Reply to: UK banks closing expat's accounts

[NotAllThere]

HSBC and their subsidiaries state on their website that nothing will change for their customers after Brexit.

[Eirikur]

In many countries (certainly all of the Schengen states) to get a work permit requires going through an immigration process and interview at a consulate or embassy not in the country you intend to work in. Not sure the distinction works.

Not for immigrants from other EU countries, but soon, from Jan 1st, for Brits who want to work in the EU

[zerosum]

A expat either requires only a work visa or is exempt from visa requirements. Immigrants need to go through an actual immigration process before even before being allowed to live and work in the host country .
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In many countries (certainly all of the Schengen states) to get a work permit requires going through an immigration process and interview at a consulate or embassy not in the country you intend to work in. Not sure the distinction works.

[Brussels Slumdog]

Remind me again why a Brit living abroad is an ex-pat and not an immigrant?!

A expat either requires only a work visa or is exempt from visa requirements. Immigrants need to go through an actual immigration process before even before being allowed to live and work in the host country .
It also depends on the host country.Some countries like the Gulf states don't accept immigrants. Indians would probably like to immigrate to Dubai but can't so they remain expats there all their life.




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[darmstadt]

Do you remember these?

Didn't really get to live in the UK until after decimalisation. Just got my book out and the first deposit was in May 1974 of 2 pounds and 10 pence and got up to the grand sum of 228 pounds in 1982. The last entry was a withdrawal in 1983...

[Paddy]

Will this affect my Post Office Savings account (all GBP1,18p of it)....

Do you remember these?

[NotAllThere]

An 'ex-pat' means your native country would happily have you back, an 'immigrant' means your adopted country is willing to let you stay permanently. One could of course fit into neither category...

And I'm in both - but I'm still not coming back.

[Old Greg]

An 'ex-pat' means your native country would happily have you back, an 'immigrant' means your adopted country is willing to let you stay permanently. One could of course fit into neither category...



For example...

Pollution is the correct term.

[Mordac]

Remind me again why a Brit living abroad is an ex-pat and not an immigrant?!

An 'ex-pat' means your native country would happily have you back, an 'immigrant' means your adopted country is willing to let you stay permanently. One could of course fit into neither category...

I'm neither.

For example...

[scooterscot]

Remind me again why a Brit living abroad is an ex-pat and not an immigrant?!

I'm neither.

[scooterscot]

I just checked and someone has ripped out several of the front and back pages of my dictionary.

It just goes from bad to worse.

Oh the pain.

[Mordac]

In terms of the UK, I'm an emigrant. In terms of Ireland, I'm an immigrant. I wouldn't describe myself as an expat as I don't intend to return to the UK.

Finally, some good news...

[Old Greg]

In terms of the UK, I'm an emigrant. In terms of Ireland, I'm an immigrant. I wouldn't describe myself as an expat as I don't intend to return to the UK.

[zerosum]

Remind me again why a Brit living abroad is an ex-pat and not an immigrant?!

The correct term is now refugee.

[jamesbrown]

They do have e.g. a borderless (business and personal) account for dealing with money in other currencies so TransferWise has outgrown their name, really.

It may also be the only option in the short term if you're caught by a UK bank closing and haven't built up sufficient proofs to open an account in the country you're moving to, or don't trust the local banking system (Cyprus )

That's what I was thinking of, the borderless account (it's great), but you need to treat it like a transfer service and not leave money there, for precisely the reason you mention - no FSCS protection.