Brits expats being told uk bank closing

Andyviola Active member

Member since 12 August 2018

AndyviolaActive member25 September 2020 20:17:22

This is causing me concern. We have UK tsb bank account. Any advice or just wait and see if bank wants to close account and hope they give us a couple of month's notice?

Guardian article (one of many)

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Culebronchris Serial expat

Member since 10 December 2011

CulebronchrisSerial expat26 September 2020 05:01:47

287

The UK Government website says that some credit cards are being closed at the moment (Barclaycard is the main one - unless you have a UK residential address) but that it will depend on the local agreement of each bank in each country. The ones that seem to be most affected are Barclays, Lloyds and Coutts.

It's relatively simple though. If you don't have a UK residential address then there's nothing much you can do except wait and see.