nyorksgrannie Posted February 24, 2019 Share Posted February 24, 2019 Hi I hope some of those that used to contribute to this site that got visas earlier than us might still pop in and read updates from time to time , hopefully someone will know the answer. We have up to now had our uk state pensions paid into a uk bank account and then transferred to a currency transfer company who arrange the payment into our Aus bank account, if we close the uk bank account which we will need to do, does the pension office transfer through a bank with higher transfer fees to us? Quote Link to comment Share on other sites More sharing options...
rammygirl Posted February 24, 2019 Share Posted February 24, 2019 Why will you need to close the UK bank account? Quote Link to comment Share on other sites More sharing options...
nyorksgrannie Posted February 24, 2019 Author Share Posted February 24, 2019 29 minutes ago, rammygirl said: Why will you need to close the UK bank account? We no longer have a uk address Quote Link to comment Share on other sites More sharing options...
JetBlast Posted February 24, 2019 Share Posted February 24, 2019 4 minutes ago, nyorksgrannie said: We no longer have a uk address You don't need a UK address to have a UK bank account. Quote Link to comment Share on other sites More sharing options...
rammygirl Posted February 24, 2019 Share Posted February 24, 2019 Neither do I and I still have accounts with several UK banks, they send new cards to my Australian address. You should be able to keep an existing account you just cannot open a new one. They will ask you to complete a declaration at some point giving them your ATO info as part of the new regulations. If you have online access look at the info you should be able to change an address to an overseas one, if not give them a call. Plenty of people stil have UK accounts decades after migrating and use their Australian address. Who is the account with? Quote Link to comment Share on other sites More sharing options...
Marisawright Posted February 24, 2019 Share Posted February 24, 2019 I agree, don't let them bully you into closing the account. You will find a UK bank account handy for a lot of things. If you keep getting your UK pension paid into the account, it will remain "active' so it should be in no danger of getting closed down. Quote Link to comment Share on other sites More sharing options...
nyorksgrannie Posted February 25, 2019 Author Share Posted February 25, 2019 17 hours ago, rammygirl said: Neither do I and I still have accounts with several UK banks, they send new cards to my Australian address. You should be able to keep an existing account you just cannot open a new one. They will ask you to complete a declaration at some point giving them your ATO info as part of the new regulations. If you have online access look at the info you should be able to change an address to an overseas one, if not give them a call. Plenty of people stil have UK accounts decades after migrating and use their Australian address. Who is the account with? 17 hours ago, rammygirl said: Neither do I and I still have accounts with several UK banks, they send new cards to my Australian address. You should be able to keep an existing account you just cannot open a new one. They will ask you to complete a declaration at some point giving them your ATO info as part of the new regulations. If you have online access look at the info you should be able to change an address to an overseas one, if not give them a call. Plenty of people stil have UK accounts decades after migrating and use their Australian address. Who is the account with? Many thanks rammygirl, Jetblast & MarisaWright, We assumed others with UK accounts gave a close relatives address, still in the UK. We don’t have any close relatives left there, just elderly cousins. We were originally told the bank wouldn’t send replacement debit cards overseas but did get them to do it after several requests.We have been with the bank in question a long time, with hindsight should have transferred to another whilst still in UK. We will continue with our present system thanks to your help! We love it here but so much still to learn! Quote Link to comment Share on other sites More sharing options...
JetBlast Posted February 25, 2019 Share Posted February 25, 2019 4 hours ago, nyorksgrannie said: Many thanks rammygirl, Jetblast & MarisaWright, We assumed others with UK accounts gave a close relatives address, still in the UK. We don’t have any close relatives left there, just elderly cousins. We were originally told the bank wouldn’t send replacement debit cards overseas but did get them to do it after several requests.We have been with the bank in question a long time, with hindsight should have transferred to another whilst still in UK. We will continue with our present system thanks to your help! We love it here but so much still to learn! What bank are you with? I was with Natwest & HSBC when I was last over in Aus and both didn't have any problems with it. I am going back over this year so would be keen to know if I expect any trouble from them. Quote Link to comment Share on other sites More sharing options...
rammygirl Posted February 25, 2019 Share Posted February 25, 2019 Sometimes the staff you ask are not aware that accounts can be kept. You need to persist. There is no reason you cannot keep an existing account within the new regulations. Of course an organisation can choose not to let you and some banks/building societies may do this. You cannot open a new account, even within the same bank though. 1 Quote Link to comment Share on other sites More sharing options...
nyorksgrannie Posted February 26, 2019 Author Share Posted February 26, 2019 20 hours ago, JetBlast said: What bank are you with? I was with Natwest & HSBC when I was last over in Aus and both didn't have any problems with it. I am going back over this year so would be keen to know if I expect any trouble from them. 18 hours ago, rammygirl said: Sometimes the staff you ask are not aware that accounts can be kept. You need to persist. There is no reason you cannot keep an existing account within the new regulations. Of course an organisation can choose not to let you and some banks/building societies may do this. You cannot open a new account, even within the same bank though. Barclays Quote Link to comment Share on other sites More sharing options...
