I'm from somewhere in EU and I've recently landed a job in london.
I was trying to open a bank account here, but I found it extremely difficoult as it appear that to have a bank account
here in some banks, you need to have a credit history, but to have a credit history you need to have a bank account.
This seems a chicken-egg problem and I found this confusing and annoying. I mean, I don't want to borrow money, I just want to put MY money in the bank and maybe spend a bit of it.
Now the question is, how come some bank, will allow you to open an account and others won't?
Also, the bank that allowed me to open the account, doesn't allow me to wire transfer (my) money to another (UK) account, and claims that ll the bank have the same policy for "cash accounts", is that true, I mean, is there an actual law that for some reason donesn't allow you to transfer your funds? Why?