Opening a UK Bank Account & Finding Treasure
Yes, you can open and maintain foreign bank accounts legally, before you leave your home country, even on a student visa. Even in the age of Dodd-Frank and increased scrutiny! In this video, I describe opening a U.K. online bank account from the usa, as a non-resident, and as an American. I explain how to open a regular U.K. bank account too, how to transfer funds (currency exchange via wire transfer), accessing the funds, and later recuperating unclaimed funds. This video is the first of a two part series about how to open foreign bank accounts, at least from our experiences and mistakes. You'll learn some tips and also what not to do, so you can have a quicker, cheaper, less stressful experience.
I first describe how I opened a U.S. online bank account with HSBC so that I can later open a U.K. account with the same bank. This video and the next explains way to open a foreign bank account without: the appropriate length visa, a visa at all, when you forgot your passport, when you don't have a foreign ID, for example.
I discuss timing currency transfers with exchange rate fluctuations and how to get customer support and help when you can't access your funds.
The video explains some of the challenges in accessing and maintaining a foreign bank account especially when you change addresses multiple times. I discuss different countries civil forfeiture procedures guiding inactive accounts and how to find and recuperate unclaimed funds in the U.S.
Make sure you watch the next video, titled: "Opening a Spanish Bank Account" ( • Opening a Spanish Bank Account: tips, tric... ) for a variety of strategies, suggestions, and resources for beginners interested in opening and maintaining foreign bank accounts. Also, make sure to like the video and subscribe to the channel: / @thesshitt .