My UK bank account when in the US
Sep 9th 2006, 2:11 am
#31
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Joined: Nov 2002
Location: Where bad things rarely happen in movies
Posts: 8,933
Re: My UK bank account when in the US
Originally Posted by JAJ
Bank branches in the Channel Islands and Isle of Man may be more used to dealing with non-residents. These are fully integrated into the regular British banking system.
Sep 9th 2006, 2:17 am
#32
Retired
Joined: Apr 2004
Posts: 34,649
Re: My UK bank account when in the US
Originally Posted by Yorkieabroad
Certainly easier to open an offshore account (from most reports, even if its not law, the onshore banks shun non-residents opening new accounts) but most of the offshore banks seem to have a statement to the effect that deposits don't carry the same protection as onshore accounts as they are not covered by the most recent UK financial services compensation
Sep 9th 2006, 1:27 pm
#33
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Joined: Nov 2002
Location: Where bad things rarely happen in movies
Posts: 8,933
Re: My UK bank account when in the US
Originally Posted by JAJ
That may well be true, however the risk is quite low if you invest with a "too large to fail" British clearing bank's branch or subsidiary.
