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Uk bank account

Posted: Wed Jun 10, 2020 5:06pm
12 replies519 views8 members subscribed
Gary1957

Posts: 17

2 helpful points

Location: Los Gallardos

Joined: 17 Aug 2019

I’m hoping someone can verify please. We own a property in Los Gallardos and are moving permanently in July! We have our NIE, and bank with Cajamar. We bank in the U.K. with Nat West. I was under the impression that we could change our address to Spain and keep the Uk accounts “alive”. Spoke to them today and it was implied that at some point, maybe, they would want to close it due to lack of use!! My pension won’t be coming in for three years and there will be very little activity from now on!! We don’t want to close the accounts as, although we have no intention of returning to the U.K. permanently, we still have children and grandchildren here!! So my question is, are we likely to be told to close the accounts in the future or not!!!??? I’m not sure if it’s a question with a definite answer, but thoughts would be welcome. Thanks. Gary

truenudist

Posted: Wed Jun 10, 2020 6:18pm

truenudist

Helpful member

Posts: 199

322 helpful points

Location: Mojacar

Joined: 6 May 2020

Posted: Wed Jun 10, 2020 6:18pm

Gary1957 wrote on Wed Jun 10, 2020 5:06pm:

I’m hoping someone can verify please. We own a property in Los Gallardos and are moving permanently in July! We have our NIE, and bank with Cajamar. We bank in the U.K. with Nat West. I was under the impression that we could change our address to Spain and keep the Uk accounts “alive”. Spok...

...e to them today and it was implied that at some point, maybe, they would want to close it due to lack of use!! My pension won’t be coming in for three years and there will be very little activity from now on!! We don’t want to close the accounts as, although we have no intention of returning to the U.K. permanently, we still have children and grandchildren here!! So my question is, are we likely to be told to close the accounts in the future or not!!!??? I’m not sure if it’s a question with a definite answer, but thoughts would be welcome. Thanks. Gary

Hi Gary

I can only say that my UK banks ( Nationwide and Co-op ) have, at this moment in time, no issue with me living permanently in Spain and haven't done for some years. They post whatever they need to ( new cards etc ) to my Spanish address no questions asked. I do know though that some banks treat UK credit cards differently. 

However, what happens in the future probably not even the banks know at this stage. I wouldn't have thought that 'lack of use' would be a valid reason to close an account without making an alternative provision.

Hope this helps ( a little )  

regards, 

Gary1957

Posted: Wed Jun 10, 2020 7:45pm

Gary1957

Original Poster

Posts: 17

2 helpful points

Location: Los Gallardos

Joined: 17 Aug 2019

Posted: Wed Jun 10, 2020 7:45pm

truenudist wrote on Wed Jun 10, 2020 6:18pm:

Hi Gary

I can only say that my UK banks ( Nationwide and Co-op ) have, at this moment in time, no issue with me living permanently in Spain and haven't done for some years. They post whatever they need to ( new cards etc ) to my Spanish address no questions asked. I do know though that some banks treat U...

...K credit cards differently. 

However, what happens in the future probably not even the banks know at this stage. I wouldn't have thought that 'lack of use' would be a valid reason to close an account without making an alternative provision.

Hope this helps ( a little )  

regards, 

Thanks very much, it was helpful!!

John99andrew

Posted: Thu Jun 11, 2020 12:02am

John99andrew

Helpful member

Posts: 784

450 helpful points

Location: Mojacar

Joined: 29 Nov 2017

Posted: Thu Jun 11, 2020 12:02am

Gary1957 wrote on Wed Jun 10, 2020 7:45pm:

Thanks very much, it was helpful!!

