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ICICI Bank UK PLC Launches Instant Account Opening Facility On Mobile

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 the UK.

Photo Credit : Bloomberg

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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 enables Indians (holding Indian passport) moving to the UK for work, to open a personal current account in the 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 the 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 twenty-four-seven instantly to any ICICI Bank account in India.

Speaking about the initiative, 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 a few minutes, a marked improvement over a few days took 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 the 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.

Simple steps to open a current account using ICICI Bank UK iMobile application:

Download the app and fill in basic details like e-mail id, password, etc;

Capture first page of the passport: The app is equipped with ‘Optical Character Recognition’ (OCR) that recognises written characters in documents;

Click a selfie-and submit: Image mapping facility will match the photo in the passport with the selfie.

Instantly, the current account gets activated along with instant password and mobile PIN (MPIN). One can immediately start using the account. The contactless debit card is sent at customer’s correspondence address either in UK or India

Salient features of the current account that can be opened instantly through the Bank’s UK mobile application:

Faster account opening using a mobile app;

Get a contactless debit card;

Access to mobile and internet banking;

Access to twenty-four-seven phone banking and free text alert facility;

Twenty-four-seven guaranteed exchange rates for sending money to India;

Instant money transfer to any ICICI Bank account in India and instant money transfer to any other bank account in India up to Rs 2 lakh through IMPS

ICICI Bank UK PLC also supports customers in the UK for their diverse banking requirements in India including NRE accounts and home loans through local branches and customer service managers in the UK.


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