Can I have a UK bank account while living abroad? (2024)

Can I have a UK bank account while living abroad?

If your bank doesn't let you keep your UK account once you move overseas, you'll need to explore alternative options. An offshore bank account for UK expats could be a good solution, especially if your current bank offers one. You can get in touch to discuss making the switch over to an international account.

Can I keep a UK bank account if I move abroad?

So, the answer to the question, “can I keep my UK bank account if I move abroad?”, is yes. Keeping your UK bank account open after moving overseas is the first option and there are a couple of reasons why you might choose to do this.

Can you have a UK bank account without living in the UK?

UK Bank Account for Non-Residents – Documents Needed

To open a bank account, you will need identification. As a non-resident, opening a UK bank account will require a passport and drivers' license, but your bank may also request other documents, particularly one that shows your current address.

Are UK banks closing accounts of non residents?

Many British expats have had their UK bank accounts closed recently, as the financial sector continues to adjust to post-Brexit Britain. This could be a major headache for anyone receiving a private pension or investment income.

Can I have a bank account in the UK if I live abroad Santander?

To apply for any Santander UK plc product, you need to be a resident of the UK.

Can I have a bank account in the UK if I live in the USA?

There are numerous large UK banks that provide foreign accounts made especially for non-residents. For those who lack the necessary paperwork to demonstrate their UK address, they are a fantastic alternative. An international account can be opened online and managed from a different country.

Can a US resident have a UK bank account?

Yes, US citizen's can open either a bank account with a UK bank or an account with a specialist provider. However, non-residents will need to provide identification, such as a passport or drivers' license alongside other possible requested documents, like proof of address.

Which UK bank accepts non residents?

The top-rated UK banks for non-residents are Barclays, Lloyds Bank, Halifax, and Starling Bank. Each bank offers its own unique set of services. For instance, Lloyds Bank provides international money transfer services, such as international bank or savings accounts, for non-residents.

Which UK bank is best for expats?

Standard Bank Optimum Account

Ideal for expats needing sterling, dollar (US and AU), or euro transactional banking, flexibility across borders, access to FX, savings, and lending services, and digital solutions like internet and mobile banking. Key Details: Minimum Balance: £5,000 (currency equivalent applies).

Is Barclays closing accounts for non UK residents?

Most Barclays current and savings account holders with registered addresses outside of the UK will have their accounts closed. Barclays' UK personal savings and current accounts will, however, remain available to those based in so-called 'Crown Dependencies' (Guernsey, Jersey, and the Isle of Man).

Why are Barclays closing expat accounts?

Barclays stated that the move is part of a global strategy to focus on providing a banking service in a limited number of countries, which don't include Cyprus, Malta or Greece – unless the individual is classed as “high net worth” (i.e. has deposits of over £100,000).

Can I have a Lloyds bank account if I live abroad?

Does Lloyds offer savings accounts to customers who live outside of the UK? No, however Lloyds Banking Group offers international banking services, including a range of savings products, to overseas customers through Lloyds Bank Corporate Markets plc.

Can I have a NatWest account if I live abroad?

Some of our accounts have extra eligibility criteria required to apply. If applicable, you can find these on the webpage for the account you're interested in. If you aren't a resident in the UK you won't be able to open a bank account with NatWest.

Which UK bank is international?

Halifax- international payments. HSBC - international money transfer. Wise - international transfer HSBC. Lloyds Bank - international payments.

Can I still have a UK bank account after Brexit?

I am an EU citizen living in the UK. Will I still be able to keep my current account or savings account after Brexit? Yes, you will.

Can I open a bank account with just my passport?

Acceptable Forms of ID for Banks

Most banks request two forms of government issued ID. Financial institutions that require two forms of ID may want at least one of the IDs to be a photo ID. This can include photos on a Passport or Driver's license.

What banks are in both US and UK?

Can I live abroad and have a US bank account?

Yes, non-resident aliens are able to open US bank accounts. They still need to provide the required documentation to prove their identity, address, and employment as well as a US Taxpayer document.

Can I open a UK bank account before I move?

Alternatively, you may be eligible to open a UK bank account ahead of your move. With HSBC you can open an overseas account in over 30 countries and regions (including the UK). You can do it online or through your local HSBC International Banking Centre before you move, or once you've arrived at your destination.

Do I pay tax on UK savings if I live abroad?

If you live abroad and are employed in the UK, your tax is calculated automatically on the days you work in the UK. Income Tax is no longer automatically taken from interest on savings and investments.

Can you open a UK bank account online?

You can apply for a Barclays Bank Account through the Barclays app – available from the UK App Store or UK Play Store. You'll need proof of ID, three years of your address history and a UK mobile phone number. If you don't have a UK mobile number, you can apply for a Barclays Bank Account online.

Why can't I open a bank account in the UK?

If you're bankrupt or have a record of fraud, you will not usually be allowed to open a bank account. Also, you may be refused permission to open a current account if you have a poor credit rating. However, if you're bankrupt or have a poor credit rating, you may be able to open a basic bank account.

Which UK bank does not need proof of address?

Monese is a digital banking service with a full UK banking license and offers a UK bank account without proof of address. They target those who do not permanently reside in a given area.

What is the easiest bank account to open in the UK?

Is nationwide closing expat accounts?

We're no longer able to provide current accounts for members living in certain EU or European Economic Area (EEA) countries. You can find a list on our website of the countries where, based on our current understanding of their rules, we can no longer provide current accounts.