WISE just shut me down!

[madone]

23 hours ago, PumpkinEater said:

Doesn’t work…

WISE only accepts address from you passport (issued) country

 

 
Categorically untrue. They want your residential address.

[nickmondo]

On 2/3/2025 at 6:51 AM, BritManToo said:

Nearly as bad in the UK, no UK address and they are likely to cancel your bank account.

If you dont have a UK address, why do you expect to have a UK Bank Account?

[Kenny Boy]

On 2/3/2025 at 5:07 AM, gargamon said:

Welcome to Trump's America.

🐓

[thecyclist]

Can't you just give them the address of a relative? 

Do they actually check whether you are officially registered there? 

[BritManToo]

34 minutes ago, nickmondo said:

If you dont have a UK address, why do you expect to have a UK Bank Account?

My UK pensions, and my tax for HMRC for a start.

Along with my UK passport and my UK birth certificate, and a year or two back my UK NI payments.

[Moonlover]

3 hours ago, BritManToo said:

3 hours ago, Moonlover said:

Rubbish, I've held an active account in the UK for over 20 years without an address there. They have always known my overseas address, be it China, Egypt and now Thailand.

 

3 hours ago, BritManToo said:

"they are likely" isn't the same as "they will".

Not to mention this is all post Brexit government policy, so only the last 4 years count.

 

You've gotta ask yourself ......... Do you feel lucky?

This business of UK closing expat's accounts has been around for as long as I've been one. And that's a long time!

 

During that time only handful folk have reported having their accounts closed and when you drill down, there's always been a back story.

 

I do not consider my 'lucky' at all. I have always complied with the bank's T & Cs regarding my whereabouts and that is where most people come unstuck.

[AgMech Cowboy]

On 2/3/2025 at 5:07 AM, gargamon said:

Welcome to Trump's America.

Has nothing to do with President Trump or his cabinet Secretaries. 

[chickenslegs]

23 minutes ago, Moonlover said:

This business of UK closing expat's accounts has been around for as long as I've been one. And that's a long time!

 

During that time only handful folk have reported having their accounts closed and when you drill down, there's always been a back story.

No "back story" in my case.

I was a Barclays customer for almost 40 years. Salary (then pension) paid into my account on the first working day of every month without fail. Never overdrawn. A few car loans and a mortgage over the years, which were never defaulted.

I moved to Thailand in 2005 and notified Barclays of my new address. Carried on using the account for purchases here and in the UK, plus regular transfers to my BBL account for living expenses.

Completely out of the blue in 2021 I received a letter informing me that I must close my account within a few months, or Barclays would close it.

[Presnock]

5 hours ago, Wrwest said:

I had earlier issue with Wise transfers due to a change they made. Answer was a direct wire transfer from my USA bank (no fee) to my BKK Bank Account (200 baht). As to the other angle ... I don't want to get paranoid but ... with an administration wanting to cut all government expenditures ... yes I am concerned that they will make moves against the interests of American citizens not living in the USA physically. Medicare already discriminates (unless you are fully retired military ... they get global coverage ... civilians fully retired ... not). Bothpay the monthly Part B Medicare premiums.

but, not cheap, but US govt employees can keep their govt sponsored health insurance into retirement.  GOvt picks up almost 2/3 of the cost of the insurance but still that 1/3 is not very cheap but also all existing health issues remain covered around the world.

[Presnock]

10 hours ago, wittleus said:

Just a couple of thoughts. The FCEN is part of the Department of Treasury. It's very possible they have been a do-nothing office for last few years and suddenly because of fear of cancellation by the Doge they are starting to enforce the laws they were meant to do years ago and are becoming proactive. They want to keep their jobs and not have their Department canceled.

 

Another thought, if Thailand decides to side with BRICS, an organization/monetary initiative that Trump really hates, what is the possibility that he can order Banks, and maybe Social Security payouts, not to deal with countries, Banks, and currencies associated with BRICS.  If he can't actually stop them or change who they do business with, he can certainly Step Up controls and security with organizations like FCEN, to make even simple, everyday Financial transactions very cumbersome and nearly impossible. That's something to mull over for the future.

yeah he recently said that if the BRICS try to remove the dollar as the go to currency for inter transfers then he would put a 100% tariff on all BRICS countries.  Should be interesting anyway.

[Presnock]

1 hour ago, AgMech Cowboy said:

Has nothing to do with President Trump or his cabinet Secretaries. 

Yeah the US banks closing accounts hit mine 5 years ago.

[Moonlover]

2 hours ago, chickenslegs said:

No "back story" in my case.

I was a Barclays customer for almost 40 years. Salary (then pension) paid into my account on the first working day of every month without fail. Never overdrawn. A few car loans and a mortgage over the years, which were never defaulted.

I moved to Thailand in 2005 and notified Barclays of my new address. Carried on using the account for purchases here and in the UK, plus regular transfers to my BBL account for living expenses.

Completely out of the blue in 2021 I received a letter informing me that I must close my account within a few months, or Barclays would close it.

My apologies. Yes I should have added 'With the exception of Barclays who made a unilateral decision on this issue'. I've heard of no other UK High St bank that has done this.

 

It's almost certainly a commercial decision, not an overall policy one.

 

https://www.expertsforexpats.com/expat-resources/british-expats/finance/barclays-and-other-uk-financial-institutions-are-closing-british-expats-accounts/

[arick]

6 hours ago, Presnock said:

as much as I am surprised and probably others too, so far those tariffs seem to be working as both Mexico and Canada while expressing their promises to counter "tariff" they appear to be making some initial efforts to respond positively to methods to help stop the practices at the border.  Same with Colombia one the immigrants, and Panama on the Agreement with CHina about the canal use.  I don't agree with everything that Trump promises to do but much better than Biden and Co.

Well I hope Canada keeps sending their fentanyl that they don't want to the state maybe next year will be 30 kilos

[OJAS]

1 hour ago, Moonlover said:

I've heard of no other UK High St bank that has done this.

 

TSB have also been reported on here as indulging in this skullduggery:

 

 

[madone]

6 hours ago, thecyclist said:

Can't you just give them the address of a relative? 

Do they actually check whether you are officially registered there? 

 They want to see the same verification everyone does, a utility bill or similar like bank statement for that address in your name