Personal Banking

The most common form of banking in the UK is personal Banking. Most employers require that new employees have a bank account for the payment of wages, so almost every person in the UK has some form of personal bank account.

In addition, access to convenient electronic services such as debit cards that can be used to make purchases and withdraw cash from automatic teller machines, direct debit services to make automatic payments and the planned introduction of EFTPOS (Electronic Funds Transfer at Point Of Sale) services mean that the use of personal accounts is almost mandatory.