This is aimed at UK expats. I am moving to Thailand in November. I have the sufficient funds to qualify but I have been informed that leaving UK I must close all my UK bank accounts. I have looked at expat offshore bank accounts the rates are poor and their are additional fees. Thai bank accounts having made my 800,000 deposit offer poor interest rates on other cash I might deposit. Looking for advice please.
TLDR : Answer Summary
The original post raises concerns about potentially needing to close UK bank accounts when moving to Thailand. Multiple comments clarify that it is generally not necessary to close UK bank accounts upon relocation. Many expats have maintained their accounts while living abroad, often using a family member's address in the UK for correspondence. Suggestions include consulting with a lawyer for proper advice and considering international banking options like HSBC's global services. There is significant advice regarding maintaining a UK address and mobile number to avoid complications with bank operations, along with various options for handling finances while living in Thailand.
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