We have a account with Santander in uk and also Yorkshire building sociaty and no problem with us living permanent in Spain not sur regarding credit cards with them

Maggiep

Posted: Thu Jun 11, 2020 1:33pm

Maggiep

Helpful member

Posts: 243

82 helpful points

Joined: 8 Jan 2020

Posted: Thu Jun 11, 2020 1:33pm

Gary1957 wrote on Wed Jun 10, 2020 5:06pm:

I’m hoping someone can verify please. We own a property in Los Gallardos and are moving permanently in July! We have our NIE, and bank with Cajamar. We bank in the U.K. with Nat West. I was under the impression that we could change our address to Spain and keep the Uk accounts “alive”. Spok...

...e to them today and it was implied that at some point, maybe, they would want to close it due to lack of use!! My pension won’t be coming in for three years and there will be very little activity from now on!! We don’t want to close the accounts as, although we have no intention of returning to the U.K. permanently, we still have children and grandchildren here!! So my question is, are we likely to be told to close the accounts in the future or not!!!??? I’m not sure if it’s a question with a definite answer, but thoughts would be welcome. Thanks. Gary

WEvwere only discussing this yesterday and we were under the impression that you couldn’t have an English bank account if you lived abroad. 

Very useful to know. Another worry ticked off the list

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Peter49

Posted: Thu Jun 11, 2020 3:34pm

Peter49

Helpful member

Posts: 146

95 helpful points

Location: Turre

Joined: 25 Dec 2019

Posted: Thu Jun 11, 2020 3:34pm

Moved here last April.and resident now, UK  bank accounts and credit cards working perfectly from Uk .EE stoped my phone though.have a better deal with a Spanish number which helps with Spanish bank account.

Alicia 11

Posted: Thu Jun 11, 2020 5:01pm

Alicia 11

Super helpful member

Posts: 2098

1774 helpful points

Location: Mojacar

Joined: 30 Sep 2019

Posted: Thu Jun 11, 2020 5:01pm

have been here for 16 years now and still use our Nationwide current account ,credit card and debit card, and have savings accounts with them.  occasionaly they check it is us using the credit card but they hold our Spanish address on file.  we use internet banking but they still send us info letters by post.  remember to declare any interest you get because tax free in UK is not in Spain. 

hartcjhart

Posted: Thu Jun 11, 2020 10:25pm

hartcjhart

Very helpful member

Posts: 1071

924 helpful points

Location: Mojacar

Joined: 26 Oct 2017

Posted: Thu Jun 11, 2020 10:25pm

For future reasons it would be better to keep a 'UK' address,for banking/health,doctors etc,you never know if something goes 'boobs' up and you need to return to the UK,this could be a relatives/good friends addy,so long as it looks like you still have a 'foot' in the UK

Shep

Posted: Wed Jun 17, 2020 2:10pm

Posts: 61

23 helpful points

Location: Vera

Joined: 9 May 2018

Posted: Wed Jun 17, 2020 2:10pm

Hi i have read all the commitments myself i have UK bank account and Spanish bank account.

Our uk bank Barclays insisted we had a uk address i use my daughter's.

However in answer to your question i have heard of banks requesting closure of accounts through inactivity. It's the same with credit cards. I cannot get my pension paid to Spain so i do use my uk bank monthly. 

Hiacynth

Posted: Wed Jun 17, 2020 2:56pm

Hiacynth

Helpful member

Posts: 93

59 helpful points

Location: Albox

Joined: 29 Mar 2020

Posted: Wed Jun 17, 2020 2:56pm

Shep wrote on Wed Jun 17, 2020 2:10pm:

Hi i have read all the commitments myself i have UK bank account and Spanish bank account.

Our uk bank Barclays insisted we had a uk address i use my daughter's.

However in answer to your question i have heard of banks requesting closure of accounts through inactivity. It's the same with credit cards. I cannot get my pension paid to Spain so i do use my uk bank monthly. 

Hi  My husband and I have  bank A/Cs in the UK  mine is not used all that often except when visiting the children. My husband has his private pension payed into our Nationwide A/C.  I'm with Lloyd's and have no problems with them However you must declare  to the Spanish tax what moneys you have there. They do check.  Cheers hope this has been a little helpful. 

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