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British expat living in Chile needs UK current account to transfer my Child Trust Fund
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joshi2005
Posts: 1 Newbie
As stated in the discussion title I need a UK current account. If I transfer my CTF to a Chilean bank account I will lose about 60% of it due to commission and bank charges. Does anyone know if there are any UK banks that would allow me to open one there. HSBC who hold my CTF do not allow people due to cross border regulations. At this moment my CTF is just sitting there at the HSBC and I am stuck here in Chile. Can anyone point me in the right direction to find a bank that will approve opening a bank account. The amount is very small but not enough to forget. Thanks in advance.
Joshua
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Presumably HSBC might have a arm in the Channel Islands or Isle of Man. Would those be possible?I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
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"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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Neither of those are in the UKBrie said:Presumably HSBC might have a arm in the Channel Islands or Isle of Man. Would those be possible?0 -
yes I know but given the proximity and the close link to a number of UK banks I thought they might be a good alternative. I know that when brexit rules kicked in some personal banking customer took that option so as to have a safe haven for GBP. I don't know if there would still be the issue with CTFs.DullGreyGuy said:
Neither of those are in the UKBrie said:Presumably HSBC might have a arm in the Channel Islands or Isle of Man. Would those be possible?I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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Transferwise, now Wise ?
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TBH, None of the big UK banks will let you apply for a UK bank account while living overseas.Life in the slow lane0
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