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Brexit, Expats and U.K. bank Accounts

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  • Rich2808
    Rich2808 Posts: 1,386 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 27 November 2020 at 3:45AM
    Concepta said:
    I have a small pension from the irish Government which is paid into my rep of ireland Ulster Bank Acc .  Can I have a Bank Acc in the UK where my Pension can be paid into in Euros as i would prefer it to be paid in here in UK
    I think with the main Republic of Ireland banks all should be well - they have UK subsidiaries or parents and  UK banking licences for personal banking. Ulster bank is of course part of RBS Natwest group.
    Given the cross border issues with NI they are more likely to wish to find ways to continue existing reciprocal banking arrangements. Its banking groups that don't operate in RoI like Nationwide or Lloyds group which are taking action to close accounts  - not AIB, BoI, Ulster, Natwest, which have UK or Irish licences etc.
    Nothing certain though if there is no deal.
    But if you do want a UK euro account there are plenty of options.


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