Closure of UK bank accounts to EU residents

66 posts in this topic

Not only are the Natwest not closing my UK account but as of a recent transfer to my account in Germany they are no longer charging 10 GBP for a standard transfer, it was free!

Most welcome.

I'm sure they ripped me off on the exchange rate but hey what's new.

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I'm with first direct, just transferred some cash to Germany, I've never had a fee charged by them, but I guess they make up for it in the rate, 1.08 Euros to the pound this time :(

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7 minutes ago, Wulfrun said:

I'm with first direct, just transferred some cash to Germany, I've never had a fee charged by them, but I guess they make up for it in the rate, 1.08 Euros to the pound this time

That rate is awful. Use a service like transferwise - they will give you a much better rate. Today you could have got €1.12 to the pound. ;) 

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Which? British expats left with few options as more UK banks confirm Brexit account closures

 

Quote

An increasing number of British citizens living in EU countries are being told their UK bank accounts will be closed after the Brexit withdrawal period ends on 31 December 2020.

 

We last covered this topic at the beginning of October, when the majority of UK banks we spoke to said they were not planning to close any accounts – however, this situation seems to have changed.

 

Here, we reveal the experiences some British expats have had with their banks, and explore what the alternatives are if UK banking providers can no longer operate in your country of residence.

 

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1 minute ago, Wulfrun said:

Brits in the EU are finding it hard to know which banks will continue to operate in which countries

:huh: Surely they just need to ask their own banks and then they will know if they need to move their money? 

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Project fear. Just demand that your bank not close your account. Bang your fist on the table for added effect.

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Honestly, some people on here need babysitting!

 

They can't solve the simple things in life, like opening a bank account, and want the government to do it for them. 

 

How do you cope with the vagaries of day to day life? 

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Oh and if banging your fist on the table doesn't help then ask them politely if they know which of the UK banks still open to new business from non-residents are committed to this position for more than the next 3 weeks. #notthefaultofbrexitnothingis

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I remember fondly our day trip on the trains Keefy. Thinking of you at this time. You are right to seek a second opinion. 

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Oh, damn. I remember enjoying your posts back in the day.

Keefy, please insist on visiting other clinics, not just other doctors in the same clinic.

Are you in German public health insurance? The insurance has a number you can call to get specialists' appointments quickly (less than four weeks), and don't let anybody brush you off at the clinics.

 

Ah... a difficult but important topic comes to mind:

Write a Betreuungsverfügung and/or a Vorsorgevollmacht! (aka power of attorney, living will etc.)

This is just as important as a will.

These documents handle who may handle your affairs if need be!

I wish you a lot of strength and am glad you have people to help you.

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@Metall

Yes, publically insured, and as I'm an awkward sod I'm not going to take the first diagnosis as gospel.

My girlfriend has power of attorney as I'm disabled and she knows her way around the law (her Mum was a lawyer).

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wow... lots of editing...

 

best wishes... 

 

 

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17 hours ago, Metall said:

... don't let anybody brush you off at the clinics...

I wonder how that works precisely.

Keefy, never met you, but I wish you well.

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