What is the local currency?

Pounds sterling.
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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
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What is the best way to exchange currency?

It is best to exchange currency with banks, Moneycorp, certain supermarkets and Bureau de Exchanges.
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What are commonly-used forms of payment for everyday purchases (such as groceries)?

Cash, Debit cards, Switch card (electronic/ATM) and credit cards. Cheques are also a popular method of payment particularly when paying by post.
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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.
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By what method are bills (such as rent and utilities) paid?

Internet bank transfer or over the phone transactions are the most popular forms of payment. Cash or cheques can be used at local offices. Direct debit is also quickly growing in popularity for bill payments.
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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. Otherwise, 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.
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Will foreign residents be able to find banking services in their native languages?

Banking services in foreign languages are available in the major multinational banks.
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Are there any restrictions on services for those who are new to your country?

No however you may not be able to apply for a credit card or any sort of bank loan in the first year of your arrival as you usually need time to build up a credit history.
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What are typical banking hours?

Monday to Friday, 9 or 9:30 a.m. to 4 or 4.30p.m. Some are open for shorter hours on Saturday mornings.
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Are automatic teller machines (ATMs) available around the clock?

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Is there any other money information that might help me?

The UK has not yet adopted the European Single Currency (the euro) and there are no declared plans to do so in the foreseeable future.
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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.