How to Get a Bank Account as a UK Expat
Banking as a UK Expat: The Challenges
UK citizens living abroad often find themselves caught between two banking systems — too absent for UK banks to serve comfortably, but not established enough for local bank requirements in their new country. The solution depends on why you need UK banking and how long you've been abroad.
Keeping Your Existing UK Account
If you have an established UK current account before leaving, most banks will allow you to keep it even after you move abroad — provided you're honest about your circumstances. Update your address to your overseas address. Some banks restrict online-only services to UK IP addresses; a VPN may help but is a grey area in terms of terms and conditions.
Banks that are generally expat-friendly include HSBC (international banking division), Lloyds International, and NatWest International (based in Jersey).
Opening a New UK Account from Abroad
Opening a new UK bank account without a UK address is difficult but not impossible. Digital banks like Monzo and Starling require a UK address during sign-up. However, some specialist services exist specifically for this purpose.
Specialist Expat Banking Options
- HSBC Expat (Jersey): Full international banking with UK sort code and account number; requires higher minimum balance
- Lloyds International: Offshore account with UK payment capabilities; designed for British expats globally
- Wise Account: Holds GBP with UK sort code and account number; excellent for receiving UK income abroad; not a bank but regulated by the FCA
Tax Considerations
Maintaining a UK bank account does not automatically create UK tax residency — your tax position depends on residency rules, not where your bank account is held. Consult a tax adviser if you have UK rental income, pension income, or other UK-source earnings while living abroad.
