UK Bank Account for Non-Residents
#16
BE Enthusiast
Thread Starter
Joined: Mar 2009
Location: Midlands. UK
Posts: 342
Re: UK Bank Account for Non-Residents
I been out of the uk for almost 18 months....i still have my 'high street' bank account with Lloyds where my mortgage payments and other loan/credit card payments are still being paid from and in addition i have a Lloyds offshore account.
Why'd you close you bank accounts - i dont get it
Why'd you close you bank accounts - i dont get it
Why would you close your bank accounts? Why wouldn't you? If you're leaving the UK, you're leaving. I only didn't close mine because of only having a two week notice to leave plus all my mortgage etc is paid from the account.
My other mistake though was that I did cancel all my credit cards, it's not so easy to get a credit card in Asia, even almost impossible if you live in China at some point.
#17
Re: UK Bank Account for Non-Residents
We kept our bank accounts in UK just in case . . . . don't expect to return but who knows ?
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#18
Re: UK Bank Account for Non-Residents
Don't see the issue; we have several bank accounts in the UK (Sterling) one with Credit Card; never been an issue and they know we are overseas. Also have one in Holland (Euro); cause we used to live there, also no issue. Now we have two offshore and also have one in Dubai. Never had a problem with any of them being "overseas".
None of them help if you want customer service, well maybe Standard Bank in IOM who, so far, have been OK.
None of them help if you want customer service, well maybe Standard Bank in IOM who, so far, have been OK.
#19
Re: UK Bank Account for Non-Residents
Don't see the issue; we have several bank accounts in the UK (Sterling) one with Credit Card; never been an issue and they know we are overseas. Also have one in Holland (Euro); cause we used to live there, also no issue. Now we have two offshore and also have one in Dubai. Never had a problem with any of them being "overseas".
None of them help if you want customer service, well maybe Standard Bank in IOM who, so far, have been OK.
None of them help if you want customer service, well maybe Standard Bank in IOM who, so far, have been OK.
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#20
BE Enthusiast
Thread Starter
Joined: Mar 2009
Location: Midlands. UK
Posts: 342
Re: UK Bank Account for Non-Residents
I have an IOM Standard Bank account and have no complaints so far...certainly better service and lower charges than HSBC. I closed my UK years ago...offshore suits me fine as I can use the debit card almost anywhere on the planet (not interest in credit cards - that whole 40% interest a year thing bothers me).
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I have accounts in China (used to live there) and my account in Thailand now, I'll be keeping those...
Merry Christmas!
MP
#21
Banned
Joined: May 2008
Location: Lagrange 2
Posts: 1,507
Re: UK Bank Account for Non-Residents
I've got an offshre account with Bradford and Bingley on Isle of Man. No charges but there may be a minimum balance. They pay interest and have good savings products too.
Even better they have not gone bust this year!
..as yet
Happy Xmas
Even better they have not gone bust this year!
..as yet
Happy Xmas
#22
Re: UK Bank Account for Non-Residents
I left the UK 12 years ago and still have my highstreet bank account, with debit and credit cards. I have never had a problem with this and it is very handy when shutting down your local bank account in one coutry of residence before moving on to somewhere new.
Scratcher
Scratcher
#23
Forum Regular
Joined: Jun 2007
Posts: 71
Re: UK Bank Account for Non-Residents
I've had bad and dark experiences with HSBC here in the UAE, cards eaten by machines, erroneous charges, 6++ hours of faffing around to close account, crap customer service etc etc. Wouldnt take the risk incase other country branches are the same.
With Lloyds TSB here and in the UK (never closed my account when i left) and they are great.
I did have money in KSF Isle of Man which went tits up with Gordon Browns intervention... only just got me money back. Be careful if putting more than £50k there.
If at all possible stick it in the mainland UK, IoM second, and not any of the channel islands as protection isnt as good or doesnt exist at all there. If it does have to be IoM I have heard good things about Standard Bank on IoM also.
With Lloyds TSB here and in the UK (never closed my account when i left) and they are great.
I did have money in KSF Isle of Man which went tits up with Gordon Browns intervention... only just got me money back. Be careful if putting more than £50k there.
If at all possible stick it in the mainland UK, IoM second, and not any of the channel islands as protection isnt as good or doesnt exist at all there. If it does have to be IoM I have heard good things about Standard Bank on IoM also.