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  #21  
Old 24.09.2020, 22:08
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Re: UK Bank Accounts No Longer Offered in EU

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what is here does not make sense to you??
Why you are pushing EFs to take risky investments.
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  #22  
Old 25.09.2020, 03:37
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Re: UK Bank Accounts No Longer Offered in EU

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how does it not make sense??

you can use digital cryptocurrency like USDT USDC and hold it in your digital private ledger and no goverment has no control over it and to exchange this in to money you can do completely tax free

what is here does not make sense to you??
Unlike you I fully under stand how it works. For whatever reason, you fail to appreciate that the fact that you rely on a system that is fully regulated to give purchasing power to your digital currency makes you vulnerable to their control.

The sudden evaporation of bank secrecy should be a warning to you.
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  #23  
Old 25.09.2020, 08:30
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Re: UK Bank Accounts No Longer Offered in EU

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how does it not make sense??

you can use digital cryptocurrency like USDT USDC and hold it in your digital private ledger and no goverment has no control over it and to exchange this in to money you can do completely tax free



what is here does not make sense to you??
The tax free bit depends on your country of residence, You state Europe so quire likely to have tax implications.
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  #24  
Old 25.09.2020, 08:51
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Re: UK Bank Accounts No Longer Offered in EU

It is relatively easy to obtain a UK mailing address. Just search for UK mail forwarding. Companies there will provide you with a UK street address. Depending on their services some will forward mail anywhere on the planet or made a copy and email it to you.

It isn’t free, but it is an option.

Can also be used to forward parcels when the retailer won’t ship to Switzerland.
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  #25  
Old 25.09.2020, 09:02
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Re: UK Bank Accounts No Longer Offered in EU

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It is relatively easy to obtain a UK mailing address. Just search for UK mail forwarding. Companies there will provide you with a UK street address. Depending on their services some will forward mail anywhere on the planet or made a copy and email it to you.

It isnít free, but it is an option.

Can also be used to forward parcels when the retailer wonít ship to Switzerland.
Is it just an address or UK residence that is required?
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  #26  
Old 25.09.2020, 09:48
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Re: UK Bank Accounts No Longer Offered in EU

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Is it just an address or UK residence that is required?
From what people have said the letters being sent say if you donít have a mailing address in the UK, your account will be closed.

But it is a good question.
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  #27  
Old 25.09.2020, 09:55
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Re: UK Bank Accounts No Longer Offered in EU

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It is relatively easy to obtain a UK mailing address. Just search for UK mail forwarding. Companies there will provide you with a UK street address. Depending on their services some will forward mail anywhere on the planet or made a copy and email it to you.

It isnít free, but it is an option.

Can also be used to forward parcels when the retailer wonít ship to Switzerland.
And thatís why they ask you for things like utility bills etc to satisfy MLA rules.
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  #28  
Old 25.09.2020, 09:59
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Re: UK Bank Accounts No Longer Offered in EU

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And thatís why they ask you for things like utility bills etc to satisfy MLA rules.
Does everyone in the UK get utility bills? Or is there just one per household?
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  #29  
Old 25.09.2020, 10:29
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Re: UK Bank Accounts No Longer Offered in EU

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Does everyone in the UK get utility bills? Or is there just one per household?
One per household, of course. But they have other ways of demanding proof of residence.

I've had several accounts with a UK bank (a member of the HSBC group) for 25 years. I've moved countries several times over that period, always with the full knowledge of the bank (they continued to mail correspondence to me at all my addresses abroad). Over the last couple of years, though, the bank has been subtly ratcheting up the difficulty in dealing with them, or rather, they have been applying governmental requirements that make it difficult to deal with them. It came to a head last month when I refused to supply any more information to them and told them to close my accounts. They seemed delighted to do so, I must say.
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  #30  
Old 11.05.2021, 14:15
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Re: UK Bank Accounts No Longer Offered in EU

To revive this, I've just had a letter from TSB saying that my account will be closed in July. I've had the account for years, first with Lloyds, and had no problems when I moved from the UK. Now they are apparently gradually closing all their foreign resident accounts, EU or not.

Has anyone else had their account at a UK bank closed? I'm assuming opening another account elsewhere won't be possible as no longer have a UK address. Are there other options - as far as I can see, international accounts with Barclays, Lloyds, etc, require large deposits.
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  #31  
Old 11.05.2021, 14:21
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Re: UK Bank Accounts No Longer Offered in EU

With tools like Revolut, Transferwise and others, why do you need an UK account?
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  #32  
Old 11.05.2021, 14:53
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Re: UK Bank Accounts No Longer Offered in EU

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With tools like Revolut, Transferwise and others, why do you need an UK account?
Because if you have financial commitments in the UK it is much easier if you have a UK account with sort-code etc.

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To revive this, I've just had a letter from TSB saying that my account will be closed in July. I've had the account for years, first with Lloyds, and had no problems when I moved from the UK. Now they are apparently gradually closing all their foreign resident accounts, EU or not.

