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Options for UK account - Wise, HSBC or someone else?

Options for UK account - Wise, HSBC or someone else?

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Old May 21st 2024, 6:02 am
  #1  
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Default Options for UK account - Wise, HSBC or someone else?

Hi

My IF account has finally been closed :-( So looking for a GBP account for the following

NI Contributions
Deposit GBP cheques

Wondering if a Wise account can do this or do I need to go for an HSBC Expat account

Any advice very welcome
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Old May 21st 2024, 7:00 am
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Default Re: Options for UK account - Wise, HSBC or someone else?

I don't think you can deposit checks into a Wise account, it is all electronic transfers.
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Old May 21st 2024, 7:08 am
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Default Re: Options for UK account - Wise, HSBC or someone else?

Originally Posted by lansbury
I don't think you can deposit checks into a Wise account, it is all electronic transfers.
Oh, sounds like I will need the HSBC Expat account then. I have just setup at wise account - all very easy. Hope I can setup Direct Debits to pay the class 2 contributions
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Old May 23rd 2024, 6:06 am
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Default Re: Options for UK account - Wise, HSBC or someone else?

Sort of closing this out for anyone who finds this thread in the future.

I opened a Wise account and also found some people who I think have used it for Class II NI contributions via DD. But I cannot get my head around fees etc.

So I also applied for an HSBC Expat account

Between these 2 I think I can achieve what I need.

Ben
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Old May 27th 2024, 9:48 am
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Default Re: Options for UK account - Wise, HSBC or someone else?

Pretty pissed off with Wise at the moment. Because my regular US account doesn't have all my names (my mum gave me 3!), I had to send documentation that the account is held jointly with my husband and me. I uploaded several documents to prove ownership, but none were acceptable because our US account doesn't have my full name. It wasn't required 24 years ago! I never had this issue with another account that doesn't have my full name. I'm just angry now, but I might consider an alternative company. It's a pity because it has been helpful over the last few years.
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