UK Bank Account for EU residents
Discussion
Received a telephone call this afternoon from Barclays in the UK that WEF 1st January they can't offer banking services to anyone with an address in the EU. The reason that they've phoned is that I hadn't replied to their letters (which I genuinely have not received) to advise me that post Brexit they can no longer provide banking services to UK nationals in the EU. My correspondence address is correct as I receive statements for my various accounts every month.
My options are either to close my accounts, or nominate a UK address for correspondence. I have a valid UK address, but I'm not there very often (not at all now with the Covid situation).
Are there any UK banks who are able to offer accounts to UK nationals who are EU residents? And - more importantly, any who can do everything on-line or over the phone as travel under the current circumstances is difficult.
My options are either to close my accounts, or nominate a UK address for correspondence. I have a valid UK address, but I'm not there very often (not at all now with the Covid situation).
Are there any UK banks who are able to offer accounts to UK nationals who are EU residents? And - more importantly, any who can do everything on-line or over the phone as travel under the current circumstances is difficult.
sunbeam alpine said:
Received a telephone call this afternoon from Barclays in the UK that WEF 1st January they can't offer banking services to anyone with an address in the EU. The reason that they've phoned is that I hadn't replied to their letters (which I genuinely have not received) to advise me that post Brexit they can no longer provide banking services to UK nationals in the EU. My correspondence address is correct as I receive statements for my various accounts every month.
My options are either to close my accounts, or nominate a UK address for correspondence. I have a valid UK address, but I'm not there very often (not at all now with the Covid situation).
Are there any UK banks who are able to offer accounts to UK nationals who are EU residents? And - more importantly, any who can do everything on-line or over the phone as travel under the current circumstances is difficult.
Have you tried contacting the offshore branches of the likes of HSBC or Barclays?My options are either to close my accounts, or nominate a UK address for correspondence. I have a valid UK address, but I'm not there very often (not at all now with the Covid situation).
Are there any UK banks who are able to offer accounts to UK nationals who are EU residents? And - more importantly, any who can do everything on-line or over the phone as travel under the current circumstances is difficult.
The bank I work for is only closing accounts for residents of the Netherlands at the moment, however, the issue you will have is that most banks require you to be a UK resident to open a bank account, so youd have to open it and say you lived in the UK at your UK address, and then later change to overseas, but you may run the risk of them closing it again.
Lloyds have also been closing accounts on expats so don't bother trying them.
So far Santander are saying you can't open new accounts or access some services, but you can keep existing accounts https://www.santander.co.uk/personal/support/custo...
For some reason the Netherlands and one other country (Slovakia or Slovenia I think) seem to be more of an issue than other countries for several banks
So far Santander are saying you can't open new accounts or access some services, but you can keep existing accounts https://www.santander.co.uk/personal/support/custo...
For some reason the Netherlands and one other country (Slovakia or Slovenia I think) seem to be more of an issue than other countries for several banks
HootersGsy said:
sunbeam alpine said:
Received a telephone call this afternoon from Barclays in the UK that WEF 1st January they can't offer banking services to anyone with an address in the EU. The reason that they've phoned is that I hadn't replied to their letters (which I genuinely have not received) to advise me that post Brexit they can no longer provide banking services to UK nationals in the EU. My correspondence address is correct as I receive statements for my various accounts every month.
My options are either to close my accounts, or nominate a UK address for correspondence. I have a valid UK address, but I'm not there very often (not at all now with the Covid situation).
Are there any UK banks who are able to offer accounts to UK nationals who are EU residents? And - more importantly, any who can do everything on-line or over the phone as travel under the current circumstances is difficult.
Have you tried contacting the offshore branches of the likes of HSBC or Barclays?My options are either to close my accounts, or nominate a UK address for correspondence. I have a valid UK address, but I'm not there very often (not at all now with the Covid situation).
Are there any UK banks who are able to offer accounts to UK nationals who are EU residents? And - more importantly, any who can do everything on-line or over the phone as travel under the current circumstances is difficult.
There's still the possibility that some kind of Brexit deal could be done for financial services but the reality is that banks and other FS companies in the UK have already implemented their hard Brexit plans - which you have been caught in based on your address. This EU business will probably never come back to the UK - and vice-versa.
Your nationality is not relevant - it's where you live. Without a deal, there's no agreement on reciprocal things like regulatory protection. Eg. why should the UK offer the FSCS to French residents if the French don't offer the equivalent to UK residents?
Have Barclays not at least offered you the services of their EU entity?
Maybe you could work around this by changing to your UK address and then get your post forwarded.
Your nationality is not relevant - it's where you live. Without a deal, there's no agreement on reciprocal things like regulatory protection. Eg. why should the UK offer the FSCS to French residents if the French don't offer the equivalent to UK residents?
Have Barclays not at least offered you the services of their EU entity?
Maybe you could work around this by changing to your UK address and then get your post forwarded.
sunbeam alpine said:
My options are either to close my accounts, or nominate a UK address for correspondence. I have a valid UK address, but I'm not there very often (not at all now with the Covid situation).
Just on that point: you could redirect all post for perhaps £60 a year (“perhaps” ‘cos I haven’t checked they will redirect abroad!!)Just after I wrote yesterday my mate who worked in Paris for RBS said that they were continuing to use his current French address to pay his RBS pension into his old account.
Just in case, he has also opened an account in Jersey, they required a deposit of £25k to make the account worth their while.
Just in case, he has also opened an account in Jersey, they required a deposit of £25k to make the account worth their while.
Revisiting this thread, the lack of a UK bank account is causing me quite a few problems. My Barclays accounts are now closed (my accountant suggested that nominating a UK address wouldn't be a good idea) and I'm getting charged €18 per transaction, even though I have a sterling account over here.
Bloody Hamptons wanted to charge me £36 per property per month to transfer rental income over here, but I've managed to get that seriously reduced. Even so, it's costing me up to €500 extra per month.
Anyone have any new suggestions?
Bloody Hamptons wanted to charge me £36 per property per month to transfer rental income over here, but I've managed to get that seriously reduced. Even so, it's costing me up to €500 extra per month.
Anyone have any new suggestions?
CharlesdeGaulle said:
I've gone paperless and use my brother's address in the UK. Anyone that could do that for you?
I have a UK address, it's just that I don't spend a lot of time there. In the small print that Barclays wanted me to sign, it stated that I was signing to confirm that I was resident in the UK for tax purposes, which I'm not. What I need is a UK bank account. I'm in a position to deposit a reasonable sum if this is required or makes it easier.
sunbeam alpine said:
I have a UK address, it's just that I don't spend a lot of time there. In the small print that Barclays wanted me to sign, it stated that I was signing to confirm that I was resident in the UK for tax purposes, which I'm not.
I have a home in the UK and still pay a lot of tax there. QED, I answer yes.On top of the tax that i pay in the UK, I pay another tranche to France as i live here more than 183days
rdjohn said:
sunbeam alpine said:
I have a UK address, it's just that I don't spend a lot of time there. In the small print that Barclays wanted me to sign, it stated that I was signing to confirm that I was resident in the UK for tax purposes, which I'm not.
I have a home in the UK and still pay a lot of tax there. QED, I answer yes.On top of the tax that i pay in the UK, I pay another tranche to France as i live here more than 183days
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