Go Back  British Expats > Living & Moving Abroad > Canada
Reload this Page >

Keeping a UK bank account

Keeping a UK bank account

Old Dec 17th 2006, 8:51 pm
  #1  
Account Closed
Thread Starter
 
Joined: Mar 2006
Posts: 288
BC Hopefuls is an unknown quantity at this point
Default Keeping a UK bank account

Hi,

We have had our PPR and are moving over in March. I want to keep my UK bank account open so income paid in sterling can be paid into it.

I know many of you have kept your UK bank accounts open and I wondered if you had to give a UK address or are they happy to take your Canadian address?

Thanks for the help.
BC Hopefuls is offline  
Old Dec 17th 2006, 9:48 pm
  #2  
BE Forum Addict
 
Joined: Jan 2006
Posts: 1,010
kt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond repute
Default Re: Keeping a UK bank account

Originally Posted by BC Hopefuls
Hi,

We have had our PPR and are moving over in March. I want to keep my UK bank account open so income paid in sterling can be paid into it.

I know many of you have kept your UK bank accounts open and I wondered if you had to give a UK address or are they happy to take your Canadian address?
Some people have reported trouble from their UK bank, who have given excuses like "it's illegal under money laundering regulations" which is complete and utter toss. If you get hassle, push back against the "computer says no" morons and ask to speak to someone who has an IQ higher than the boiling point of water.

K.
kt0157 is offline  
Old Dec 17th 2006, 9:50 pm
  #3  
Scottish Canuck
 
Cookie's Avatar
 
Joined: Aug 2006
Location: Auld Scotia > Nova Scotia > Calgary
Posts: 3,703
Cookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond reputeCookie has a reputation beyond repute
Default Re: Keeping a UK bank account

Originally Posted by BC Hopefuls
Hi,

We have had our PPR and are moving over in March. I want to keep my UK bank account open so income paid in sterling can be paid into it.

I know many of you have kept your UK bank accounts open and I wondered if you had to give a UK address or are they happy to take your Canadian address?

Thanks for the help.
We intend to keep our UK bank accounts open. Mastercard have also told us we can keep our UK credit card and use it in Canada as long as we advise them of our new address for billing. We intend to do this and at the same time take out a Canadian credit card and build up our credit limit from scratch.

BT Internet have also told me I can keep my email account open for a few months after I leave, giving me time to get a new Canadian email address (saves having to get a Hotmail account. My office is banned from receiving emails from hotmail).
Cookie is offline  
Old Dec 17th 2006, 9:55 pm
  #4  
Forum Regular
 
Joined: Feb 2004
Location: Halifax, NS
Posts: 131
dkvl has a spectacular aura aboutdkvl has a spectacular aura aboutdkvl has a spectacular aura about
Default Re: Keeping a UK bank account

I have kept a UK bank account and UK credit card - no problem,and they have my Canadian address.

Deborah
dkvl is offline  
Old Dec 17th 2006, 11:01 pm
  #5  
Slightly Canadian
 
Atlantic Xpat's Avatar
 
Joined: Jul 2005
Location: St. John's, Newfoundland
Posts: 10,103
Atlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond reputeAtlantic Xpat has a reputation beyond repute
Default Re: Keeping a UK bank account

I bank with First Direct. They have happily kept my account open, send correspondence to my Canadian address and let me use my credit card. I did spin it to them that I was moving to Canada for an undetermined period which could be forever or could be n years. The only potential issue with FD is their announcment that one needs to keep GBP1500 in the account or pay a tenner a month. So far not a problem but could be in the future.
Atlantic Xpat is offline  
Old Dec 17th 2006, 11:30 pm
  #6  
Glasgow Rangers
 
Voyager970's Avatar
 
Joined: Feb 2004
Location: London, Ontario
Posts: 1,548
Voyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond reputeVoyager970 has a reputation beyond repute
Default Re: Keeping a UK bank account

We kept open one UK bank account to service our life insurance policies for me and the wife, bank had no probs with that

Bear that in mind when you move, that your life insurance is still valid when you move to another country. Get it in writing from you insurance company that they will keep your policy active as long as you pay them.

Insurance company were not bothered either, as long as they got their payment from a UK bank account

Eddie
Voyager970 is offline  
Old Dec 17th 2006, 11:33 pm
  #7  
BE Forum Addict
 
Joined: Jan 2006
Posts: 1,010
kt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond reputekt0157 has a reputation beyond repute
Default Re: Keeping a UK bank account

Originally Posted by Voyager970
We kept open one UK bank account to service our life insurance policies for me and the wife, bank had no probs with that

Bear that in mind when you move, that your life insurance is still valid when you move to another country. Get it in writing from you insurance company that they will keep your policy active as long as you pay them.

Insurance company were not bothered either, as long as they got their payment from a UK bank account
It needs to be "pure" life insurance otherwise the Canadian Revenue will want to hear about it as a foreign investment (and potentially tax it).

