AliB Posted August 11, 2015 Report Share Posted August 11, 2015 Hi. Just trying to plan for our move to Perth. My current issue is what can I do with current bank accounts. I would like to keep it open to allow our regular phone contract charges to continue to be paid until contract ends. So is it possible to have an open UK bank account even though living in Australia? Thanks for any advice Quote Link to comment Share on other sites More sharing options...
TheMackemSlayer Posted August 11, 2015 Report Share Posted August 11, 2015 Yes, just leave it open and do nothing other than change registered address (either to parents house or another relative etc). Quote Link to comment Share on other sites More sharing options...
Arwen Posted August 12, 2015 Report Share Posted August 12, 2015 We kept ours with Natwest and they would allow us to have a registered address in Australia. Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted August 12, 2015 Report Share Posted August 12, 2015 (edited) Still got our life assurance coming out of joint Santander account to Aviva and my own personal account for when / if we return, we just let them know our oz address. The life assurance we have covers us for living abroad, it's one out F.A sorted for us as it covered Australia. Edited August 12, 2015 by Guest6235 Quote Link to comment Share on other sites More sharing options...
gar374 Posted August 12, 2015 Report Share Posted August 12, 2015 We still have ours, also with the address updated to our Aussie address. Apparently by having at least one account open in the UK, you maintain y R credit rating as well. Quote Link to comment Share on other sites More sharing options...
alant Posted August 12, 2015 Report Share Posted August 12, 2015 We still have ours, also with the address updated to our Aussie address. Apparently by having at least one account open in the UK, you maintain y R credit rating as well. Having a bank account open doesn't maintain your credit rating - the use of and payment of credit (like a UK credit card) maintains your credit rating. This shows a history and ability of debt repayment - you don't get this by keeping a bank account open (so I'm told) Quote Link to comment Share on other sites More sharing options...
Arwen Posted August 12, 2015 Report Share Posted August 12, 2015 Having a bank account open doesn't maintain your credit rating - the use of and payment of credit (like a UK credit card) maintains your credit rating. This shows a history and ability of debt payment - you don't get this by keeping a bank account open (so I'm told) That's my understanding too. Quote Link to comment Share on other sites More sharing options...
Druid Posted August 12, 2015 Report Share Posted August 12, 2015 I still have my Barclays account with my NIC's going out every month and I use it to pay my Barclaycard, which has a life insurance policy payment going out every month, then I have Santander with my mortgage and mortgage payment going out every month, I also use that to top up my Barclays every three months or so, with life insurance by the way, make sure you are covered for living in another country a couple of my policies would only cover me for 3 months or so while living abroad, the one going out of Barclays is finen Quote Link to comment Share on other sites More sharing options...
KatieLou Posted August 13, 2015 Report Share Posted August 13, 2015 I was told by Haliax that all the UK accounts we have can stay open but we are just not allowed to open any new accounts in the UK. Quote Link to comment Share on other sites More sharing options...
AliB Posted August 14, 2015 Author Report Share Posted August 14, 2015 Thanks for advice, will speak to my bank. Quote Link to comment Share on other sites More sharing options...
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