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TSB closing accounts for customers living in Thailand

pontious
in Jobs, Economy, Banking, Business, Investments

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  • Author
1 hour ago, LongTimeLurker said:

 

 Then ask them to expedite the opening of an account in IoM or CI for you then.

 

Others have mentioned how foolish you were for telling you bank you live overseas but if your bank holds a UK address for you then you would be classed as UK Domiciled for Inheritence Tax purposes. Not a good idea unless you don't have hundreds of thousands you want to give to the UK tax man instead of your family.

Why would TSB open  an account in CI. They do not have international accounts.

Not foolish at all. A Thai address has been perfectly fine for the last 15 years. Brexit has upset the apple cart -look what is happening in Europe with Uk expats having there accounts closed.

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  • Pilotman
    Pilotman

    OP, how do they know, you must have told them that you are no longer UK resident?  My bank have no idea where I live and the account has a permanent UK address.  It's none of their business where I li

  • Oxx
    Oxx

    It's not a bank because it's not regulated by the PRA (Prudential Regulatory Authority) which is responsible for the financial safety and soundness of banks.  It's only regulated by the FCA (Financial

  • chrissables
    chrissables

    Brexit! Don't you mean democracy? And since when has Thailand been a part of the EU?

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