Uk savings account for daughter
Dec 8th 2013, 4:37 pm
#1
Forum Regular
Thread Starter
Joined: Apr 2009
Posts: 210
Uk savings account for daughter
My in laws want to set up a UK savings account for our daughter but because she's deemed non resident they're having issues. Anyone know any ways around this or alternative means by which they set something like that up for her in the UK? Thanks
Dec 8th 2013, 4:55 pm
#2
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Uk savings account for daughter
When I was non-resident I found the Islamic Bank of Britain okay for opening an account. (Seriously !) See their website. Offices in London and the Midlands.
Dec 9th 2013, 5:07 am
#3
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Uk savings account for daughter
Could they keep it in their names? It is pretty hard to open up accounts once you ave made the move.
Dec 9th 2013, 11:45 am
#4
Forum Regular
Thread Starter
Joined: Apr 2009
Posts: 210
Re: Uk savings account for daughter
I guess they could set it up in their name. Sounds like there may not be an alternative. Not sure about the Islamic bank lol, wouldn't that deliver 0% interest as I thought interest didn't fit their religious beliefs!
Dec 9th 2013, 1:24 pm
#5
Gutter Gob!!
Joined: Feb 2005
Location: Perth
Posts: 13,098
Re: Uk savings account for daughter
Set one up here in Australia and they can use tranzfers to make regular payments. Better interest rate here too.
