When you are moving to London, you will find that there are a number of factors that might be a little different and frustrating, one of the frustrating things about financial matters is the fact that England and most of Europe operate on a chip and pin system for their credit cards and debit cards. You might have moved into a new London apartment, but the last thing you need is to go to the grocery store and have your credit card or debit card refused on account of the fact that it does not have a chip and pin installed.
Part of moving to London is getting to grips with the way things are done in all aspects of life. One of the most confusing and somewhat daunting challenges about living in London is ensuring that you have adequate access to your money. No one wants to be stuck in a foreign city unable to get hold of cash when you really need it. If you are moving to London for work then your employer will probably be able to guide you through the process of setting up a bank account in the United Kingdom. If you are moving to London with someone who is going to be working, then you might have to go through the process on your own. Having a bank account in the UK is important as it will make your day to day financial dealings so much easier.