Opening a bank account in the UK as a non-resident
#1
Opening a bank account in the UK as a non-resident
I know it is really tough these days to open a bank account. But anyway, I need to set up a direct debit to the UK and it must come from a UK bank account (which I don't have).
Any idea if there are any banks in the UK which offer accounts for non-residents? The fly in the ointment might be that I cannot get over to the UK in person to open up such an account - it would have to be done remotely.
I looked into some of the offshore accounts (eg, Gibraltar) but to open up a current account they want a minimum balance of 5000 GBP or 10,000 GBP in some cases. I just need to send a direct debit of about 50 GBP per month to the UK & am trying to find a way to do this.
Thx
Any idea if there are any banks in the UK which offer accounts for non-residents? The fly in the ointment might be that I cannot get over to the UK in person to open up such an account - it would have to be done remotely.
I looked into some of the offshore accounts (eg, Gibraltar) but to open up a current account they want a minimum balance of 5000 GBP or 10,000 GBP in some cases. I just need to send a direct debit of about 50 GBP per month to the UK & am trying to find a way to do this.
Thx
#2
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Joined: May 2009
Location: up the mountains,with the goats.,los filabres,almeria,spain.
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Re: Opening a bank account in the UK as a non-resident
wish you well mate. but to be honest,i don't think you will be successful. my wife,myself and my two lads had been in spain for eight years when we decided to go back to the uk. my lads,both teenagers,had completed their education in spain.
they got jobs quite easily in the uk,but to open a bank account was a nightmare. they wanted to save and we tried three or so building societies and a couple of banks. each time the story was the same...they had to furnish proof of residence,i.e. bills etc from their address. as i paid all the bills,there was nothing in their name. they were told to come back in three months time and re-apply.
i finally took them to my bank,got an appointment with a manager immediately,told him the problem(i have been a customer of his for over 30 years),and he opened two new accounts for the boys. at each of the companies we had approached,the staff were very sorry to turn us away,but mr. blair had brought these rules in to stop drug and money laundering and as usual with that idiot,it affected the innocent and not the mr.biggs of the cocaine fraternity.
like i said at the beginning,i wish you all the very best in trying but please be prepared for a refusal(with a smile of course).
they got jobs quite easily in the uk,but to open a bank account was a nightmare. they wanted to save and we tried three or so building societies and a couple of banks. each time the story was the same...they had to furnish proof of residence,i.e. bills etc from their address. as i paid all the bills,there was nothing in their name. they were told to come back in three months time and re-apply.
i finally took them to my bank,got an appointment with a manager immediately,told him the problem(i have been a customer of his for over 30 years),and he opened two new accounts for the boys. at each of the companies we had approached,the staff were very sorry to turn us away,but mr. blair had brought these rules in to stop drug and money laundering and as usual with that idiot,it affected the innocent and not the mr.biggs of the cocaine fraternity.
like i said at the beginning,i wish you all the very best in trying but please be prepared for a refusal(with a smile of course).
#3
Re: Opening a bank account in the UK as a non-resident
wish you well mate. but to be honest,i don't think you will be successful. my wife,myself and my two lads had been in spain for eight years when we decided to go back to the uk. my lads,both teenagers,had completed their education in spain.
they got jobs quite easily in the uk,but to open a bank account was a nightmare. they wanted to save and we tried three or so building societies and a couple of banks. each time the story was the same...they had to furnish proof of residence,i.e. bills etc from their address. as i paid all the bills,there was nothing in their name. they were told to come back in three months time and re-apply.
i finally took them to my bank,got an appointment with a manager immediately,told him the problem(i have been a customer of his for over 30 years),and he opened two new accounts for the boys. at each of the companies we had approached,the staff were very sorry to turn us away,but mr. blair had brought these rules in to stop drug and money laundering and as usual with that idiot,it affected the innocent and not the mr.biggs of the cocaine fraternity.
like i said at the beginning,i wish you all the very best in trying but please be prepared for a refusal(with a smile of course).
they got jobs quite easily in the uk,but to open a bank account was a nightmare. they wanted to save and we tried three or so building societies and a couple of banks. each time the story was the same...they had to furnish proof of residence,i.e. bills etc from their address. as i paid all the bills,there was nothing in their name. they were told to come back in three months time and re-apply.
i finally took them to my bank,got an appointment with a manager immediately,told him the problem(i have been a customer of his for over 30 years),and he opened two new accounts for the boys. at each of the companies we had approached,the staff were very sorry to turn us away,but mr. blair had brought these rules in to stop drug and money laundering and as usual with that idiot,it affected the innocent and not the mr.biggs of the cocaine fraternity.
like i said at the beginning,i wish you all the very best in trying but please be prepared for a refusal(with a smile of course).
I'm thinking about "cheating". Perhaps I could get someone in the Uk to open up an account in their name - perhaps one of the online banks, but then use it as my own.
#4
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Joined: Jul 2006
Location: Leigh, Lancs. Ex Valencia!
Posts: 1,778
Re: Opening a bank account in the UK as a non-resident
I have recently returned to the UK and had huge problems opening an account. All the banks wanted proof of address etc. The only one that I managed to find helpful was Lloyds TSB, they will open an account using just your passport as proof of ID .
