they have invested significantly in their digital platforms to keep pace with modern banking demands. Example: Barclays, NatWest, etc.

• Challenger Banks/ Digital-only banks

These banks operate both online and through mobile apps. They offer innovative features, user-friendly interfaces, and lower fees. Examples are: Monzo, Starling Bank, Revolut, Wise, etc.

Comparison between Traditional UK Banks vs. Challenger Banks

Feature	Traditional UK Banks	Challenger Banks
Physical Presence	Branches are available	Primarily app-based
Account Opening Speed	Quicker online, but involves more steps, like ID checks	Often in minutes, very streamlined
Fees	More fees for certain services.	Free basic accounts, fewer fees, competitive international rates
App Features	Improving	Highly intuitive
Product Range	Comprehensive	Expanding
Cash/Cheque Deposits	Easy via branches	Limited options (PayPoint, Post Office for cash)
Customer Service	A mix of branch, phone, and online	In-app chat, highly responsive

What You Need to Open a UK Bank Account Online

Opening a UK bank account online has become more straightforward. All banks are subject to “Know Your Customer” (KYC) regulations to prevent financial crime, which means you’ll need to prove your identity and address. 

Here is what you need to open a bank account:

1. Valid Passport or UK Proto ID 

A passport is preferred, especially for UK nationals. Besides, you will need a UK driving licence and a national ID card. 

2. Proof of UK address

The bank needs to verify whether you reside at the address you provide. Standard accepted documents are utility bills, council tax bills, mortgage statements, HMRC letters, letters from universities/colleges, and letters from employers. 

3. National insurance number

A national insurance number is not always mandatory when opening a basic bank account in the UK. 

4. Smartphone with a camera

Most online bank applications involve a digital identity verification process. This requires a photo of an ID document.

5. Email & UK phone number

An active email address will be needed for all correspondence, account statements and alerts.

Step-by-Step Guide: How to Open a Bank Account Online in London

Step 1: Choose your bank

Start by researching whether a traditional or challenger bank suits your needs. Challenger banks are often more flexible if you need a simple account as a newcomer. On the other hand, if you need physical branch access, go for a traditional bank. 

Step 2: Download their mobile app

The most efficient way to open an online account is with a challenger bank. You can open it through their dedicated mobile app. 

Step 3: Enter your personal info

After that, you must provide your full name, date of birth, nationality, and contract details. Then, they will ask you for your history of the past 1-3 years and details about your occupations. 

Step 4: Upload ID and Verify Identity

When asked, you must take a clear photo of your passport, UK driving license, national ID card, and Biometric Residence Permit (BRP). You also need to take a “selfie” photo or a short video of yourself. 

Step 5: Submit proof of address

You must upload a digital copy or photograph the address document as proof. For example: utility bill, council tax bill, etc.

Step 6: Wait for approval

After you submit all the requirements, the bank will review your application. Many digital-only banks give instant approval within minutes, but traditional banks take a bit longer. 

Step 7: Receive the account number and sort code

After approval, the bank will immediately provide you with your new UK account number and sort code. The information will be accessible through the bank’s mobile app or online banking portal. 

Step 8: Order a physical debit card 

You can then order their card using the app. It arrives within 3-7 business days. 

Top Banks for Opening an Online Account in London (2025)

Bank	Type	Key Features	Who It\’s Best For
Monzo	Digital-only	Instant alerts, savings pots	Students, freelancers
Starling Bank	Digital-only	Multi-currency, no monthly fees	Expats, business users
Revolut	E-money	International transfers, crypto	Travellers
Lloyds	Traditional	Local branches + app	Those who prefer hybrid
Wise	E-money	Global account, low FX fees	Remote workers, immigrants

7.  Common Challenges (and How to Avoid Them)

Sometimes, easy process of opening bank account can feel hard. Knowing common challenges and how to avoid them can smooth your journey. 

1. Rejected due to Insufficient ID?

If your passport photo is blurry, your ID document might not be easily scannable by the app and might fail identity verification. To avoid this, ensure excellent lighting while taking a photo and a plain background. Make sure all documents are visible. 

2. No UK address?

If you have just arrived and don’t have utility bills, council tax statements, Monzo, Starling Bank, Revolut, or Wise, the best options are Monzo, Starling Bank, Revolut, or Wise. In this case, you need alternative proof of address: a formal letter from your UK university or college, UK employer, or even a passport.

3. Not FCA-Authorised?

If a company isn’t regulated by the Financial Conduct Authority (FCA), your money might not be protected by the FSCS. Before you open a bank account, verify the company’s authorisation status on the FCA’s Financial Services Register. 

 

Conclusion

At Taj Accountants, we help open a bank account for those who face problems opening one. If you feel overwhelmed by all those procedures, need an expert to guide you, feel free to contact us! 

FAQ

1. Can I open a UK bank account without a UK address?

Yes, but it can be difficult with a traditional bank without utility bills or a tenancy agreement in your name. Challenger banks or digital-only banks can be more flexible and may accept alternative forms of proof.

2. Can tourists or digital nomads open online accounts in the UK?

It is very difficult for tourists to open a bank account because their visit is short. Tourists can opt for multi-currency travel cards or international digital banking solutions. Digital nomads can open challenger banks and multi-currency accounts.

3. Is it safe to use digital-only banks?

If they are appropriately regulated, using reputable digital-only banks in the UK is very safe.

4. How long does it take to open an account?

For a challenger bank, it can take minutes, sometimes 5 to 10 minutes. A traditional bank takes a few hours to 1-2 business days to open a bank account.

5. What fees should I expect?

Challenger banks charge lower fees than traditional banks. Many current accounts are free, and both challenger and traditional banks have no monthly maintenance fees. 

 

Meta: Learn how to open a bank account online in London. Find a quick solution for students, expats, and digital nomads. Get your account today!