UK banks closing accounts for no-residents
#1
Josh in Spain
Thread Starter
Joined: Feb 2009
Location: Valencia
Posts: 96
UK banks closing accounts for no-residents
My UK bank, Lloyds, has said it will be closing my current account as I am not a UK resident. The main issue is all my pensions etc are paid into that account as are some DDs for various things in the UK and as I pay UK tax on my Civil Service pension I did not want to change if possible. It seems most UK banks are doing the same - so what ae other people doing? - And is on line banking an option? or are there any banks in the UK that offer current accounts for non- residents? I tried contacting HSBC but their own staff could not tell me although on their website they indicate they do!! Anyone know any better?
#2
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,588
Re: UK banks closing accounts for no-residents
My UK bank, Lloyds, has said it will be closing my current account as I am not a UK resident. The main issue is all my pensions etc are paid into that account as are some DDs for various things in the UK and as I pay UK tax on my Civil Service pension I did not want to change if possible. It seems most UK banks are doing the same - so what ae other people doing? - And is on line banking an option? or are there any banks in the UK that offer current accounts for non- residents? I tried contacting HSBC but their own staff could not tell me although on their website they indicate they do!! Anyone know any better?
#3
Josh in Spain
Thread Starter
Joined: Feb 2009
Location: Valencia
Posts: 96
Re: UK banks closing accounts for non-residents
I changed to HSBC a while back due to this problem with Barclays. I managed to set up my HSBC Account online it took a while as once accepted to apply they use mail to carry out security checks etc. Certainly doable and they send everything to your Spanish address. I have had no issues whatsoever using them since.
#4
Re: UK banks closing accounts for no-residents
I changed to HSBC a while back due to this problem with Barclays. I managed to set up my HSBC Account online it took a while as once accepted to apply they use mail to carry out security checks etc. Certainly doable and they send everything to your Spanish address. I have had no issues whatsoever using them since.
#5
BE Forum Addict
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,120
Re: UK banks closing accounts for no-residents
I am disappointed this has come up again - it seemed that this was sorted out months ago with some banks including Lloyds deciding to keep going in Spain - I am with them but heard nothing so far - guess my letter is in the post.
I will probably switch everything to Wise who I am already set up with....
I will probably switch everything to Wise who I am already set up with....
#6
#7
Josh in Spain
Thread Starter
Joined: Feb 2009
Location: Valencia
Posts: 96
Re: UK banks closing accounts for no-residents
I am disappointed this has come up again - it seemed that this was sorted out months ago with some banks including Lloyds deciding to keep going in Spain - I am with them but heard nothing so far - guess my letter is in the post.
I will probably switch everything to Wise who I am already set up with....
I will probably switch everything to Wise who I am already set up with....
#8
BE Forum Addict
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,120
Re: UK banks closing accounts for no-residents
Ah - Joddle, so your latest post changes everything - as it has not actually happened.
Sept 2020:-
'Lloyds Bank confirmed to The Sunday Times that it will be withdrawing services from Holland, Slovakia, Germany, Ireland, Italy and Portugal – a move that will affect 13,000 British customers.' https://lifestylegroup.es/uk-banks-c...s-brits-spain/
Just checked nothing in my message area.
and Philat98 - 'Wise is not always accepted...' not accepted by whom?
Sept 2020:-
'Lloyds Bank confirmed to The Sunday Times that it will be withdrawing services from Holland, Slovakia, Germany, Ireland, Italy and Portugal – a move that will affect 13,000 British customers.' https://lifestylegroup.es/uk-banks-c...s-brits-spain/
Just checked nothing in my message area.
and Philat98 - 'Wise is not always accepted...' not accepted by whom?
#9
Josh in Spain
Thread Starter
Joined: Feb 2009
Location: Valencia
Posts: 96
Re: UK banks closing accounts for no-residents
Ah - Joddle, so your latest post changes everything - as it has not actually happened.
Sept 2020:-
'Lloyds Bank confirmed to The Sunday Times that it will be withdrawing services from Holland, Slovakia, Germany, Ireland, Italy and Portugal – a move that will affect 13,000 British customers.' https://lifestylegroup.es/uk-banks-c...s-brits-spain/
Just checked nothing in my message area.
and Philat98 - 'Wise is not always accepted...' not accepted by whom?
Sept 2020:-
'Lloyds Bank confirmed to The Sunday Times that it will be withdrawing services from Holland, Slovakia, Germany, Ireland, Italy and Portugal – a move that will affect 13,000 British customers.' https://lifestylegroup.es/uk-banks-c...s-brits-spain/
Just checked nothing in my message area.
and Philat98 - 'Wise is not always accepted...' not accepted by whom?
"EU Exit • If you are no longer a UK resident, we may have to close your account or offer a different level of service and have updated our conditions to reflect this. • We've removed reference to the European Online Dispute Resolution Platform to reflect that the UK is no longer part of the EU"
#11
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,588
Re: UK banks closing accounts for no-residents
There were times I had to speak with the HSBC Help Desk which I assumed was in India, sometimes there was a bit of a wait but were helpful enough . I don't think it took me more than 6 weeks from starting to having the account. I can only describe my experience
#12
Josh in Spain
Thread Starter
Joined: Feb 2009
Location: Valencia
Posts: 96
#14
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,588
Re: UK banks closing accounts for no-residents