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Simple UK account for ex-pat
Bernard_Coleslaw
Posts: 652 Forumite
I'm posting this on behalf of a friend who doesn't have internet access.
His brother-in-law has lived in the US for 25 years and is now coming up to retirement. He has three small UK pensions that will be payable, about £400pcm in total.
While the pension providers can pay to a US account, the conversion charges for each payment every month are apparently disproportionately high. It would be easier if they could pay to a UK account in his name, and every few months he could just do one transfer to the US and pay one lot of charges.
How does he go about getting a UK-based aco!!!! for this purpose? There are some speciality onshore aco!!!!s for ex-pats, but the monthly charges on these are quite high. Are there any alternatives?
Thanks in advance.
His brother-in-law has lived in the US for 25 years and is now coming up to retirement. He has three small UK pensions that will be payable, about £400pcm in total.
While the pension providers can pay to a US account, the conversion charges for each payment every month are apparently disproportionately high. It would be easier if they could pay to a UK account in his name, and every few months he could just do one transfer to the US and pay one lot of charges.
How does he go about getting a UK-based aco!!!! for this purpose? There are some speciality onshore aco!!!!s for ex-pats, but the monthly charges on these are quite high. Are there any alternatives?
Thanks in advance.
Everyone needs something to believe in.
I believe I need another beer.
I believe I need another beer.
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Comments
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do any banks near him offer £ denomination accounts?0
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He could try to get a Barclays Cash Card account.
The debit card issued will give cut price access to any Bank of America Cash machine.
Details here and hereThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Thanks guys. The issue is his ID. He hasn't lived here for a long time, and so is finding it difficult as banks won't touch him. Are there any that take a more flexible approach?Everyone needs something to believe in.
I believe I need another beer.0 -
TRy the co-operative bank they seem good with issues like these he would only get a basic bank account a coop cashminderBernard_Coleslaw wrote: »Thanks guys. The issue is his ID. He hasn't lived here for a long time, and so is finding it difficult as banks won't touch him. Are there any that take a more flexible approach?0 -
Nat West Gibralter or a Jersey, Guernsey bank.0
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