UK Bank Accounts

Old Aug 17th 2011, 8:25 pm
  #1  
Forum Regular
Thread Starter
 
Reylan's Avatar
 
Joined: Jun 2009
Location: New Zealand
Posts: 284
Reylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to allReylan is a name known to all
Default UK Bank Accounts

Hi There, I think I have read something along these lines before but can't find it now so wonder if anyone can offer some info please.

I'm trying to find out what type of bank accounts I can leave open in the UK when I relocate to NZ. I want to keep my UK current account for rental income and such and then a savings account to hold any money I have so I can perhaps wait until the exchange rate is a little better before I commit it to NZ.

However, I notice that some building societies and banks say that when you become a non resident in the UK (which I need to do for rental tax exemption) the account has to close (apart from an ISA).
Can I ask what other people have done when they have moved please?

Thanks
Reylan is offline  
Old Aug 18th 2011, 2:48 am
  #2  
BE Enthusiast
 
julesnye's Avatar
 
Joined: Apr 2007
Location: Was East Sussex, Now Titirangi, Auckland.
Posts: 771
julesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to beholdjulesnye is a splendid one to behold
Default Re: UK Bank Accounts

I have a current account with the halifax and I've been here over two years and they send me statements etc.
julesnye is offline  
Old Aug 18th 2011, 3:12 am
  #3  
BE Forum Addict
 
Joined: Oct 2006
Posts: 1,820
UKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond reputeUKNZAUS has a reputation beyond repute
Default Re: UK Bank Accounts

Originally Posted by Reylan View Post
However, I notice that some building societies and banks say that when you become a non resident in the UK (which I need to do for rental tax exemption) the account has to close (apart from an ISA).
Can I ask what other people have done when they have moved please?

Thanks
I have 2 accounts with Nationwide still open in the UK and I've been here for over 4 years. I changed the address to my Mum's and my statements go there but they know I'm in NZ
UKNZAUS is offline  
Old Aug 18th 2011, 3:14 am
  #4  
221b Baker Street
 
Sherlock Holmes's Avatar
 
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Sherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond repute
Default Re: UK Bank Accounts

Lloyds Bank now for 5 years. Pay my pension (not old age!) into it and they send me statements, debit cards etc. to my Australian address. And it's still free banking.
Sherlock Holmes is offline  
Old Aug 18th 2011, 3:49 am
  #5  
Forum Regular
 
Joined: Jul 2011
Location: Christchurch
Posts: 39
chauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to allchauxfleur is a name known to all
Smile Re: UK Bank Accounts

I did a bit of research with my UK bank and will be keeping my account open and giving my mum authorisation to access the account / make transfers etc in the UK in an emergency... My bank were really helpful about it and didn't have any issue with keeping the account open whilst I'm away.

Not sure about savings and transferring money to NZ - Westpac Migrant Banking team told my mum would have to fill in an international money transfer form in their uk branch. In London. She lives in Leeds. We are researching international money transfer agents!
chauxfleur is offline  
Old Aug 18th 2011, 6:20 am
  #6  
BE Forum Addict
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,282
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: UK Bank Accounts

Originally Posted by julesnye View Post
I have a current account with the halifax and I've been here over two years and they send me statements etc.
Ditto, had one now for the 6 yrs I have been in NZ that was opened in the UK well before we left. They know we are here and send our statements to our NZ address. I think you are confusing it with you CANNOT open an account for a british bank once you have left the UK unless it is an offshore account.
Genesis is offline  
Old Aug 18th 2011, 6:26 am
  #7  
BE Enthusiast
 
Joined: May 2010
Posts: 524
Robbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond reputeRobbie2010 has a reputation beyond repute
Default Re: UK Bank Accounts

Got Coop bank account & Visa card, internet banking etc and statements get sent to my NZ address ... been here 7 yrs and had no problems
Robbie2010 is offline  
Old Aug 18th 2011, 6:48 am
  #8  
221b Baker Street
 
Sherlock Holmes's Avatar
 
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Sherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond reputeSherlock Holmes has a reputation beyond repute
Default Re: UK Bank Accounts

Originally Posted by chauxfleur View Post
I did a bit of research with my UK bank and will be keeping my account open and giving my mum authorisation to access the account / make transfers etc in the UK in an emergency... My bank were really helpful about it and didn't have any issue with keeping the account open whilst I'm away.

Not sure about savings and transferring money to NZ - Westpac Migrant Banking team told my mum would have to fill in an international money transfer form in their uk branch. In London. She lives in Leeds. We are researching international money transfer agents!
www.tranzfers.com

easy.
Sherlock Holmes is offline  
Old Aug 18th 2011, 8:51 am
  #9  
Forum Regular
 
Joined: Jun 2010
Location: BoP
Posts: 170
johnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nicejohnht is just really nice
Default Re: UK Bank Accounts

Originally Posted by Reylan View Post
However, I notice that some building societies and banks say that when you become a non resident in the UK (which I need to do for rental tax exemption) the account has to close (apart from an ISA).
Can I ask what other people have done when they have moved please?

Thanks
Perhaps that's because they don't want the hassle of paying any interest tax free on certain types of account? (Just a guess om my part)
I have recently checked with Halifax and RBS for current accounts. Halifax said as long as the account is already open you can operate it from abroad, I got the impression that their 'official' line was that it was ok for a few months to help tidy up affairs in the UK, but not long term though they wouldn't chase you to close it down as long as things were going smoothly. RBS just said yes no problem especially as I get electronic statements, not postal ones.

John.
johnht is offline  
Old Aug 19th 2011, 12:09 am
  #10  
BE Forum Addict
 
Joined: Jan 2003
Location: Brisbane
Posts: 1,562
Kiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to behold
Default Re: UK Bank Accounts

I left UK in 92, still have a Barclays account and when I need to I pull money from a local ATM. They know I'm in Oz, and they send me replacements cards and statements to my OZ add.
Kiwipaul is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


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

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.