News story: UK banks to shut thousands of British expats' accounts

colsten

jsmith9 said:

Not sure if this would work, but could you open a NS&I direct saver or investment account? As an expat you are allowed to. You will get a sort code and account number (generic NS&I) and a ref number - maybe DWP can pay payments into one of these? I believe you can xfer cash from your NS&I account to overseas bank accounts. 

You need a UK current account in order to hold an NS&I account. 

jsmith9

.... or a ns&i investment account ?

colsten

jsmith9 said:

.... or a ns&i investment account ?

Not sure where this is leading. This account can only be operated by post, which seems highly impractical at best of times.

Thrugelmir

colsten said:

jsmith9 said:

.... or a ns&i investment account ?

Not sure where this is leading. This account can only be operated by post, which seems highly impractical at best of times.

I operate all my NSI accounts online. 

colsten

Thrugelmir said:

colsten said:

jsmith9 said:

.... or a ns&i investment account ?

Not sure where this is leading. This account can only be operated by post, which seems highly impractical at best of times.

I operate all my NSI accounts online. 

In which case, you don't have the NS&I Investment account.

J_B

Not sure if @cydiane still comes here but thought I'd tag her to look at this ...

https://www.paphoslife.com/forum/viewtopic.php?f=3&t=14026

BrittanyBoy

This thread seems to have gone quiet for a while but the issue continues. Citibank just advised me they are closing all "UK" current accounts - unless you are mega rich - been an account holder of theirs for forty years whilst resident in Jersey and now France. Got modest NS&I holdings, use a foreign exchange outfit for good rates, just need a UK based sterling current account for a few direct debits and standing orders and a debit card, no overdraft facilities or savings products needed. Any suggestions? Also hope "retiredinfrance" and "Cydiane" issues now resolved satisfactorily.

SiliconChip

BrittanyBoy said:

This thread seems to have gone quiet for a while but the issue continues. Citibank just advised me they are closing all "UK" current accounts - unless you are mega rich - been an account holder of theirs for forty years whilst resident in Jersey and now France. Got modest NS&I holdings, use a foreign exchange outfit for good rates, just need a UK based sterling current account for a few direct debits and standing orders and a debit card, no overdraft facilities or savings products needed. Any suggestions? Also hope "retiredinfrance" and "Cydiane" issues now resolved satisfactorily.

I'm not sure this is the same thing. There were news items in September 2022 saying that Citi were planning to wind down their UK retail business to concentrate on private clients, so I suspect that they are now proceeding with exiting the UK market and your account is going as part of that, nothing to do with you not being a UK resident.

https://www.retailbankerinternational.com/news/citi-closing-uk-retail-bank/

wmb194

BrittanyBoy said:

This thread seems to have gone quiet for a while but the issue continues. Citibank just advised me they are closing all "UK" current accounts - unless you are mega rich - been an account holder of theirs for forty years whilst resident in Jersey and now France. Got modest NS&I holdings, use a foreign exchange outfit for good rates, just need a UK based sterling current account for a few direct debits and standing orders and a debit card, no overdraft facilities or savings products needed. Any suggestions? Also hope "retiredinfrance" and "Cydiane" issues now resolved satisfactorily.

Have you tried Wise? Not a bank but can do what you want.

[Deleted User]

BrittanyBoy said:

This thread seems to have gone quiet for a while but the issue continues. Citibank just advised me they are closing all "UK" current accounts - unless you are mega rich - been an account holder of theirs for forty years whilst resident in Jersey and now France. Got modest NS&I holdings, use a foreign exchange outfit for good rates, just need a UK based sterling current account for a few direct debits and standing orders and a debit card, no overdraft facilities or savings products needed. Any suggestions? Also hope "retiredinfrance" and "Cydiane" issues now resolved satisfactorily.

The Channel Islands (and IOM) were never part of the UK.

This would be an added complication to your quest for the 'UK' current account.