How to manage your money as an international student in London.

Moving to London as an international student is a big adventure—new friends, new cultures, and world-class education. But it's also a financial shift, especially in one of the world’s most expensive cities. That’s why smart money management is essential for making the most of your experience. 

This guide will walk you through the basics: how to budget, how to choose a bank account, and how iFAST Global Bank’s Multi-Currency Current Account (MCCA) can be your all-in-one tool to save, spend, and send money across borders. 

Do you need a bank account when studying in the UK? 

Absolutely—having a UK-based bank account is vital for managing everyday finances, whether you’re here for a one-year program or a full degree. 

With a UK account, you can: 

• Receive part-time wages, allowances, or scholarships 

• Avoid international transaction fees* 

• Pay rent and bills more easily 

• Access local discounts and student offers 

If you're studying in London and dealing with different currencies—GBP, USD, EUR, SGD, or others—the iFAST Multi-Currency Current Account (MCCA) offers much more than just basic banking. 

No matter your form of income, get the best out of it with iFAST 

Whether your money comes from a family allowance, part-time job, scholarship, or side hustle—how you manage and maximise that income is critical. 

With iFAST’s MCCA, you can: 

• Accept and hold income in up to 9 currencies 

• Convert at real-time FX rates without transaction fees* 

• Send money back home or receive family support smoothly. 

• Grow your balance with higher interest rates on held currencies 

Instead of juggling multiple accounts or apps, one iFAST MCCA gives you total control over your financial life—across borders and across goals. 

iFAST – A Multi-Currency Current Account for managing money in London 

Designed specifically for internationally minded individuals, the iFAST Multi-Currency Current Account (MCCA) is ideal for international students living in London. 

It’s more than a bank account—it’s your all-in-one money hub. 

💼 One account to save, spend, and send 

Unlike traditional student accounts, MCCA lets you do it all: hold funds securely, pay for daily needs, and transfer money globally—without extra fees* or delays. 

🌍 9 currencies, real-time access 

Hold and manage GBP, USD, EUR, SGD, HKD, AED, CNY, CHF and JPY—all from one account. Ideal for tuition, family support, travel, or even online shopping in different currencies. 

📈 High interest on your balance 

Grow your savings faster. MCCA offers market-leading interest rates on supported currencies—so your money works for you while you study. 

Overview of the main benefits of using iFAST MCCA: 

• Multi-Currency Management: One account, 9 currencies, zero conversion stress. 

• Global Access: Receive money from home, spend abroad, or pay local bills with ease. 

• Real-Time FX Rates: Transparent, low-cost currency conversions with no hidden fees. 

• High-Yield Savings: Competitive interest on multi-currency balances. 

• Digital Simplicity: Manage your money from anywhere with a smart mobile platform. 

• No Monthly Fees*: Keep your student budget focused on what matters.