HSBC bank begins ex-pat personal account closures

HSBC logo

Related Stories

HSBC bank has announced a new policy of closing the personal accounts of former UK and Crown Dependency residents.

The move will affect people who have previously lived in the Channel Islands, the Isle of Man and the UK, but who have since moved abroad.

HSBC said in some exceptional cases, accounts would not be closed.

A spokesperson for the bank said the new approach was aimed at giving customers "better options", and had not come as a result of restructuring.

Former Guernsey resident Alan Redwood said he had been told his account would be closed, despite him owning property and having family in the island.

Mr Redwood, who moved to Australia 19 years ago, said he had been told there were no valid reasons for keeping his account open.

HSBC in Guernsey announced last week that the bank was "restructuring" some of its island-based interests.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey


Guernsey Airport

Min. Night 6 °C

Features & Analysis

Elsewhere on the BBC

  • Audi R8Need for speed

    Audi unveils its fastest production car ever - ahead of its Geneva debut


  • 3D model of Christ the Redeemer statueClick Watch

    Using drones to 3D map the famous Brazilian landmark Christ the Redeemer

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.