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Post by rabbit on Jun 1, 2022 10:35:17 GMT 1
A friend in Spain has been told by Barclays that they are closing her account. Has anyone been successful in opening a new account with a U.K. bank with a French address ? I seem to recall that the Channel Islands might be the answer. Anybody tried this or alternatives?
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exile
Member
Massif Central
Posts: 2,682
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Post by exile on Jun 1, 2022 10:55:32 GMT 1
When I looked a long time ago, off-shore banks required a very substantial minimum balance be held. So look carefully at the T&Cs. Most major UK banks seem to have branches in the Isle of Man or one of the Channel Islands.
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exile
Member
Massif Central
Posts: 2,682
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Post by exile on Jun 1, 2022 10:58:06 GMT 1
Just another thought: Barclays have said that they are looking to expand their French operations*. Could your friend get a French Barclays account? Might be worth a look.
* which is why this has not been an issue here (yet)
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JohnnyD
Member
Mayenne (53) When Covid allows..........Which isn't very often these days........
Posts: 2,003
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Post by JohnnyD on Jun 1, 2022 11:35:39 GMT 1
When I looked at NatWest Jersey two years ago, they had just upped the required deposit to £50,000 because they knew there was a demand for them post Brexit, I told them where to go........In a most polite way of course
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Post by ajm on Jun 1, 2022 11:40:09 GMT 1
A friend in Spain has been told by Barclays that they are closing her account. Has anyone been successful in opening a new account with a U.K. bank with a French address ? I seem to recall that the Channel Islands might be the answer. Anybody tried this or alternatives? Do we know why the account is being closed?
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Post by rabbit on Jun 1, 2022 17:17:41 GMT 1
No reason given by Barclays and no timescale given, but there is a rumour they are closing all Spanish accounts, but only a rumour.
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Post by elsie on Jun 1, 2022 18:50:14 GMT 1
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Post by ajm on Jun 1, 2022 19:40:50 GMT 1
Thank you Elsie - it's a lot clearer now.
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Post by pcpa on Jun 1, 2022 20:01:34 GMT 1
Is Santander among the banks or is it immune being a Spanish (I think) bank? Has anyone had their accounts closed?
I have Santander accounts but had, still have for the moment, a UK address, that will hopefully soon no longer be the case, when I sold the building plot the money went into Santander & I spoke to them about having the proceeds of the subsequent house sale paid in when I would technically no longer have a UK address, the guy said they would continue the account with my French address but I'm not sure whether to believe them, its probably the amount of money that made him say that & I doubt they would have done the same for an account with few funds which it would become when I find the right place in the Euro zone for the money.
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Post by another on Jun 1, 2022 20:44:14 GMT 1
That piece is from 2020 so presumably something has changed to prompt the closures now. I believe Nov is the execution date.
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suein56
Member
Southern Morbihan 56 Brittany
Posts: 7,488
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Post by suein56 on Jun 1, 2022 22:12:25 GMT 1
Is Santander among the banks or is it immune being a Spanish (I think) bank? Has anyone had their accounts closed? I have Santander accounts but had, still have for the moment, a UK address, that will hopefully soon no longer be the case, when I sold the building plot the money went into Santander & I spoke to them about having the proceeds of the subsequent house sale paid in when I would technically no longer have a UK address, the guy said they would continue the account with my French address but I'm not sure whether to believe them. OH and I have had a Santander current account since they absorbed Alliance and Leicester in 2008. No problem with having a French address as we were already here in France at that time.
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Post by pcpa on Jun 1, 2022 23:00:24 GMT 1
Thankyou Sue, that is reassuring, presumably they send new bank cards etc to France?
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suein56
Member
Southern Morbihan 56 Brittany
Posts: 7,488
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Post by suein56 on Jun 1, 2022 23:37:47 GMT 1
Thankyou Sue, that is reassuring, presumably they send new bank cards etc to France?They do ..
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Post by elsie on Jun 3, 2022 18:36:49 GMT 1
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Post by rabbit on Jun 8, 2022 9:51:23 GMT 1
Thanks Elsie - helpful as always
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