UK Savings Accs

[monkeyboy]

Is there anything stopping me from opening a UK bank savings acc if I dont actually live there? I have a UK address.

Aside from curreny Fx risks are there any other costs.
I would assume that if you present a UK bank with a large Euro Draftto open an acc one could negotiate out or to some extent a waiving of Fx fees?

Any thoughts / advice ?

Thanks
MB

 

[ClubMan]

Nothing stopping you from opening an offshore account but you would be obliged to declare it to Revenue if you normally pay tax in Ireland and it's possible that interest could be assessable for income tax rather than DIRT.

Opening a UK account ostensibly as a UK resident because you have an address there but are not actually resident might also be dodgy.