Expat

innovate

expatasia wrote: »

Thanks, how much is 'enough money'?

http://www.expat.hsbc.com/1/2/hsbc-expat/products/current-accounts/bank-account/apply?WT.srch=1

Biggles

zerog wrote: »

HSBC if you have premier. You can get UK premier if you have enough money with HSBC in another country.

But their acceptance or otherwise of a R105 is pretty irrelevant when you look at their interest rates!

expatasia

Biggles wrote: »

But their acceptance or otherwise of a R105 is pretty irrelevant when you look at their interest rates!

Exactly! So who else gives the R105 option? Don't any employees of the British Isles banks read these boards? :wave:

northerner77

RetiredInThailand wrote: »

Investec, Scottish Widows, Yorkshire Bank, State Bank of India, Barclays Wealth. There are others also.

Any of them do R105?

innovate

northerner77 wrote: »

Any of them do R105?

Doesn't directly answer your question but may be helpful: https://forums.moneysavingexpert.com/discussion/837097

RetiredInThailand

The banks I listed earlier in the thread still accept R105 forms, as do several others.

rockitup

atush wrote: »

I had an acct with KSF, a failed icelandic bank based in the IOM. I got back 100% of my money, plus 5% interest. Otherds who had savings in excess of 50K, have at this point I beleived reeived 80p in the pound with new tranches of money coming from the receivers throughout the year.

So, until you get over 50K (their deposit limit), I would be OK with saving there.

Fair enough but those with over 50k deposited there have also lost nearly 4 years interest so far and maybe a few more years before initial deposits are repaid in full.

Previously a bank failed in IOM and it took around 14 years to get money back to depositors. Also out of interest do you know how those who held deposits in offshore bonds through the likes of Skandia and other insurance companies? They were the ones who had the bleakest outlook back in 2008/09

guitarman001

My money is in H&L (shares & one fund), Lloyds Vantage, Halifax, First Direct, Santander & NS&I.

I'm not even mid-way through some of the schemes (e.g. First Direct 8% or whatever it was!)... if I move to Europe what happens!? I have to move all my money out? I invalidate a lot of these terms? What a b*gger!

rockitup

guitarman001 wrote: »

My money is in H&L (shares & one fund), Lloyds Vantage, Halifax, First Direct, Santander & NS&I.

I'm not even mid-way through some of the schemes (e.g. First Direct 8% or whatever it was!)... if I move to Europe what happens!? I have to move all my money out? I invalidate a lot of these terms? What a b*gger!

You should be ok with HL at least, they accept new purchases in most European countries, just check on their website search box (enter "moving home" or similar)

NS & I should also be fine, they seem to cater for Expats but the others will probably shut down your accounts within a few months after you tell them. Can you not have statements sent to a trusted relative in UK? Saves closing those accounts then

guitarman001

I guess I could still have the statements sent home? Would this be ok, legally etc??