Marisawright Posted February 26, 2019 Share Posted February 26, 2019 53 minutes ago, nyorksgrannie said: Barclays So, have you had a letter warning you they're going to close the account or what was the situation? Quote Link to comment Share on other sites More sharing options...
ramot Posted February 26, 2019 Share Posted February 26, 2019 1 hour ago, nyorksgrannie said: Barclays In I think 2015? Barclays Bank closed or threatened to close bank accounts in either a couple or several countries to expat clients living there. Cyprus was one, unless you held a substantial amount in an account. My brother was potentially affected by this, but I can’t remember how it ended. Perhaps Barclays still does things like this? Don’t take advice from a bank teller, go to the top for advice. We have lived overseas for 26 years, and have never had a problem keeping our UK bank accounts open, we are with Lloyd’s and Nat West. and have always used our overseas address. Do all our business on line. It can be very useful to keep a UK account, if you have family still in UK it makes it so easy to pay for gifts etc. We have our UK state pensions paid into them, and leave it there for our annual visit. To the best of my knowledge its adviceable to make sure that at least a small amount is paid in regularly to ensure it is kept open. Pension should be sufficient. Hope you get it sorted. 1 Quote Link to comment Share on other sites More sharing options...
nyorksgrannie Posted February 26, 2019 Author Share Posted February 26, 2019 Many thanks Ramot, I am not sure if there is any relevance but Barclays closed a lot of their overseas branches, Sydney being one of them and they just have a Corporate office now. Not sure why this would affect our UK account though but the impression we were given was that it would be a temporary arrangement to keep the account open, our state pensions are paid into there and I have used it to send gifts etc., but that also has become more difficult as companies want Uk billing address for card payment. I use Paypal when I can now, or just pay in Aus Dollars. I do find the pin sentry gadget useful though for accessing account details. Many thanks for your help. Quote Link to comment Share on other sites More sharing options...
Jyoti1965 Posted February 26, 2019 Share Posted February 26, 2019 22/6/15 June ki file 143subclass visa grant hoa ha. Ta daso ji Quote Link to comment Share on other sites More sharing options...
Sharpeys Posted March 1, 2019 Share Posted March 1, 2019 Dear friends, We are reaching the point near time to move and think we have covered most bases. When it comes to pensions, I have a private pension from my work as a police officer and enquiries seem to show this will just be a case of supplying our Aussie bank details and it will go straight in there. We are getting very confused as to how to address the State pension payments. Having read this thread, is it just a case of keeping the account open which the pension gets paid into and transferring it down via moneycorp, or can you set it up to go straight into your Oz account. Confused of Kendal. Quote Link to comment Share on other sites More sharing options...
Judy Posted March 1, 2019 Share Posted March 1, 2019 2 hours ago, Sharpeys said: Dear friends, We are reaching the point near time to move and think we have covered most bases. When it comes to pensions, I have a private pension from my work as a police officer and enquiries seem to show this will just be a case of supplying our Aussie bank details and it will go straight in there. We are getting very confused as to how to address the State pension payments. Having read this thread, is it just a case of keeping the account open which the pension gets paid into and transferring it down via moneycorp, or can you set it up to go straight into your Oz account. Confused of Kendal. We have just arrived in Australia. My husband gets his state pension and called the international pension centre last week to let them know we were moving. He was advised that the payment can continue to be paid to his UK bank or they can pay it to an overseas account. The only problem with that is you will have no control over the exchange rate. Hope this helps. Quote Link to comment Share on other sites More sharing options...
Sharpeys Posted March 4, 2019 Share Posted March 4, 2019 On 01/03/2019 at 17:59, Judy said: We have just arrived in Australia. My husband gets his state pension and called the international pension centre last week to let them know we were moving. He was advised that the payment can continue to be paid to his UK bank or they can pay it to an overseas account. The only problem with that is you will have no control over the exchange rate. Hope this helps. On 01/03/2019 at 17:59, Judy said: We have just arrived in Australia. My husband gets his state pension and called the international pension centre last week to let them know we were moving. He was advised that the payment can continue to be paid to his UK bank or they can pay it to an overseas account. The only problem with that is you will have no control over the exchange rate. Hope this helps. Thanks very much Judy. Appreciated. Quote Link to comment Share on other sites More sharing options...
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