UK savings accounts for non-resident UK expats

eskbanker

jamde said:

The problem with premuim bonds is they send a cheque if you win anything and it has to go to a UK address. Beats me why in this digital age, they can't just transfer funds.

Keep up!  They've supported direct fund transfers for ages and announced last year that this will be the only option once they stop issuing warrants/cheques imminently - they should have stopped by now by the timeline has since been extended to spring 2021....

https://nsandi-corporate.com/news-research/news/nsi-pay-all-premium-bonds-prizes-direct-customers-bank-accounts

Almost three quarters (74%) of Premium Bonds prizes are already paid directly to customers’ bank accounts or are automatically reinvested.

jamde

eskbanker said:

Keep up!  They've supported direct fund transfers for ages and announced last year that this will be the only option once they stop issuing warrants/cheques imminently - they should have stopped by now by the timeline has since been extended to spring 2021....

Thanks for that, I had no idea it had changed. I've checked your link and I can't see a requirement for UK residency anywhere so this may indeed be an option in the short term.