Manchester currency What is the local currency? Pounds sterling. What denominations does it come in? Notes: £5, £10, £20, £50 and £100 Coins (pence): 1, 2, 5, 10, 20 and 50 Coins (pounds): £1 and £2 What is the best way to exchange currency? It is best to exchange currency with banks, Moneycorp, certain supermarkets and Bureau de Exchanges. What are commonly-used forms of payment for everyday purchases (such as groceries)? Cash, Switch/Debit card (electronic/ATM), credit cards and cheques. Will I be able to use my credit card around town? If not, list when I’ll need cash. Most stores accept credit cards, however some fast food and smaller retail outlets may not. It is best to carry cash when visiting smaller outlets. By what method are bills (such as rent and utilities) paid? Internet bank or over the phone transfer, direct debit or cheque are the most popular forms of payment. Cash can be paid at local offices. What are the requirements for opening a bank account? At what stage of the settling-in process should I open it? You may open a bank account prior to arrival if you are on an expatriate assignment. Proof of residency at an overseas address will be required, along with a certified copy of your passport and a letter from your employer. If you are not on an expatriate assignment, it is recommended that you open a bank account as soon as possible on arrival in the UK. You will need identification such as your passport, a utility bill and a letter from your employer. Will foreign residents be able to find banking services in their native languages? There are some foreign banks throughout Manchester; however they are not widely available. It is suggested you check with your bank prior to relocating to ensure they have a local branch. Are there any restrictions on services for those who are new to Manchester? No. What are typical banking hours? Monday to Friday, 9:30am – 5:00pm. In addition, some branches also open for a few hours on a Saturday morning. Are automatic teller machines (ATMs) available around the clock? Yes. Is there any other money information that might help me? The UK has not yet adopted the European Single Currency (the Euro). There is a great deal of speculation and debate as to whether or when the UK will replace the pound with the Euro. IMPORTANT NOTE: Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.