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Can a sterling Bank A/c be set up remotely??

  • 12-06-2012 11:46am
    #1
    richiek67
    Closed Accounts Posts: 305 ✭✭


    Hi Folks

    Looking at George Lees program last night I'm tempted to transfer money from Euro to STG. Can a bank A/c in the Isle of man or mainland UK be set up without actually being there in person?

    Cheers

    Rich;)


Comments

  • #2
    unclebill98
    Registered Users, Registered Users 2 Posts: 3,816 ✭✭✭unclebill98


    Why not go up north?


  • #3
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    richiek67 wrote: »
    Hi Folks

    Looking at George Lees program last night I'm tempted to transfer money from Euro to STG. Can a bank A/c in the Isle of man or mainland UK be set up without actually being there in person?

    Cheers

    Rich;)

    Yes. For example, Nationwide UK Isle of Man.


  • #4
    doopa
    Registered Users, Registered Users 2 Posts: 435 ✭✭doopa


    Fungus wrote: »
    Yes. For example, Nationwide UK Isle of Man.

    You'd normally need to be resident in the UK to open a bank account. However, the Isle of Man ones are 'off-shore' i.e. open to non-residents. HSBC are another option.

    Irish banks do offer Sterling accounts as well. Most of them would be fairly familar with the idea, especially nearer to the border.


  • #5
    random.stranger
    Registered Users, Registered Users 2 Posts: 442 ✭✭random.stranger


    I've found Ulster bank to be the most accommodating. A/C set up through my local branch fairly easily.

    Transferring through something like currencyfair should be a cheaper way to convert your euros than directly transferring between euro & sterling accounts.


    Edit: I wasn't very clear, I was referring to setting up an account in a Northern Ireland branch through a local branch in the south.


  • #6
    Richard
    Registered Users, Registered Users 2 Posts: 2,439 ✭✭✭Richard


    random.stranger wrote: »
    I've found Ulster bank to be the most accommodating. A/C set up through my local branch fairly easily.

    Transferring through something like currencyfair should be a cheaper way to convert your euros than directly transferring between euro & sterling accounts.


    Edit: I wasn't very clear, I was referring to setting up an account in a Northern Ireland branch through a local branch in the south.

    Nationwide UK Ireland have just launched sterling accounts in their Dublin branch:

    http://www.nationwideuk.ie/savings/sterlingrates.asp


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