The Euro (€) is not used in the UK. The UK's currency is Sterling (GBP). There are 100 pence (p) to the pound (£). The local slang for a pound is a quid!
Coins are 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. Notes are £5, £10, £20 and £50.
ATMs are known as 'cash points' or 'cash machines'.
Cost of living
We estimate that students studying at the University of Portsmouth will need £7000 - £8000 per academic year for all their needs. Please note - this depends entirely on the student's lifestyle. DO NOT bring large amounts of cash with you.
Studying in the UK for less than six months
If you are going to be studying at the University for less than six months, some banks will not allow you to open a UK bank account. We would therefore advise you to consider the following points before leaving your home country:
- Opening an account with a multi-national bank in your home country before you leave, so that you may use that banks ATM machines (cash points) in the UK. You must check with the bank in your home country that this is possible, prior to your departure.
- Bringing travellers cheques sufficient for the entire period you will be studying at the University. Please be aware that you will be charged commission when purchasing travellers checques. DO NOT bring large amounts of cash with you.