British Ex-pats

[Georgina]

Can I ask what the British non-residents are doing now we are being asked to close our British bank accounts?

[steelemonkey]

Why is this happening?

[Georgina]

Why is this happening?

Something to do with Brexit.

[jamesp]

Something to do with Brexit.

Brexit is not even responsible for Brexit.

No idea what the banks are playing at, or why; but I would suggest going out of your way to hang on to the uk account.
Opening a bank account at the moment appears to be unbelievably long winded: If possible.
I`ve been trying to open a business account, and failed twice in six months for unknown system reasons; I thought I must be having a brain fart in old age, until a friend said they were having major issues trying to open new business accounts for their recently split group: That`s a £20M business, and they get shite service.

[John63]

Must be a relatively new thing

We lived overseas for over 20 yrs ( came back 2 yrs ago) and never had an issue.

Still have family living in Middle East and with UK bank account and credit card ( Lloyds). As far as I know they haven’t have any request to close those.

A lot of banks were closing accounts for customer in Europe due to issues with uk v Europe bank laws as a result of Brexit but I wouldn’t have thought this would affect Egypt

You could always try one of the major banks in Channel Islands. They can offer GBP account with UK sort codes though will charge a small fee for transfers out.

[graham_hk]

Get a wise account - simple

[MarkA]

Get a wise account - simple

The Wise multi currency account is a wonder to behold.

Assuming you can get it in the Country you officially reside in. And pass the usual anti money laundering stuff.

[Chrisch]

Brexit bollocks and anti money laundering. My estate agent in France having same issue. Revolut is worth a look but don't know if they do Egypt.

Our Tory 'friends' don't want dirty forin types having anything to do with the UK. Oh no.

[Georgina]

No idea what the banks are playing at, or why; but I would suggest going out of your way to hang on to the uk account.

I have tried. But they gave me a deadline a long time ago and they are sticking it and sending regular warnings. I tried changing my address online but you cannot change the country.

Must be a relatively new thing


Still have family living in Middle East and with UK bank account and credit card ( Lloyds).

It must be a Lloyds International Account. I have a Lloyds account in the Isle of Man but same thing there, they have just let me keep savings in fixed term and renew it but if I want to open a Lloyds International Account it is not allowed living in Egypt.

Get a wise account - simple

The Wise multi currency account is a wonder to behold.

Assuming you can get it in the Country you officially reside in. And pass the usual anti money laundering stuff.

I just Googled it. But is it like a bank account where I can keep my savings and earn interest as well as a current account for everyday use?

Revolut is worth a look but don't know if they do Egypt.

But is it like a bank account where I can keep my savings and earn interest as well as a current account for everyday use?

I have looked at every British high street bank's website and they all say the same. No bank account for non-residents. Some offer International Bank Accounts with high minimum deposit to open the account, free bank use, but if you dip into the minimum deposit bank charges can be for example 35 GBP per month until you return back to the minimum balance.

I even contacted an Egyptian bank that is set up in the UK but minimum 120,000 GBP to be held in the account in savings or any account.

[John63]

It must be a Lloyds International Account. I have a Lloyds account in the Isle of Man but same thing there, they have just let me keep savings in fixed term and renew it but if I want to open a Lloyds International Account it is not allowed living in Egypt.

No, it’s definitely Lloyds UK and not international. It’s the account they had before they moved abroad ( around 10 yrs ago) and they just maintained it but make a point of ensuring regular transactions go through it.


I had current and savings accounts in both GBP and USD with HSBC Expat ( jersey) opened when I was working in Dubai. The GBP current account has UK style sort code and account number.

Don’t recall any issues with country restrictions