UK Banking for expats in the US
Hi,
I'm currently a UK resident, moving to the US for the first time later in the year (as a green card holder) and am wondering what to do with my UK current account and ISA.
As far as banking is concerned, my bank offers an international account but they charge and I'm wondering if it's worthwhile. I'm concerned that when I tell them I'm moving they'll oblige me to change. I'd be interested to hear what other people did when they moved. Did you speak to your bank? Did you change accounts?
I know I can leave my ISA open (but not make any more contributions while I'm not a UK resident) but again I wonder if this is the best thing to do. I am concerned that I may become liable for tax by the IRS for savings interest.
I'd be very grateful to hear anyone else's experience with these things. My situation is fairly straightforward but it would be great to hear how other people have dealt with this.
With thanks!
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