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As I understand, this only applies if you no longer have an address in the Uk.
I'm trying to find out more details, as some Private pensions will only pay into a UK account.
Will update when I can add anything factual / useful.
Life is short.....Be kind to one another
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Just give your UK bank account the address of a relative or friend who is in the UK (making sure you trust them!) if you have no house in the UK. If you have a UK house still in the UK then you will be ok just continue to bank online. The reason is that your UK bank account has to be linked to a UK address.
I would suggest you get a FairFX (Equals) other prepaid cards are available which allow you to pay in euros for things you pay in shops & restaurants etc. I would suggest you don`t use the cards to withdraw cash from ATM`s as most them charge for each withdrawal now in Fuerteventura.
Transfer funds to your euro bank account as & when you want using a currency transfer company or the prepaid card as they give better rates than your UK bank usually so that you can put funds in for standing orders for utilities & for withdrawing cash from your Spanish bank (at no cost for withdrawing).
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I was always under the impression for many years that if you are not UK resident, you can't open/operate a UK bank account and that you need to open one offshore - Jersey, Isle of Man and Guernsey.
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