City AM: expat bank accounts shut

[st599]

Brits in EU slide into Brexit banking limbo as Barclays, Lloyd's and Halifax shut their accounts

 

[Clancy Moped]

It's been on the cards for a while now.

 

[Poignard]

Merely a few teething troubles before we reach the sunlit uplands
?

 

[greeny]

Friend of mine changed his RBS current account address from UK to Portugal last week. Absolutely no hassle. They just did it he said.
Maybe they're preparing the ground and protecting their customer base for when Scotland leaves the UK and re jojns EU. Hehe.

 

[ean_p]

Yawnnnnnnnnnnn..........!

 

[sailaboutvic]

Which is why LB need to keep some kind of UK address,

 

[Yngmar]

This gave me great pleasure (not being a drug baron, I was never their preferred clientele anyways):

 

[Clancy Moped]

This gave me great pleasure (not being a drug baron, I was never their preferred clientele anyways):

?? HSBC aren't closing accounts.

 

[Fr J Hackett]

Nat West don't seem bothered, just issued me a new card.

 

[AndrewB]

Has it become difficult for someone resident in the EU to open a European bank account? I did so immediately before Brexit, when it was quite straightforward. It's a simple enough matter to transfer funds from the UK bank where my pension is paid, using 'Wise' or similar.

Having a local bank does make some transactions a lot easier and eliminates ATM charges. However unlike British banks, most European banks charge for running a current account.