uk bank account for italian residents
 

Hi all, is there a way my mum can open a bank account for my kids who were born here in Italy?I had a quick look on the internet and most accounts are only for uk residents.My mum is an uk resident can she open an account and put the kids names on it too? Thanks for any advice:)

Re: uk bank account for italian residents
 

Hmmm, possibly she could act as trustee and the kids would be the beneficiaries? I'm sure when I was a kid my bank account was linked to my Grandma in some way - I would have thought most bank accounts set up for children would work as trusts as they are too young to be responsible for the money. Your mum is best off talking to the bank she wants to set it up with, just tell them it's for the kids, don't tell them where they live unless they ask!

Re: uk bank account for italian residents
 

when we tried to open accounts for my kids at uni in London being resident in London wasn't enough they also needed to produce utility bills in their name

Re: uk bank account for italian residents
 

forgot to mention my kids are 12 and fifteen:)

Re: uk bank account for italian residents
 

Giodafa - what about Children's Bonus Bonds rather than a traditional bank account?

http://www.nsandi.com/savings-childrens-bonus-bonds

Re: uk bank account for italian residents
 

Thanks Lorna:)

Re: uk bank account for italian residents
 

You're welcome.

It sounds like a good alternative given the fact that anybody can open/buy them for kids. They are safe and after 5 years there is a bonus.

I might think about doing it myself if only I had a UK bank account ....... but I have parents and sisters who do.