Moving Abroad | Moving To Another Country - HSBC UK (2024)

FAQs

Can I still keep my UK bank account if I move abroad? ›

Yes, it is a good idea to tell your bank that you're moving. If you don't, you could find that access to services like online banking is restricted once you've moved abroad. The bank could also freeze or close your account.

You can set up an HSBC UK bank account from many locations abroad. Once you've chosen your preferred account, use the apply button to find out if you might be eligible.

There's no need to inform us before you travel. You can let us know it's you using your card abroad by making a chip and PIN payment when you arrive. Please make sure your contact details are up to date so we can get in touch if there are any problems.

Go to 'My banking', find 'Global View' and select 'Add/remove a country or region'.

Some UK banks, such as HSBC and Barclays, will allow you to open a UK bank account even if you're still living overseas. This can be useful if you want to get it all sorted before your moving date. Opening an account takes around 10-15 days, but again this varies between banks.

These actions, not limited to banks but also affecting investment accounts, result from the end of the EU passporting system that allowed UK banks to operate in the EU. Expats affected have options like specific expat bank accounts or transferring investments to non-UK institutions.

Quick Summary: UK bank account for US residents

Major UK banks like HSBC and Lloyds also cater to US citizens, offering a range of accounts for international clients. Various types of bank accounts are available, including current accounts for daily transactions and savings accounts with interest.

To join HSBC Expat you must be over 18, resident of an eligible country or region^{11 view footnote 1}, and meet one of these criteria: Save or invest at least £50,000 (or currency equivalent) with HSBC Expat within 3 months of opening your account, or​ Have a salary of at least £100,000 (or currency equivalent), or​

To open an Online Bonus Saver account, you'll need to: have an HSBC Expat Bank Account and be registered for online banking. maintain a minimum balance of GBP 5,000, USD 5,000 or EUR 5,000 in your Online Bonus Saver account.

Your Expat account provides a place for your money to grow in a convenient, central location. It connects to your home account, for financial commitments in your home country, and to your local accounts, for everyday expenses in the country you've moved to.

Will HSBC charge me abroad? ›

Our HSBC Global Money Account might suit your needs. It comes with a debit card and there are no HSBC fees for using your card to make payments or withdraw cash outside the UK, However, other non-HSBC fees may apply.

You can rely on HSBC wherever you travel. While traveling internationally, you will have the peace of mind of knowing that the HSBC Group's ATMs and branch locations offer personal financial services in many countries. Emergency financial support is also available worldwide.

Setting your travel notice over the phone or in-person

To set a travel alert for your credit card over the phone, call the number on the back of your card to get in touch with your bank. The customer service line will either let you speak to a representative on the phone or work with an automated system.

Offshore banking means you conduct banking services with a financial institution outside your country. To open an account with an offshore bank, you will need to provide proof of your identity and other documents. Banks also may require information on the source of your deposits.

Before you leave, call your bank or visit their website to let them know that you'll be travelling. They'll usually ask for your destination, the dates of your trip, and the type of card you'll be using. Be sure to provide them with the dates of your trip and the countries you'll be visiting.

To apply for any Santander UK plc product, you need to be a resident of the UK.

Can you keep your US bank account if you move abroad? Some banks may let you to keep your US account when you move to another country, but it could be more convenient and beneficial to open up an international account, like our Expat current accountExpat current account This link will open in a new window.

An HSBC Expat Account gives you control of your finances and flexibility when you're living or working abroad. Based in Jersey, Channel Islands – just a short flight from London, an expat account is available in pounds sterling, as well as euros and US dollars, with savings accounts available in many other currencies.

I'm an EU citizen living in the EU; will I still be able to have an HSBC UK Bank Account after Brexit? Yes, you'll still have access to all your existing accounts as you currently do, provided you use them at least once every 12 months.