HSBC UK or US
I realize there has been a lot of discussion on HSBC on this thread and really appreciate it. My situation is that we will be selling our house on the US prior to moving to the UK. I’m unsure whether to have this deposited in an HSBC US account, and then open a Uk account once we move to transfer it over. Or deposit it directly in an HSBC UK account. My concern with the latter is that it would result in US/UK tax implications (I.e, equivalent to us trying to deposit our US funds from a US house sale into a Uk bank such as Barclays or Lloyds). Is HSBC UK considered a UK bank that could result in tax implications/foreign fees etc?
Thank you for any guidance!
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Edit: thank you everyone for your suggestions! As a follow up, does it make sense to just do a one time wire from (my current) Bank of America account to HSBC UK, or is it worth opening an HSBC US Premier account for this transfer? I imagine we will close the US Premier account within a year as we won’t be eligible to maintain it without fees