#5
Re: Opening a bank account in the UK as a non-resident
I have plenty of proof of address - household bills, deeds, etc, etc. Of course it is a Spanish address, but if these banks offer a non-resident's account then a non-UK address should be ok.....shouldn't it??
#6
Ex Expat
Joined: Oct 2006
Location: West Midlands, ex Granada province
Posts: 2,140
Re: Opening a bank account in the UK as a non-resident
I have opened a Bank Account at Nationwide when I was Spanish resident (although I was at the UK at the time and did it in person).
I told the guy that I was Spanish resident, but owned a house in the UK. He asked what address was on my driving licence. I told him my UK one and was able to open a current account there and then.
I told the guy that I was Spanish resident, but owned a house in the UK. He asked what address was on my driving licence. I told him my UK one and was able to open a current account there and then.
#7
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Joined: Nov 2003
Location: Chiclana
Posts: 3,327
Re: Opening a bank account in the UK as a non-resident
I actually wrote to my European Member of Parliament on this subject and got the following reply from his researcher.
UK Banking: identification requirements for opening a personal account
The legislation encompassing the UK banking industry is substantial and has been modified and updated significantly in recent years. Many additional measures and safeguards have been implemented to tighten the system in the aftermath of the 9/11 terrorist attacks in the USA. One of the key pieces of legislation in regard to current personal banking is the Money Laundering Regulations 2007 .
Under the legislation banks have a certain amount of freedom in the manner in which they fulfil the regulations’ stipulations. The Joint Money laundering Steering Group gives firms guidance on what they may accept as proof of identity. Thus in regard to opening a personal bank account the requirements of banks’ vary and therefore it is not possible to be absolutely definite about what documents they will accept. The documents that can be accepted differ from bank to bank. However, it is commonplace for three key pieces of information to be established:
• full name
• residential address
• date of birth
Initial identification is a key element of the anti money laundering regime both in the UK and internationally. Customer identity serves a number of purposes:
• deterring use of the financial system for purposes of financial crime;
• helping firms to counter use of their products by people with false or stolen identities;
• helping firms to counter fraud;
• providing a start-point for wider Know Your Customer information and a basis for ongoing monitoring/awareness; and
• being a source of valuable intelligence to law enforcement in investigating and dealing with crime.
However, it is still possible to open a British bank account without being a resident in the UK. The following products are available (as advertised by the British Bankers’ Association) for people who are non-UK residents:
Barclays:
http://www.barclayswealth.com/international.htm
HSBC:
http://www.hsbc.co.uk/1/2/personal/t...NgPu:12c58nn8e
Lloyds TSB:
http://www.lloydstsb-offshore.com/in...ional/account/
UK Banking: identification requirements for opening a personal account
The legislation encompassing the UK banking industry is substantial and has been modified and updated significantly in recent years. Many additional measures and safeguards have been implemented to tighten the system in the aftermath of the 9/11 terrorist attacks in the USA. One of the key pieces of legislation in regard to current personal banking is the Money Laundering Regulations 2007 .
Under the legislation banks have a certain amount of freedom in the manner in which they fulfil the regulations’ stipulations. The Joint Money laundering Steering Group gives firms guidance on what they may accept as proof of identity. Thus in regard to opening a personal bank account the requirements of banks’ vary and therefore it is not possible to be absolutely definite about what documents they will accept. The documents that can be accepted differ from bank to bank. However, it is commonplace for three key pieces of information to be established:
• full name
• residential address
• date of birth
Initial identification is a key element of the anti money laundering regime both in the UK and internationally. Customer identity serves a number of purposes:
• deterring use of the financial system for purposes of financial crime;
• helping firms to counter use of their products by people with false or stolen identities;
• helping firms to counter fraud;
• providing a start-point for wider Know Your Customer information and a basis for ongoing monitoring/awareness; and
• being a source of valuable intelligence to law enforcement in investigating and dealing with crime.
However, it is still possible to open a British bank account without being a resident in the UK. The following products are available (as advertised by the British Bankers’ Association) for people who are non-UK residents:
Barclays:
http://www.barclayswealth.com/international.htm
HSBC:
http://www.hsbc.co.uk/1/2/personal/t...NgPu:12c58nn8e
Lloyds TSB:
http://www.lloydstsb-offshore.com/in...ional/account/
#8
Re: Opening a bank account in the UK as a non-resident
I looked into some of the offshore accounts (eg, Gibraltar) but to open up a current account they want a minimum balance of 5000 GBP or 10,000 GBP in some cases. I just need to send a direct debit of about 50 GBP per month to the UK & am trying to find a way to do this.
Thx
Thx
There used to be a requirement of a minimum balance of £500 with Barclays to receive free banking.
Natwest on their website do not mention any minimum balance, take a look at their Step Account
http://www.natwestinternational.com/...p-account.ashx
#9
Re: Opening a bank account in the UK as a non-resident
I know it is really tough these days to open a bank account. But anyway, I need to set up a direct debit to the UK and it must come from a UK bank account (which I don't have).
