UK banks closing accounts of ex-pats if they don't have a uk address
Hi, just clocked this article on UK banks closing accounts of ex-pat. Thought it would be useful to post.
https://www.bbc.co.uk/news/business-54240777
StuC
Hi, just clocked this article on UK banks closing accounts of ex-pat. Thought it would be useful to post.
https://www.bbc.co.uk/news/business-54240777
StuC
It's been going on for a few months now.
Posted: Fri Sep 25, 2020 8:50am
Super helpful member
Someone I know said she rang Lloyd's and they said it did not affect debit accounts only credit cards.
Sunnyspain wrote on Fri Sep 25, 2020 8:50am:
Someone I know said she rang Lloyd's and they said it did not affect debit accounts only credit cards.
Thank goodness for that - for a moment I was a bit worried there!
Posted: Fri Sep 25, 2020 9:23am
Super helpful member
Karenp wrote on Fri Sep 25, 2020 9:15am:
Thank goodness for that - for a moment I was a bit worried there!
Hopefully they gave her the correct information.
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Sunnyspain wrote on Fri Sep 25, 2020 9:23am:
Hopefully they gave her the correct information.
I only have debit and savings account with my two UK banks - I might just ring them next week. I haven't received any notification of this and something so important I would have thought they would have.
Sunnyspain wrote on Fri Sep 25, 2020 8:50am:
Someone I know said she rang Lloyd's and they said it did not affect debit accounts only credit cards.
Completely wrong information.
It affects current accounts.
Type the words 'expat bank account closures uk' into Google & all the information is there.
Posted: Fri Sep 25, 2020 10:12am
Super helpful member
Roland wrote on Fri Sep 25, 2020 9:56am:
Completely wrong information.
It affects current accounts.
Read more...
Type the words 'expat bank account closures uk' into Google & all the information is there.
I'm aware of whats been in the media im stating a friend called Lloyds direct and they told her it does not affect her account. Its not false info its what her bank have told her.
Posted: Fri Sep 25, 2020 10:33am
Super helpful member
I have just called Natwest and they told me they have no plans to close any accounts for customers living in the EU after brexit unless they legally have to.
Sunnyspain, 'legally have to' is exactly what the article is saying if the banks feel it's too costly to operate within the EU after 31st 2020 they'll shut you down.
StuC
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