Sterling account in Ireland

Oirishfruitie

Registered User
Messages
14
I opened Sterling and US dollar holding accounts with PTSB years ago. I never used them as while they accept the foreign currency all withdrawals must be made in euro at rates that are not very competitive.
Thanks bstop. I contacted PTSB as that's who I bank with. They don't offer this service (anymore?).
 

mustang01

Registered User
Messages
53
Yep. I need to speak to Barclays and see why they haven't suggested this to me. It's never easy to get talking to anyone in Barclays, but I'm hoping a number they provided on the letter will make it easier.
I got the same notification, reason being I have a non-UK address. I called them re above and they are no longer providing banking services of any kind to non-UK residents. You could go up to Newry and open a Sterling account there? I have an older one I’m using to transfer mine.
 

Oirishfruitie

Registered User
Messages
14
I got the same notification, reason being I have a non-UK address. I called them re above and they are no longer providing banking services of any kind to non-UK residents. You could go up to Newry and open a Sterling account there? I have an older one I’m using to transfer mine.
I don't think I'll be allowed to open a sterling account up there, same reasons.

My findings so far:

PTSB - No
Ulster Bank - No
Revolut - Yes - but some people hesitant to deposit large sums in an account with poor customer service!
WISE - Yes
Fexco - No - just for exchanges
Currency Mail - again - no - just exchanges
BOI - yes - need to discuss for rates etc
AIB - yes - again need to discuss for rates etc
Barclays - need to speak to them, and there is the option to just leave it there, with no banking service to speak of - just resting in the account!
 

NoRegretsCoyote

Registered User
Messages
4,600
Revolut - Yes - but some people hesitant to deposit large sums in an account with poor customer service!
Customer service is in my experience fine with Revolut.

I wouldn't worry about using Revolut more than anyone else for amounts up to the deposit guarantee maximum of €100k per individual.

If a deposit-taking institution is resolved (wound up or sold in an emergency) it can involve disruption to services and limits on withdrawals for a while. But you don't seem in a hurry to access the funds so this shouldn't be a major concern for you.
 

Look ahead

Registered User
Messages
73
Would I end up in the same situation in a few months/years if/when Lloyds do the same as Barclays.
Possible, because UK is now a third country, alot of the UK banks are writing to customers in EU telling them their accounts are going to be closed. One way of getting round this might be to change the address to that of a friend or relative in the UK.
 

Oirishfruitie

Registered User
Messages
14
Not sure about limits, my balance was modest. Very easy to transfer £ to Euro with Revolut. I note that Barclays International offer £ accounts to non-UK residents who have balances of £100k upwards. See:

Spoke to them this morning. This account is no longer available to NON UK address holders. So international for UK residents!
 

TLO

Registered User
Messages
297
Wow, Barclays need to update their site, saying "A global account for global citizens" is misleading if they insist on a UK address.

Here is another idea, which has worked for posters on other threads; Bank of Ireland in Newry. Here is a link to Bank of Ireland UK's personal current account brochure:


On the last page it says, "if you are resident outside of the UK, we will request certified copies of documentation to verify your identity and address". This suggests that they will entertain account applications from Irish residents.
 

Pmc365

Registered User
Messages
76
Wow, Barclays need to update their site, saying "A global account for global citizens" is misleading if they insist on a UK address.

Here is another idea, which has worked for posters on other threads; Bank of Ireland in Newry. Here is a link to Bank of Ireland UK's personal current account brochure:


On the last page it says, "if you are resident outside of the UK, we will request certified copies of documentation to verify your identity and address". This suggests that they will entertain account applications from Irish residents.
Somebody else on this site suggested to me HSBC UK. I checked their website and it appears they do offer Stg£ accounts to EU
residents.

I have about £700 in Revolut. I suppose I can take a risk with that amount and leave it with Revolut. Incidentally do I have to declare Revolut and N26 with zero balance as a Foreign bank account on my Income Tax return?
 

17-pdr

Registered User
Messages
15
Wow, Barclays need to update their site, saying "A global account for global citizens" is misleading if they insist on a UK address.

Here is another idea, which has worked for posters on other threads; Bank of Ireland in Newry. Here is a link to Bank of Ireland UK's personal current account brochure:


On the last page it says, "if you are resident outside of the UK, we will request certified copies of documentation to verify your identity and address". This suggests that they will entertain account applications from Irish residents.
Opened up a current account about 10 years ago with Bank of Ireland in Newry. It was called a Basic Cash account. Account came with a cash card (not a Visa Debit card). I then applied online recently for a new current account with them. Its called the 'Clear' account which comes with a Visa Debit card. No problems getting it done. You can upload all requested documents online as well. Whole process took about 3 weeks. I closed the old account once the new one was up and running. There are also no fees with the Clear account.
 

Oirishfruitie

Registered User
Messages
14
Opened up a current account about 10 years ago with Bank of Ireland in Newry. It was called a Basic Cash account. Account came with a cash card (not a Visa Debit card). I then applied online recently for a new current account with them. Its called the 'Clear' account which comes with a Visa Debit card. No problems getting it done. You can upload all requested documents online as well. Whole process took about 3 weeks. I closed the old account once the new one was up and running. There are also no fees with the Clear account.
Thanks for this. I'm going to enquire with them
 

17-pdr

Registered User
Messages
15
Thanks for this. I'm going to enquire with them
I don't think you should have a problem. The only thing I had to do was ring them up to give them a good reason as to why I wanted the account after they enquired via an email, so be prepared for that scenario if it arises. It mightn't be a factor here, but because I had the original account with them since around 2010, it probably made setting up the more recent account easier, as I was on their books if you know what I mean.
 

THE_Chris

Registered User
Messages
20
Look to Northern Ireland. A lot of them do provide accounts to ROI customers with the benefit that you can take either euro or sterling out without any currency fees.
Whether you need an NI address now I don't know - but I know people who have done it without that. You may need to make a visit, but The Mournes and Slieve Gullion are worth the trip to Newry to see anyway.
 

17-pdr

Registered User
Messages
15
Look to Northern Ireland. A lot of them do provide accounts to ROI customers with the benefit that you can take either euro or sterling out without any currency fees.
Whether you need an NI address now I don't know - but I know people who have done it without that. You may need to make a visit, but The Mournes and Slieve Gullion are worth the trip to Newry to see anyway.
As far as i know only Bank of Ireland UK do it now. Ulsterbank NI & AIB NI used to open accounts for RoI customers, but since Brexit was completed in early 2021 they stopped doing it. UK/NI only banks such as Danske, Santander etc don’t offer accounts to non-residents either to the best of my knowledge.
 

bstop

Registered User
Messages
443
Somebody else on this site suggested to me HSBC UK. I checked their website and it appears they do offer Stg£ accounts to EU
residents.
I have received email confirmation this morning that my HSBC account has been opened. ROI address.
 

Pmc365

Registered User
Messages
76
I have received email confirmation this morning that my HSBC account has been opened. ROI address.
Are there any fees for the HSBC UK account and do they offer a debit card? I was reluctant to open a sterling account for only £780 in HSBC ( which I currently have in Revout) as I thought I would be obliged to declare it on my income tax form ( eventhough completely legitimate funds from a tax perspective) and this may trigger a Revenue query and if I didn't declare as a foreign account this too might trigger a Revenue query? At least Revolut did not ask for my PPSN eventhough I imagine they should. I suppose for a relatively small sum I can leave it in Revolut and spend on my trips to England.
 
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