Why save in British banks?

[TimberWolf]

My Grandfather moved money to Australia when the UK looked like going tits up in the early 1970s.

His UK Bank Manager gave him a lecture about being 'unpatriotic' when he did it.

It will be down to the individual bank as to whether they will accept overseas customers, but it looks like they are keen to sign up people that are migrating there so it should be possible.

http://www.anz.com.au/personal/trave...paring-europe/

The only downside that I can see is that they won't let you withdraw any money until you have turned up at one of their branches to introduce yourself in person. The cost of the journey over there to do this may negate any savings that you could make.

Hmm, thanks for the info. I'm about due another visit to OZ, but nevertheless the need to turn up in person part makes me wonder how easy it would be to transfer funds out later, without being there in person again.