UK banks to stop access to funds
#61
Re: UK banks to stop access to funds
I have accounts in the UK and Ireland and have recently had to confirm that I am not a USC.
This is because they are now required to send relevant details to the IRS.
#62
Re: UK banks to stop access to funds
Trump was supposed to ending FATCA. That doesn't look like it's going to happen now.
#66
Forum Regular
Joined: Jan 2016
Location: Cambridge, MA
Posts: 239
Re: UK banks to stop access to funds
The amount of tax free savings income depends on your income tax rate. Higher rate get 500, additional rate gets 0.
Also, it is possible that the tax free interest applies to non-residents too, if you are eligable for
Personal allowance then you get the personal savings allowance too.
Also, it is possible that the tax free interest applies to non-residents too, if you are eligable for
Personal allowance then you get the personal savings allowance too.
#67
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,543
#68
Just Joined
Joined: Dec 2017
Posts: 12
Re: UK banks to stop access to funds
I don't know about that. That too? At the moment my problem lately seems to be PayPal keeps freezing my account just because I'm in Mexico. I'm bloody well "verified" back at home and everything. I even somehow managed to (after having to change my password three times per week the past month just to log-in because their computers detect that mine is in Mexico even THROUGH the VPN's I use...) put my old passport number in, (photocopy from the stolen one) (NI# is already in there). When I finally do log-in the account says there's like £96 even though my brother sent £350 and I've not been able to touch it...then it won't let me transfer any amount whatsoever out into my other debit cards on the account that are not blocking me from using them, not pay for anything using it; every Mexican ATM machine prints me out a ticket saying there's $0 in it (in pesos, of course)...etc.
So I thought the system was just about keeping British/Irish citizens from accessing our own money if we happen to be abroad!! Actually that problem is not HSBC itself but PayPal.
Funny all those years in Canada and the US this NEVER. HAPPENED. Just since I got to Mexico lately!!!
So I thought the system was just about keeping British/Irish citizens from accessing our own money if we happen to be abroad!! Actually that problem is not HSBC itself but PayPal.
Funny all those years in Canada and the US this NEVER. HAPPENED. Just since I got to Mexico lately!!!
#69
Forum Regular
Joined: Aug 2016
Posts: 51
Re: UK banks to stop access to funds
Presumably Paypal has been used for money laundering to/ from Mexico, and has been told to stop it