Has anyone else had their account at a UK bank closed? I'm assuming opening another account elsewhere won't be possible as no longer have a UK address. Are there other options - as far as I can see, international accounts with Barclays, Lloyds, etc, require large deposits.
I closed my account with Barclays (International) when they put the fees up, and moved everything to Transferwise.

Absolutely no problems with the direct debits or anything else.

Of course you pay fees for doing stuff like online payments, but I think it probably comes to a couple of pounds per quarter.
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  #33  
Old 11.05.2021, 14:59
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Re: UK Bank Accounts No Longer Offered in EU

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Because if you have financial commitments in the UK it is much easier if you have a UK account with sort-code etc.
Yes, exactly - it is very useful, and also as I've had it so long I don't want to part with it.
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  #34  
Old 11.05.2021, 15:14
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Re: UK Bank Accounts No Longer Offered in EU

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To revive this, I've just had a letter from TSB saying that my account will be closed in July. I've had the account for years, first with Lloyds, and had no problems when I moved from the UK. Now they are apparently gradually closing all their foreign resident accounts, EU or not.

Has anyone else had their account at a UK bank closed? I'm assuming opening another account elsewhere won't be possible as no longer have a UK address. Are there other options - as far as I can see, international accounts with Barclays, Lloyds, etc, require large deposits.
I heard of someone else who called them and reminded them that Switzerland isn't in the EU and that worked. Many (but not all) banks don't want the obligation of information sharing. If you have an address in the UK that you could use (like your parents) then that might work. I had delayed it but recently had to declare to Santander that I was (also) resident in Switzerland. I have a UK address with them. Having a UK account is a key into the UK savings market, should it pick up again. For example National Savings are open to non-residents but you have to have a UK bank account. I don't know if a UK revolut or transferwise account would be sufficient.
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  #35  
Old 11.05.2021, 15:57
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Re: UK Bank Accounts No Longer Offered in EU

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I heard of someone else who called them and reminded them that Switzerland isn't in the EU and that worked. Many (but not all) banks don't want the obligation of information sharing.
Yes, I thought of that too and called this morning to remind them - and was told that it made no difference, that they are a UK bank and are closing all foreign-held accounts. TSB is not big and has no international presence, so presumably as you say they don't want the hassle of information sharing.

TransferWise looks like it might be the answer - a UK account/IBAN number, so payments can still be made.
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  #36  
Old 11.05.2021, 16:05
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Re: UK Bank Accounts No Longer Offered in EU

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To revive this, I've just had a letter from TSB saying that my account will be closed in July. I've had the account for years, first with Lloyds, and had no problems when I moved from the UK. Now they are apparently gradually closing all their foreign resident accounts, EU or not.

Has anyone else had their account at a UK bank closed? I'm assuming opening another account elsewhere won't be possible as no longer have a UK address. Are there other options - as far as I can see, international accounts with Barclays, Lloyds, etc, require large deposits.
I'm with nationwide and luckily can still have my account. I think the problem you'll have is that you can't open a new account with UK provider if resident abroad. Maybe you could use a UK address to open a new account with UK high street bank (whichever you like) then change that address to Swiss address once opened. I'm not convinced that would definitely work but worth a try?? If not like other posters suggest revolut, wise etc might be the only way forward?
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  #37  
Old 11.05.2021, 17:33
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Re: UK Bank Accounts No Longer Offered in EU

Got a letter from Barclays back in January saying they were going to do individual checks on foreign accounts and decide whether to close or not; haven't heard anything since. NatWest - not a peep out of them one way or the other.
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  #38  
Old 11.05.2021, 22:46
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Re: UK Bank Accounts No Longer Offered in EU

You still can with most British banks.

If you have an issue try the new age banks like Metro and Monzo.

https://www.metrobankonline.co.uk/ba...onal-account/#
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  #39  
Old 12.05.2021, 09:28
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Re: UK Bank Accounts No Longer Offered in EU

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You still can with most British banks.

If you have an issue try the new age banks like Metro and Monzo.

https://www.metrobankonline.co.uk/ba...onal-account/#
Do you have any actual evidence of this "most British banks" statement - everyone else believes this is not the case.

And the one link you posted is a counter-example - step one of the Metro bank application:

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Are you all of the following?
18+
A UK resident
To be classed as a UK resident you should have your main home in the UK, and you should have been in the UK for at least six of the last 12 months
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  #40  
Old 12.05.2021, 09:58
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Re: UK Bank Accounts No Longer Offered in EU

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Do you have any actual evidence of this "most British banks" statement - everyone else believes this is not the case.

And the one link you posted is a counter-example - step one of the Metro bank application:
I have had a Lloyds current account for over 40 years and have received NO suggestion that they will close my account. They have been aware of my Swiss address for 32 years.

People don't start a thread "My UK Bank still wants me as a customer"...
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