A bank is a safe place to keep your money. It is safer than keeping lots of cash in your house, which might get lost or stolen. It is also a good way to save money for the future.
Your money will earn interest in a bank, meaning over time the amount of money will increase.
There are many banks and building societies and many types of account – do some research before you open an account to see what best suits you or arrange to speak to an advisor at a high street bank who can explain things to you. You might want to consider the following:
- How easily do you want to be able to access your money?
- Do you live near a branch?
- Do you want to use an online bank account?
When you open a bank account, you will need to show identification such as a passport and proof of your address.
[See ‘Why is it important to manage my money?’]
FIND OUT MORE
The National Autistic Society, in association with the Financial Services Agency, has a website to help adults and young people with autism better manage their money. www.managingmoney.org.uk offers lots of advice relating to money including how to open a bank account.
You can also find out more about how to open and run a bank account on the Directgov website.