The most common way to manage your money is to open a bank or building society account. Whether you're looking for a job, you have to pay bills or you want to rent a telephone line - you will always need some kind of account.If you have problems getting a normal bank account you can always have a basic bank account or a universal account.

A bank account will allow you to manage incoming and outgoing money. For example, your employer can transfer your monthly salary into your account and you can transfer money from your account to pay for bills, e.g. telephone or electricity bills. Every action will be recorded on your bank statement.

Where you keep your money is a personal decision but you should make sure it is safe. Bank accounts can offer you that safety.

If you want to save money, a bank can also offer you saving accounts. That means that you can set up a saving account and get more money out of it than you paid in. Please refer to the risk and return section to find out more about saving and investing possibilities.

Basic bank accounts, universal accounts and Post Office card accounts