UK banks closing expat's accounts UK banks closing expat's accounts - Page 2
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  1. #11

    More fingers than teeth

    darmstadt's Avatar
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    Will this affect my Post Office Savings account (all GBP1,18p of it)....
    Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

  2. #12

    I live on CUK

    scooterscot's Avatar
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    Quote Originally Posted by zerosum View Post
    No protection on TW if the underlying bank (which depends on which address you use) goes bust. They're not a member of any FP schemes.
    Until recently TW euro account on my account was a local bank here in Munich. Whereas the GBP was based in London, I forget the name.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  3. #13

    TykeLike

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    Remind me again why a Brit living abroad is an ex-pat and not an immigrant?!
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  4. #14

    I live on CUK

    scooterscot's Avatar
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    A Dictionary would help answer that question.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  5. #15

    King of updation

    TestMangler's Avatar
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    Quote Originally Posted by scooterscot View Post
    A Dictionary would help answer that question.
    I just checked and someone has ripped out several of the front and back pages of my dictionary.

    It just goes from bad to worse.
    On Desolation Boulevard, they'd light the faded lights.....

  6. #16

    Respect my authoritah!

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    Quote Originally Posted by SimonMac View Post
    Remind me again why a Brit living abroad is an ex-pat and not an immigrant?!
    Expats tend to be people who either intend to return to their home country, or haven't really an intention of integrating into the local community.

    Originally, I intend to return to the UK for retirement. But now I'm intending to stay - and indeed become Swiss - I guess I'm an immigrant.

    I've got a UK account with First Direct. If they decide I have to close it, then it will actually make things easier as my wife can't remember any of her verification details, and without that, we can't close it from our end. I'd just stop the one direct debit I've got going, then empty the account into my transferwise account.
    Down with racism. Long live miscegenation!

  7. #17

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    Quote Originally Posted by zerosum View Post
    They do have e.g. a borderless (business and personal) account for dealing with money in other currencies so TransferWise has outgrown their name, really.

    It may also be the only option in the short term if you're caught by a UK bank closing and haven't built up sufficient proofs to open an account in the country you're moving to, or don't trust the local banking system (Cyprus )
    That's what I was thinking of, the borderless account (it's great), but you need to treat it like a transfer service and not leave money there, for precisely the reason you mention - no FSCS protection.

  8. #18

    More time posting than coding


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    Quote Originally Posted by SimonMac View Post
    Remind me again why a Brit living abroad is an ex-pat and not an immigrant?!
    The correct term is now refugee.

  9. #19

    I live on CUK

    Old Greg's Avatar
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    In terms of the UK, I'm an emigrant. In terms of Ireland, I'm an immigrant. I wouldn't describe myself as an expat as I don't intend to return to the UK.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
    25 June 2018

  10. #20

    Double Godlike!

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    Quote Originally Posted by Old Greg View Post
    In terms of the UK, I'm an emigrant. In terms of Ireland, I'm an immigrant. I wouldn't describe myself as an expat as I don't intend to return to the UK.
    Finally, some good news...
    His heart is in the right place - shame we can't say the same about his brain...

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