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Do any UK banks allow Russian nationals to open accounts?

Hi

I have a friend in Russia (a Russian national) who would like to open a Sterling personal bank account in the UK to deposit savings in a currency that's more stable that the rouble.

Firstly, is it possible with any UK bank? Should the account be off-shore? Is it possible to even have this person as a name on a joint account with me?

Thanks Chris R.

Reply to
Chris Raper
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A Russian friend of mine did that when she wanted to leave some sterling which she had in a safe haven, during a visit to the UK. That was in 1989, before they got so fussy about the money laundering business. The account was in her name, and I was authorised to operate it for her. She eventually married a German and settled in Germany, at which stage the funds were transferred to a German bank for her by me.

Reply to
Terry Harper

Hi Terry

Thanks for the speedy reply. Any idea which the best (most friendly) banks are/were for that kind of thing?

I have tried online banks (Smile & Cahoot) and some highstreet banks without much luck. The online ones just say no - outright. While the high-street ones all seem to want to direct me to offshore banking, which I am a very wary of (but not sure why - other than the tax declaration problems).

Thanks Chris

Reply to
Chris Raper

There's nothing wrong with Barclays off shore (Isle of Man) I've been using them for years

Paul

Reply to
Paul G

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