Bank account dilemas

Mickey_Mouse375

Hi,

I'm going to transfer some money from abroad to the UK (aprox £90,000). Don't know what type of account to open. Only know would need it to be easy access but want to get a good interest for my money. Don't want to be transfering monthly deposits, just leave it until i need it.

Any thoughts would be appreciated.

Thanks

InvesterJones

https://moneyfactscompare.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false&product-favorites-first=false&sort-order=AER&sort-order-text=Rate

sheenas

Large transfer of that size would need you to comply with uk anti money laundering laws. The bank would need proof of where the money came from.

Then consider the method of transfer, may a wise or Atlantic account works for you. Chase are a good account for interest, but I am not sure how good they are for international transactions, I have had silly issues with transfers.

Also getting an account with fscs protection for the first £85,000 might be a consideration.

butterflymum

Also getting an account with fscs protection for the first £85,000 might be a consideration

Protection has been up to £120000 since 1st December 2025.

flaneurs_lobster

Chase are a good account for interest, but I am not sure how good they are for international transactions, I have had silly issues with transfers.

Not good for international payments/transfers - they don't support them at all.

OP could, of course, use Wise or some such for the actual transfer. The OP hasn't indicated in what currency the funds are currently held, where any conversion takes place is another consideration.

Mickey_Mouse375

It would be EUR to GBP

Mickey_Mouse375

I have a wise account, will transfer money there first, then onto the account i decide to open.

friolento

I would use a Wise account as a staging post.Complete the account verification before you start transferring money into it.

Once in Wise, you can then exchange your Euros into Pounds, and then transfer the Pounds into one or more savings accounts of your choice. Assuming you are a taxpayer, you should consider an ISA for your annual allowances. For any savings accounts, the good rates rarely last more than a year, so you might want to move your funds at least annually