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PenguinNinja 
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
894 posts
| Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 9:30 am)
I'm moving to the UK with my company, and I have to maintain an account in the US and have an account in the UK simultaneously (for tax purposes, I think). Anyway, I'd prefer to have a US account & a UK account both with the same bank such that I can transfer funds b/w accounts easily and do all my personal banking from a singular website.
My current checking & MMA are with Capital One, and I don't think they have UK accounts. Anyone have any recommendations for a good bank with a good, user-friendly website?
Thanks!
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foshizzle 
LSU Fan
Member since Mar 2008
25465 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 1:19 pm to PenguinNinja)
You will shortly be on a first-name basis with an IRS auditor.
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Jim Rockford
LSU Fan
Member since May 2011
23923 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 3:43 pm to PenguinNinja)
HSBC has branches in the US and UK.
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reb13 
Ole Miss Fan
Oxford, MS
Member since May 2010
8230 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 4:36 pm to foshizzle)
quote:
You will shortly be on a first-name basis with an IRS auditor.
My aunt has been an ex pat the past 10 years and she has to report every single expense she has every day and where she was to her CPA at Pwc. You have to keep very good record of where you are when you "make the money".
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PenguinNinja
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
894 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 5:36 pm to foshizzle)
It's all on the up and up. I'll be living in the UK and earning my money there and paying taxes there ( at least my company will be, on my behalf).
Audit away!
Now... any word on banks?
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NC_Tigah
LSU Fan
Member since Sep 2003
40698 posts
 Online
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 5:50 pm to Jim Rockford)
quote:
HSBC has branches in the US and UK.
Yep.
We've also had a productive personal banking relationship with UBS.
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PenguinNinja
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
894 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 7:17 pm to NC_Tigah)
I don't think I can ever think of having seen an HSBC or UBS branch anywhere.
Where is one near NOLA? Can I open both US and UK accounts online ?
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SECMAN16
LSU Fan
Member since Nov 2010
53 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 7:23 pm to PenguinNinja)
quote:
It's all on the up and up. I'll be living in the UK and earning my money there and paying taxes there ( at least my company will be, on my behalf).
If you are a US citizen you will also be paying taxes in the US.
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Stanky Legg
Member since Sep 2010
4052 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 7:36 pm to SECMAN16)
quote:
If you are a US citizen you will also be paying taxes in the US.
Maybe, maybe not.
Depends on how long you are gone and how much you make.
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PenguinNinja
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
894 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 9:56 pm to SECMAN16)
quote:
If you are a US citizen you will also be paying taxes in the US.
False.
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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
12570 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 10:00 pm to PenguinNinja)
quote:
I don't think I can ever think of having seen an HSBC or UBS branch anywhere. Where is one near NOLA? Can I open both US and UK accounts online ?
How important is this?
With USAA, my bank branch is a UPS store, but since I have mobile banking on my phone, any checks can be done from wherever I am instantaneously, so I haven't been to a bank in 6 months since I got that set up on my phone.
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PenguinNinja
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
894 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 10:37 pm to Teddy Ruxpin)
quote:
How important is this?
It's not important at all...except when I'm opening my account. I'm told that since I don't have any credit history in the UK, it may be difficult to open a UK bank account, so I'd think it'd be best if I did so in person to explain...maybe bring in a letter of reference from my company.
After that, I have no use for a branch.
I don't know...I haven't opened a checking account since high school. Can you open an account online nowadays? In a foreign country?
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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
12570 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/13/12 at 11:29 pm to PenguinNinja)
quote:
I'm told that since I don't have any credit history in the UK,
Maybe things work differently over there, but you aren't opening up a credit line by opening a bank account. There is no need for credit history or anything of that nature so you wouldn't have to establish credit would you?
I've never had to have anything more than $50 to start a checking account in the US.
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PenguinNinja
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
894 posts
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/15/12 at 12:17 am to Teddy Ruxpin)
That's what I was thinking, but all the pre-assignment orientation documents say to expect difficulty opening a checking (or "current", as they call it) account due to lack of UK credit history.
I don't get it either....
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Dead Mike
LSU Fan
Cell Block 4
Member since Mar 2010
1523 posts
Online
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/15/12 at 12:33 am to Teddy Ruxpin)
quote:
Maybe things work differently over there, but you aren't opening up a credit line by opening a bank account. There is no need for credit history or anything of that nature so you wouldn't have to establish credit would you?
Banks run credit checks to open transaction accounts to screen out potential kiters and minimize potential write-offs. A negative balance due to overdraft(s) is very much like a credit line.
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lighter345
LSU Fan
Member since Jan 2009
8455 posts
Online
| re: Can anyone recommend a good international bank for personal banking? (Posted on 5/15/12 at 12:42 am to PenguinNinja)
my parents use UBS and they are in NOLA, I use it as well but only the online functions.
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