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  • FIRST POST
    • thanet_m
    • By thanet_m 8th Nov 18, 1:18 AM
    • 1Posts
    • 0Thanks
    thanet_m
    Can non-EU student invest in mutual funds with banks in the UK?
    • #1
    • 8th Nov 18, 1:18 AM
    Can non-EU student invest in mutual funds with banks in the UK? 8th Nov 18 at 1:18 AM
    Can non-EU student on tier 4 visa invest in mutual funds with banks in the UK?

    For example, in the Investment Hub with Santander.

    Is it illegal or not? Thank you.
    Last edited by thanet_m; 08-11-2018 at 1:19 AM. Reason: More info
Page 1
    • robber2
    • By robber2 8th Nov 18, 8:13 AM
    • 377 Posts
    • 328 Thanks
    robber2
    • #2
    • 8th Nov 18, 8:13 AM
    • #2
    • 8th Nov 18, 8:13 AM
    You will get a quicker and more accurate response if you ask Santander directly.


    regards


    Rob
    • Voyager2002
    • By Voyager2002 8th Nov 18, 10:12 AM
    • 12,574 Posts
    • 8,588 Thanks
    Voyager2002
    • #3
    • 8th Nov 18, 10:12 AM
    • #3
    • 8th Nov 18, 10:12 AM
    Firstly, banks tend to be a bad place to buy this kind of investment. Read this forum to find out what people say about "platforms".


    Secondly, whenever I have opened this kind of account I have been asked to prove my identity and that I am legally resident in the UK (for longer than six months). I have never seen anything to suggest that a student visa cannot be used for this purpose.
    • Mr.Saver
    • By Mr.Saver 10th Nov 18, 1:18 PM
    • 79 Posts
    • 13 Thanks
    Mr.Saver
    • #4
    • 10th Nov 18, 1:18 PM
    • #4
    • 10th Nov 18, 1:18 PM
    Based on my experience with those platforms, you would need to be able to provide a proof of your identity (e.g. a passport) and a proof of your right of residence in the UK (e.g.: a BRP card). Many platforms will also ask you for a proof of address (e.g.: a bank statement).

    BTW, banks normally are not good places for holding mutual funds, because they charge for a much higher fee than other investment platforms. You should do some researches online to find the investment platforms that suits you the best.
    Last edited by Mr.Saver; 10-11-2018 at 1:20 PM.
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