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ICICI Bank offers soon-to-be expats facility to open account before arriving in UK

ICICI Bank UK has unveiled a new facility in its mobile application, allowing Indians migrating to the UK to open an account while in India itself.

The Indian passport holders moving to UK for work will be able to open personal current account in the UK, equivalent to a savings account in India, through the ‘ICICI Bank UK iMobile’ application.


The bank claimed that the service is first-of-its-kind by an Indian bank in the UK.

“This unique proposition heralds a new era of opening an account in few minutes, a marked improvement over a few days taken earlier,” said Loknath Mishra, chief executive of ICICI Bank UK.

The completely digital procedure dispense with the requirement to visit a branch in UK. The customers can simply download the app and furnish all KYC details electronically. The account will be instantly activated, allowing customers to start transacting immediately.

Customers will receive a contactless debit card at their correspondence address either in UK or in India. They will also be able to remit money 24x7 instantly to any ICICI Bank account in India.

The app is available in both android and iOS platforms.

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Britain's housing market has hit the brakes ahead of the November (26) budget, with property asking prices recording their sharpest November decline in 13 years, according to data from Rightmove.

The average price tag on newly listed homes fell by 1.8 per cent (£6,589) to £364,833 last month significantly steeper than the typical 1.1 per cent November dip seen over the past decade. The slowdown reflects mounting anxiety about potential tax changes in chancellor Rachel Reeves's upcoming fiscal statement.

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