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Foreign national having HUGE problems opening bank account

7 replies

GrumpyOldHorsewoman · 09/05/2008 11:23

This is an appeal for any of you who can offer me some assistance.

We employ several Indian Nationals, all but one of whom have had no problems opening a bank account for the payment of their wages. However, our most recently arrived employee can't persuade any bank to open him an account - even just a savings account into which his wages could be paid and he could then withdraw with a simple cash card - No debit card, no overdraft, no loan, no cheque book etc etc. We have taken him to just about every bank in the local town, and only Nat West (initially) agreed to open an account, but the application failed when he was unable to provide a UK address for the past 3 years (obviously - he has only been in the UK since we employed him). Now Abbey, who said a savings account would be no problem as it didn't require a credit rating, have also let him down. They have asked for his passport (which he brought in to them) despite the fact that he has already provided them with his work permit, Home Office papers, a letter from our company confirming his address, salary and employment status and a copy of his passport and visas. They say they are waiting on a go-ahead from a higher authority because his passport is Indian (well, duh!) and they have to be careful about money laundering etc. I worked in a bank on a Management Programme for 2 years, and I am failing to understand the logic in all of this. He has provided them with everything they could have ever wanted, all of which is very easy to validate. He has now been in the UK for almost a full year, and still has no account. I have been having to pay his salary cheques into my own account and then giving him the cash when they clear. Can anyone shed some light on why we must endure this nonsense, or tell me where he could go without all the hassle? All suggestions welcome.

OP posts:
janinlondon · 09/05/2008 11:31

I actually don't know the answer, though have encountered similar problems before. What about that basic account at the post office? They may be more accustomed to such situations?

QueenofThebes · 09/05/2008 11:41

Not much help, but I expect it is more to do with the global economy and the awfully named "credit crunch" than anything else. Banks are refusing to take on any kind of risks, however small. As janinlondon says, the post office is probably your best bet. Nationwide might also help as they are a building society and therefore do not have to answer to shareholders which tends to make them a wee bit more flexible.

HTH

Milliways · 09/05/2008 19:51

Are they living here for at least 12 months? If so then then HSBC do a Passport Account .

To open an normal account you usually have to have a utility bill/rental agreement from known agency to prove your UK address AND provide proof (Bank statement etc) or your overseas address. PLUS passport (with valid work visa etc), PLUS provide previous Bank account statements (even if from abroad).

nancy75 · 09/05/2008 19:53

dp opened an acount with lloyds tsb when he arrived here from australia. it is the most basic account but you can pay in wages. this was a few years ago so dont know if its the same now.

MintPattie · 11/05/2008 23:33

My DP and I had trouble opening an account when we arrived from Australia 2 yrs ago - we finally succeeded with HSBC.

There are companies that will manage this for you for a fee - 1st Contact is one that I know of although I have no experience with them so can't make a recommendation.

QuintessentialShadows · 11/05/2008 23:57

I have taken all our au pairs to HSBC. In addition to the passport account, they do a Basic account, where you dont need proof of your overseas addresse.

angy74 · 13/05/2008 11:18

I was successful with HSBC, they opened an account for me and Dh within a week of coming to UK from India...they asked us addressess of where we lived in india but no proof was required.

Checkout HSBC.

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