K.
kt0157 is offline  
Old Dec 17th 2006, 11:48 pm
  #8  
Senile Member
 
Daedra's Avatar
 
Joined: Sep 2006
Location: North of Manchester
Posts: 1,253
Daedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond reputeDaedra has a reputation beyond repute
Default Re: Keeping a UK bank account

Works the other way around too (for any vice-versa situations reading this thread), when I moved to the UK kept my Canadian bank account open (although not much activity in it & removed the monthly service fee options prior to leaving) with my UK address for the statements to be sent to. Just a way of having something in place should (god forbid) any family or other emergency that comes up which requires a local bank ASAP.
Daedra is offline  
Old Dec 18th 2006, 12:00 am
  #9  
JAJ
Retired
 
JAJ's Avatar
 
Joined: Apr 2004
Posts: 34,649
JAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond reputeJAJ has a reputation beyond repute
Default Re: Keeping a UK bank account

Originally Posted by BC Hopefuls
I know many of you have kept your UK bank accounts open and I wondered if you had to give a UK address or are they happy to take your Canadian address?
MOST UK banks are perfectly ok to send statements to a Canadian address. Same goes for credit cards.

Most of the reports where people have had hassle refer to the "internet" banks.

One point to bear in mind. Do keep some "activity" in your account otherwise the bank may think it's dormant (lots of hassle there). One way is - if you have two UK accounts - is to set up a standing order in each account to pay money to the other one every few months. That way the money "shuffles" and the account stays active for all time.
JAJ is offline  
Old Dec 18th 2006, 12:48 pm
  #10  
Forum Regular
 
snowgoose's Avatar
 
Joined: Dec 2006
Location: small town Canada
Posts: 93
snowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to allsnowgoose is a name known to all
Default Re: Keeping a UK bank account

Originally Posted by dkvl
I have kept a UK bank account and UK credit card - no problem,and they have my Canadian address.

Deborah
Ditto - with Alliance & Leicester. Very helpful; they also have a UK c/o address with a family member, just for back up
snowgoose is offline  
Old Dec 18th 2006, 12:51 pm
  #11  
Account Closed
Thread Starter
 
Joined: Mar 2006
Posts: 288
BC Hopefuls is an unknown quantity at this point
Default Re: Keeping a UK bank account

Thanks for all the info. As ever, you guys are great.
BC Hopefuls is offline  
Old Dec 18th 2006, 6:47 pm
  #12  
Account Closed
 
Joined: Oct 2004
Posts: 959
yonk is an unknown quantity at this point
Default Re: Keeping a UK bank account

Originally Posted by Atlantic Xpat
I bank with First Direct. They have happily kept my account open, send correspondence to my Canadian address and let me use my credit card. I did spin it to them that I was moving to Canada for an undetermined period which could be forever or could be n years. The only potential issue with FD is their announcment that one needs to keep GBP1500 in the account or pay a tenner a month. So far not a problem but could be in the future.
According to their blurb, if you have another product eg the credit card, you're fine and won't be charged. Even the easy access savings account will count so you can sit and put money back and forward online to avod the charge - no hassles.
yonk is offline  
Old Dec 18th 2006, 8:43 pm
  #13  
 
Canada Jane's Avatar
 
Joined: Nov 2003
Location: Nr Belleville, Ontario
Posts: 565
Canada Jane has disabled reputation
Default Re: Keeping a UK bank account

Originally Posted by BC Hopefuls
Hi,

We have had our PPR and are moving over in March. I want to keep my UK bank account open so income paid in sterling can be paid into it.

I know many of you have kept your UK bank accounts open and I wondered if you had to give a UK address or are they happy to take your Canadian address?

Thanks for the help.
We kept both our Halifax and HSBC UK accounts, with our Canadian address, no problem.
Canada Jane is offline  
Old Dec 18th 2006, 9:36 pm
  #14  
BE Enthusiast
 
Joined: Feb 2004
Location: British Columbia
Posts: 801
Iain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond reputeIain Mc has a reputation beyond repute
Default Re: Keeping a UK bank account

We've yet to move but we've been assured there'll be no problems from any of our banks: that's Lloyds, HSBC and Nationwide.

We've also had a Canadian HSBC account for the past two years, no problems there either.

I'm presuming when you move you let the UK banks know you're not to have UK tax deducted on interest and instead include it on your Canadian tax returns?

We'll be going to see an IFA next spring about all this and what to do with pensions, etc.

Cheers, Iain
Iain Mc is offline  
Old Dec 18th 2006, 10:27 pm
  #15  
Pamela 1
 
Joined: Dec 2006
Location: Ontario Canada
Posts: 257
Pamela 1 has a spectacular aura aboutPamela 1 has a spectacular aura aboutPamela 1 has a spectacular aura about
Default Re: Keeping a UK bank account

We had Building Soc. accounts put into our Canadian address when we left and there was no problem.

We have since closed them and wish we had'nt, have heard it is difficult to open a new bank account. I will post this on new thread because it doesn't fit here.
Pamela 1 is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information -

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.