Britons living in EU told their UK bank accounts will be closed

in News · 22-09-2020 08:28:00 · 2 Comments

Thousands of Britons living in the EU will have their UK bank accounts closed by the end of the year because of the failure to agree a post-Brexit trade deal.

Lloyds, Barclays and Coutts have informed retail and business customers that they will lose their accounts before or when the Brexit transition period ends on 31 December and more banks are expected to follow suit.

Lloyds Banking Group has contacted its 13,000 customers, including in Portugal, warning them they must make alternative arrangements as the bank is no longer allowed to offer services.


How will they retrieve any outstanding overdrafts?

By Greg from Açores on 24-09-2020 12:33

I have received notification of this from Barclays. No advise on how to go about it!!

By Susan Seber from Other on 23-09-2020 10:02
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.