Brexit: Banks warned over expat account closures

Banks must ensure closing expats' UK bank accounts does not leave customers in "undue financial hardship".

It said some were not informing customers in good time, but only certain banks plan to shut accounts.Following the UK's full departure from the EU, UK banks will no longer be allowed to provide services to customers in the EU without the right banking licences. "I was shocked to receive a notification saying that my bank account is going to be closed in two months," she told the programme.

In response to Mr Stride's questions, the new FCA chief executive Nikhil Rathi said banks were being reminded of their responsibilities.

Hahaha out come the deranged again to blame the leavers. It os the eu rules that will block the accounts, nothing to do with the uk. Seek counselling.

My husband is not an expat. My husband is a happy migrant to Belgium in possession of a Belgian ID card and a free train pass. Get your terms right for the sake of all the ‘expats’ in the uk.

Oh dear the government really has messed this up haven’t they. Quelle surprise

The brexit fiasco makes us all poorer (have you seen how much a Euro costs now? It's even worse for any mugs using euros via UK high street banks!) BTW, did you hear about Pat? He migrated to Spain & isn't called Pat any more! Why are UK emigrants notCalledPatAnyMore?

Not expats, emigrants!

Open a multi currency account. It’s not rocket science. Stop crying over Brexit TheFCA

This is the governments fault not the banks.

Guessing the Russian billionaire oligarchs will not be affected by this.

Expats? You mean foreign nationals or immigrants right?

Far better to have an account in the CaymanIslands like GreasySmogg Laughing all the way to the Bank Brexit

Yep, taking back control. Also, strange how UK citizens abroad are termed “expats” but those who have chosen to legally relocate to the UK from foreign shores are “immigrants”. The BBC tax payers money being spent as well as ever.

Blame the idiots who voted for Brexit

Isn't Brexit just great? 🙄

For the millionth time, BBC: it’s either the British in Europe are migrants or the EU citizens in Britain are also expats.

F*cking brexit... And it has not event started yet

What a mess.

Should be based on which way they voted! 😃

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