Any idea if there are any banks in the UK which offer accounts for non-residents? The fly in the ointment might be that I cannot get over to the UK in person to open up such an account - it would have to be done remotely.
I looked into some of the offshore accounts (eg, Gibraltar) but to open up a current account they want a minimum balance of 5000 GBP or 10,000 GBP in some cases. I just need to send a direct debit of about 50 GBP per month to the UK & am trying to find a way to do this.
Thx
Any idea if there are any banks in the UK which offer accounts for non-residents? The fly in the ointment might be that I cannot get over to the UK in person to open up such an account - it would have to be done remotely.
I looked into some of the offshore accounts (eg, Gibraltar) but to open up a current account they want a minimum balance of 5000 GBP or 10,000 GBP in some cases. I just need to send a direct debit of about 50 GBP per month to the UK & am trying to find a way to do this.
Thx
Has your Spanish Bank a branch in the Uk that might help?
#10
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Joined: May 2009
Location: up the mountains,with the goats.,los filabres,almeria,spain.
Posts: 368
Re: Opening a bank account in the UK as a non-resident
nationwide was one of the building societies i tried in my vain attempt to open an account for my two lads. was told,quite politely,that proof of residence was needed,utility bills in their names. they wouldn't budge. they said i could apply there and then, and then come back in three months with the boys. this,apparently,would prove to the nationwide that they had been living in the uk(doncaster in fact)for the appropriate three months.
i got the same answer at the barnsley building society(a giant in the trade!!), barclays bank,the midland bank, and lloyds. all told the same story...sorry,would love your business but.....
our little freedoms are slowly being chipped away. my mate,still living in doncaster,tells me the uk resembles poland or czechoslovakia in the 70's. grim and grey and ruled by little men.
i got the same answer at the barnsley building society(a giant in the trade!!), barclays bank,the midland bank, and lloyds. all told the same story...sorry,would love your business but.....
our little freedoms are slowly being chipped away. my mate,still living in doncaster,tells me the uk resembles poland or czechoslovakia in the 70's. grim and grey and ruled by little men.
#11
Ex Expat
Joined: Oct 2006
Location: West Midlands, ex Granada province
Posts: 2,140
Re: Opening a bank account in the UK as a non-resident
nationwide was one of the building societies i tried in my vain attempt to open an account for my two lads. was told,quite politely,that proof of residence was needed,utility bills in their names. they wouldn't budge. they said i could apply there and then, and then come back in three months with the boys. this,apparently,would prove to the nationwide that they had been living in the uk(doncaster in fact)for the appropriate three months.
i got the same answer at the barnsley building society(a giant in the trade!!), barclays bank,the midland bank, and lloyds. all told the same story...sorry,would love your business but.....
our little freedoms are slowly being chipped away. my mate,still living in doncaster,tells me the uk resembles poland or czechoslovakia in the 70's. grim and grey and ruled by little men.
i got the same answer at the barnsley building society(a giant in the trade!!), barclays bank,the midland bank, and lloyds. all told the same story...sorry,would love your business but.....
our little freedoms are slowly being chipped away. my mate,still living in doncaster,tells me the uk resembles poland or czechoslovakia in the 70's. grim and grey and ruled by little men.
#12
Re: Opening a bank account in the UK as a non-resident
Veleta are you sure about these figures?
There used to be a requirement of a minimum balance of £500 with Barclays to receive free banking.
Natwest on their website do not mention any minimum balance, take a look at their Step Account
http://www.natwestinternational.com/...p-account.ashx
There used to be a requirement of a minimum balance of £500 with Barclays to receive free banking.
Natwest on their website do not mention any minimum balance, take a look at their Step Account
http://www.natwestinternational.com/...p-account.ashx
One of my banks is INGDirect. However, I'm told they don't offer non-resident accounts.
My other bank is Banco Sabadell, but I don't think they have branches in the UK, although to be honest I have never checked that option out.
#13
Re: Opening a bank account in the UK as a non-resident
However, it is still possible to open a British bank account without being a resident in the UK. The following products are available (as advertised by the British Bankers’ Association) for people who are non-UK residents:
Barclays:
http://www.barclayswealth.com/international.htm
HSBC:
http://www.hsbc.co.uk/1/2/personal/t...NgPu:12c58nn8e
Lloyds TSB:
http://www.lloydstsb-offshore.com/in...ional/account/
I can eliminate the Lloyds Offshore immediately - 75 GBP per year account fees for a current account and mega expensive to run. And people say Spanish banks are expensive??
The other two I haven't looked at yet, although I'm a bit sceptical about the one called BarclaysWealth - again it kind of sounds like they are after big time investors.
#14
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Joined: May 2009
Location: up the mountains,with the goats.,los filabres,almeria,spain.
Posts: 368
#15
Ex Expat
Joined: Oct 2006
Location: West Midlands, ex Granada province
Posts: 2,140
Re: Opening a bank account in the UK as a non-resident
we av them whippet dogs round ower tun, too, ower kid. An pit bulls an Staffies. They'm bostin!
Last edited by scampicat; Dec 3rd 2009 at 12:08 pm.