I still have a UK bank account
Dec 27th 2010, 6:41 am
#1
Banned
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Joined: Dec 2010
Posts: 17
I still have a UK bank account
Reading the article on this site, Survey on British Expats Keeping Open a UK Bank Account. I still have a UK bank account, I did not tell my bank I was moving overseas, so I did not have any problems.
Dec 27th 2010, 11:00 pm
#2
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Joined: Mar 2004
Location: Sydney
Posts: 1,628
Re: I still have a UK bank account
I've two bank accounts in the UK, both have my Australian address. The only problems I've had have been related to the banks offshoring their admin rather than me being overseas. By them having my correct address I don't have to rely on someone else forwarding new cards etc.
Additionally as they know I live in Australia I have less risk of the bank putting a block on my card being used in Australia as they won't think it has been cloned/stolen which can happen if they think you are in the UK and see overseas spending patterns.
Additionally as they know I live in Australia I have less risk of the bank putting a block on my card being used in Australia as they won't think it has been cloned/stolen which can happen if they think you are in the UK and see overseas spending patterns.
Last edited by spottydog; Dec 27th 2010 at 11:01 pm. Reason: added bits
Dec 27th 2010, 11:20 pm
#3
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Posts: n/a
Re: I still have a UK bank account
My UK bank has my Australian address, but then, they are happy about it...
HSBC said they operate a home/host/offshore policy whereby expats were encouraged to keep their HSBC UK account, but also advised to open a HSBC account in the country they are resident in as well as an offshore account
Dec 28th 2010, 2:29 am
#4
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Joined: Oct 2005
Location: In a house
Posts: 2,590
Re: I still have a UK bank account
Reading the article on this site, Survey on British Expats Keeping Open a UK Bank Account. I still have a UK bank account, I did not tell my bank I was moving overseas, so I did not have any problems.
Dec 28th 2010, 6:41 am
#5
Lost in BE Cyberspace
Joined: Sep 2007
Location: Canberra
Posts: 8,378
Re: I still have a UK bank account
Had a UK bank account with an Aus address for over 30 years and never had any problems with them at all until my recent debit card needed to be renewed and it hadnt arrived before I left the country for a trip home - I thought it would have arrived a couple of weeks before the old one expired but it didnt. NO hassle though, I just went to the branch and told my tale of woe and they had a new one sent to the branch for me to collect. Cannot praise the Co-op bank enough, they have been fabulous!
Jan 11th 2011, 8:33 am
#6
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Thread Starter
Joined: Dec 2010
Posts: 17
Re: I still have a UK bank account
A Better Way to Bank? There's a Credit Union for That!
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.
creditunionsonline.com
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.
creditunionsonline.com
Jan 11th 2011, 8:38 am
#7
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: I still have a UK bank account
I checked with my bank months before I moved out here for good and told them what I was doing. I do have a U.K. income so maybe that helps. But I can't see why there should be any problems.
Annual statements, tax advice and new debit card all arrive with no problem.
Annual statements, tax advice and new debit card all arrive with no problem.
Jan 11th 2011, 8:01 pm
#8
Banned
Joined: Jan 2011
Posts: 150
Re: I still have a UK bank account
Only thing to remember is that if you are transferring large sums of money home and this creates interest (i.e. not using it to pay off bills) then you will need to declare any interest for tax purposes.
