On: Debanking (and Debunking?)

[jdietrich]

As patio11 made abundantly clear in his article, banks are not homogeneous in their preferred customers, their ability to serve specific needs or their tolerance for risk. It may well be true that some banks don't like non-resident customers, but many banks offer products specifically tailored for these customers.

https://www.expat.hsbc.com/international-banking/products/ba...

https://www.santanderinternational.co.uk/international/produ...

[graemep → jdietrich]

Not any non-resident customers. You need to deposit £75k or more with them or have an income or over £100k.

i.e. you need to be far better than a British resident customer to cover the extra KYC costs (its less automated if you are abroad).

People have had accounts closed: https://www.telegraph.co.uk/money/banking/barclays-to-debank...