Link Revolut with Degiro in the UK


#1

Hi all,

I currently live in the UK and i have an account at an online stockbroker platform called “Degiro” which is linked to my HSBC bank account.

Problem is that i am planning to move permanently overseas (to Cyprus) and i have the following issue:

Most banks in the UK don’t allow to hold a UK account if you don’t have a permanent residence in the UK. Also, the UK platform does not accept Cypriot Banks. Therefore i will need to change my nominated back account that i have linked with the platform and i was thinking to link my Revolut account.

Does anyone know if there will be any problems if i do that? Also, will there be any restrictions i.e. if i want to move £5000 from my Revolut account to a local bank account in Cyprus at any point?

Many thanks for your help


#2

Did you ask hsbc if its possible to hold youre account in the uk when you leave. Just thinking because they have branches in Cyprus (Nicosia) I was in a branch in Nicosia as i had a stop on Larnaca Airport When i was flying from ZRH to BEY.
If its not Urgent i can ask them when i be there next Month.

afaik Degiro is fintech, why not ask them to add support for linking youre :r: account.

Limit: I think as long as you stay in youre yearly limit there is no problem to move from :r: to a local account.


#3

Thank you Myabou for your response.

I actually didn’t know that HSBC has a branch in Nicosia. Also, not sure if they act as a completely different entity.

I will send them and email and ask them about it