Colsie Posted December 14, 2022 Posted December 14, 2022 10 hours ago, Kingpin said: Philippines bank? If it goes bust you'd lose more than half that. No, not a Philippines bank Link to comment Share on other sites More sharing options...
Jack Peterson Posted December 14, 2022 Posted December 14, 2022 7 minutes ago, Colsie said: No, not a Philippines bank Hmmm according to recent posts I have read in FB ( and with further investigation from other sources) It would appear that many UK Banks are closing Non resident bank accounts, would this not worry you? Link to comment Share on other sites More sharing options...
Colsie Posted December 14, 2022 Posted December 14, 2022 11 minutes ago, Jack Peterson said: Hmmm according to recent posts I have read in FB ( and with further investigation from other sources) It would appear that many UK Banks are closing Non resident bank accounts, would this not worry you? I've not had a bank account in the UK since 2001, so no it wouldn't bother me in the slightest 😁 1 Link to comment Share on other sites More sharing options...
hk blues Posted December 14, 2022 Posted December 14, 2022 11 minutes ago, Jack Peterson said: Hmmm according to recent posts I have read in FB ( and with further investigation from other sources) It would appear that many UK Banks are closing Non resident bank accounts, would this not worry you? It would certainly worry my, or at least give me some short-term hassle. I maintain one account in the UK in order to pay the 1 or 2 things I need to in the UK and receive some small payments. That said, one of my offshore accounts also operates as a "normal" UK account so I would simply revert to using that one as an alternative. This was a hot topic in the UK just after Brexit and caused by the admin hassles of servicing non-UK residents living in the EU post-brexit. 2 Link to comment Share on other sites More sharing options...
Jack Peterson Posted December 14, 2022 Posted December 14, 2022 7 minutes ago, hk blues said: That said, one of my offshore accounts also operates as a "normal" UK account When I lived in Gibraltar I had such an account BUT when I started to receive my Gib pension and they found that I was now a Philippine Permanent resident Whoops, Got a 3 month notice that they would close the account stating that under UK money Rules I had to be resident in either Gibraltar or the UK. Seems we will never win where it comes to money & banking 3 Link to comment Share on other sites More sharing options...
hk blues Posted December 15, 2022 Posted December 15, 2022 17 hours ago, Jack Peterson said: When I lived in Gibraltar I had such an account BUT when I started to receive my Gib pension and they found that I was now a Philippine Permanent resident Whoops, Got a 3 month notice that they would close the account stating that under UK money Rules I had to be resident in either Gibraltar or the UK. Seems we will never win where it comes to money & banking For my 2 offshore accounts they are both aimed at non-resident UK citizens and, as always, I play exactly by the rules so my address here is used as is my BI TIN recorded with both. 1 Link to comment Share on other sites More sharing options...
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