Money

• About Money
  -Notes and Coins
• Banks
  -Bank locations
  -How to open a bank account
• Post Office
  -Post office location
  -Foreign Exchange

About UK Money 

Notes and Coins:

The pound Sterling (often called a quid) is divided into 100 pence and is the official currency of the United Kingdom. In England and Wales, the banknotes issued by the Bank of England are legal tender, however, in Scotland, Northern Ireland, the Channel Islands and the Isle of Man other sterling banknotes are often used. Be aware, sometimes these other notes manage to find their way to Swansea and can often be rejected by shopkeepers. The following coins and notes are those that are most frequently used in Wales: 

Coins:    1p, 2p, (5p not shown), 10p, 20p, 50p, £1  

Notes: £5, £10, £20, £50

(There is also £1 printed by Scottish banks not shown) 

Banks

Bank Locations

Have a look on the following link to find out more about the different banks in Swansea http://www.walesindex.co.uk/pages/921.htm
To find a bank near you, look at our map.

How to open a bank Account

• To open a bank account in the UK, you must provide the bank with the following information:
•  Proof of identity (passport, national identity card or national driving licence)
•  Proof of UK address (tenancy agreement or letter of confirmation from your employer)
•  Proof of employment is also sometimes required.

Post Office

Post office Locations

As well as providing postage for letters and parcels, the Post Office is a useful source of information and forms (e.g. vehicle tax disc payment form). To find your nearest post office branch look at our map or click here.  

Foreign Exchange

You can exchange money in one currency for another at several locations around Swansea, the post office usually offers standard rates of exchange. in Swansea you can exchange any money in Marks & Spencer, Oxford Street, third floor. There will be no charge for the transaction.

Also for further information, have a look on the Post office website.

(information for this section has been taken from the Welsh Assembly pack for Migrant workers )