Icici Bank launches instant account opening on mobile for Indians migrating to UK

Source: Icici Bank

ICICI Bank UK PLC, a subsidiary of ICICI Bank, announced the launch of a digital account opening facility using the Bank’s mobile application.

This first-of-its-kind service by an Indian bank in United Kingdom (UK) enables Indians (holding Indian passport) moving to UK for work, to open a personal current account in UK while they are in India itself. This account is equivalent to a savings account in India.

To open an account, a soon-to-be expat individual can simply download the Bank’s UK mobile application called ‘ICICI Bank UK iMobile’ and furnish all KYC details electronically without visiting a branch in UK. The account is instantly activated thus allowing customers to start transacting immediately. Customers will receive a contactless debit card at their correspondence address within a few days either in UK or in India and will also be able to remit money 24x7 instantly to any ICICI Bank account in India.

Speaking about the initiative, Mr. Loknath Mishra, MD & CEO, ICICI Bank UK PLC said, “ICICI Bank has been leveraging technology to provide world-class banking experience to its customers. We have introduced the opening of a personal current account in digital manner to further improve engagement with our customers. This unique proposition heralds a new era of opening an account in few minutes, a marked improvement over a few days taken earlier. We believe that ease of banking is a key parameter for individuals when they look for a banking partner. ICICI Bank remains committed to meet customers banking needs in UK as well as make hassle free remittance service to India”.

The mobile application ‘ICICI Bank UK iMobile’ can be downloaded on both android and iOS based smartphones.

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