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UK Bank Accounts after Brexit

UK Bank Accounts after Brexit

Old Oct 21st 2020, 11:57 am
  #46  
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Default Re: UK Bank Accounts after Brexit

I have just received an email re my government pension informing me that due to Brexit and pasporting re banking those living in EU may not be allowed UK banking for payment of pensions. So this confirms this will affect more than credit card accounts.
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Old Oct 21st 2020, 3:52 pm
  #47  
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Default Re: UK Bank Accounts after Brexit

You mean an email from UK Government? Or other advisors....
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Old Oct 21st 2020, 5:27 pm
  #48  
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Default Re: UK Bank Accounts after Brexit

Natwest are still offering accounts for EU residents.

https://personal.natwest.com/persona...dents_hub.html

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Old Oct 21st 2020, 6:25 pm
  #49  
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Default Re: UK Bank Accounts after Brexit

Originally Posted by spainrico View Post
You mean an email from UK Government? Or other advisors....
From the police pension administrators. It doesn't say you can't have a UK bank account it says to check with your bank. I have already spoken to my bank to work around the issue to the banks satisfaction.

Last edited by bobd22; Oct 21st 2020 at 6:28 pm.
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Old Nov 13th 2020, 2:48 pm
  #50  
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Default Brexit Banking issues

Have been informed by a relative who works for First Direct that they are going to clamp down on non U.K resident accounts and will start closing accounts with no provable U.K address as of Jan 1st, anyone heard anything else or had any correspondence to this effect? Seems very recent ie meeting upon high within last few days.
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Old Nov 13th 2020, 3:46 pm
  #51  
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Default Re: Brexit Banking issues

Sounds like First Direct has taken the decision not to go for a licence to operate in the EU. All banks will have to make up their minds which way to jump very soon, if they haven't already.
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Old Nov 13th 2020, 4:14 pm
  #52  
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Default Re: Brexit Banking issues

We recently had a big discussion on this topic here

https://britishexpats.com/forum/spai...brexit-934914/
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Old Nov 13th 2020, 4:19 pm
  #53  
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Default Re: Brexit Banking issues

Originally Posted by spainrico View Post
We recently had a big discussion on this topic here

https://britishexpats.com/forum/spai...brexit-934914/
Indeed and I read that, however the last post there was over 3 weeks ago, whereas my post is Bank Specific and current.
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Old Nov 13th 2020, 4:21 pm
  #54  
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Default Re: Brexit Banking issues

OK just thought it might help.
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Old Nov 13th 2020, 4:22 pm
  #55  
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Default Re: Brexit Banking issues

Sorry, I agree with Spainrico.

Please add to then other thread. We cannot have a different thread for every UK bank.
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Old Nov 13th 2020, 4:26 pm
  #56  
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Default Re: UK Bank Accounts after Brexit

Have been informed by a relative who works for First Direct that they are going to clamp down on non U.K resident accounts and will start closing accounts with no provable U.K address as of Jan 1st, anyone heard anything else or had any correspondence to this effect? Seems very recent ie meeting upon high within last few days.
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Old Nov 13th 2020, 4:31 pm
  #57  
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Default Re: UK Bank Accounts after Brexit

My most recent info from them was they would not be closing accounts. That was last week. HSBC is licenced in the EU so would not be restricted.
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Old Nov 13th 2020, 4:49 pm
  #58  
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Default Re: UK Bank Accounts after Brexit

Originally Posted by rafikiphoto View Post
My most recent info from them was they would not be closing accounts. That was last week. HSBC is licenced in the EU so would not be restricted.
Yes that was my understanding until yesterday evening.
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Old Nov 13th 2020, 5:14 pm
  #59  
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Default Re: UK Bank Accounts after Brexit

I have merged the two threads.

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Old Nov 13th 2020, 5:15 pm
  #60  
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Default Re: UK Bank Accounts after Brexit

Originally Posted by thegolfer View Post
Yes that was my understanding until yesterday evening.

I have Just telephoned First Direct , The lady said that they haven't been informed about any changes to the information we had before and that are not going to stop Spanish residents accounts, she went away to double check with her supervisor and came back and said that was correct , so hopefully she's right..,.
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