How to open a savings account in a UK bank while being in Mauritius?

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Khush_Mendossa
moricien
gices
Madeleine_Stella
Nikhil_Patel

How much interest will I get?

8 Replies

moricien
moricien Level 2

Gices already replied to your question. btw why would like to opt for this? because of more money coz of interest rates? :p

Khush_Mendossa
Khush_Mendossa Level 3

Because Mauritius is drowning! :p

moricien
moricien Level 2

lolzz xD

You should invest in a boat or submarine then :p

Nikhil_Patel
Nikhil_Patel Level 1

Hey guys,

so i am moving from New York to Mauritius in September as my company just moved it's HQ there.....I am a British Citizen, but have been living here in the USA for 10yrs now.

Whats a good bank in MRU that i should open an account with?

gices
gices Level 6

There are two main things to consider when trying to open a bank account in the UK :

  • proof of your identity
  • proof of address (UK)

Foreigners can open a bank account (eg students) provided they have proof of address (utility bill, tenancy agreement etc)

Source : MoneyFacts.co.uk

Why are you looking to do this btw?

Khush_Mendossa
Khush_Mendossa Level 3

I'm thinking 'big'. From recent news it appears that our rupee will be totally annihilated even if we resist the African currency.
Also, imagine a natural calamity like a tsunami hitting Mauritius and we lose our homes (god forbid), our savings will have no value in other countries even if we had millions in bank.
So, I'm just taking a precaution.
Thanks for the info.

gices
gices Level 6

You can open a foreign currency account in Mauritius. I've got one in GBP with MCB, however they do not give you any interest at all on the savings and you have yearly fee to pay for this type of account. I think SBM offer a better deal though you might want to check with them first.

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