How To Open Savings Account, UK Citizen, Non-Resident.

SSyraG

Hello all,

Hope this is the right place for this and that someone can help.

Is it possible to open up a savings account in the UK without being a resident, but being a UK citizen? He has asked at a few branches, but most give conflicting advice.

The reason is that my Mom and Dad emigrated to South Africa 30 years ago and they both come over occasionally (usually not together) and with the exchange rate as high as it is, they want to open up a savings account here in the UK and keep any left over money after visiting instead of cashing it back into Rands.

To complicate matters he would want me to have signing authority on the account for when my Mom comes over without him. This confuses the bank's customer service even more...

Any advice?

Thanks

Gary

jonesMUFCforever

You can do it in person but not any other way.

whatatwit

Would it not be easier for you to open an account in your name and let them use that?

Captain_Mainwaring_2

Kaupthing Edge IOM. Forget UK banks, I doubt they would get an account open.

Gers

SSyraG wrote: »

Hello all,

Hope this is the right place for this and that someone can help.

Is it possible to open up a savings account in the UK without being a resident, but being a UK citizen? He has asked at a few branches, but most give conflicting advice.

The reason is that my Mom and Dad emigrated to South Africa 30 years ago and they both come over occasionally (usually not together) and with the exchange rate as high as it is, they want to open up a savings account here in the UK and keep any left over money after visiting instead of cashing it back into Rands.

To complicate matters he would want me to have signing authority on the account for when my Mom comes over without him. This confuses the bank's customer service even more...

Any advice?

Thanks

Gary

My brother was an Australian citizen though UK born and lived in Australia - he opened a savings account with RBS and my mother was also able to operate it. Now I can't remember which way round it was... if it was HER account with him having a third party mandate or HIS acount with her having a third party mandate. Sorry. But this it is possible, somehow.

Crabman

I've moved this to the Savings & Investing Board

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere(please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]!!!!!![/EMAIL].