Barclays to close UK accounts of all British expats

Ouchies for anyone not wealthy who retired to the EU, Australia (etc.)....


"There were more than one million Britons living in Australia at the end of June 2021, nearly 16pc of overseas residents, figures from the Australian government show. In 2021, Lloyds Banking Group, which owns Halifax and the Bank of Scotland, wrote to 13,000 expats who live in Europe to tell them their accounts held in Britain would close. Under the latest closures, those with cash ISAs and fixed-rate bonds will be able to keep their accounts unless they live in Estonia, Italy, the Netherlands or Slovakia. The same rule applies to mortgage and loan holders with the UK wing of the bank. However, existing home loan customers will not be able to remortgage when their term ends. Crown employees and their spouses can also keep the accounts, and the bank will allow the account to remain open if the overseas address is for someone who manages the money, such as an accountant or lawyer."

It's really awful having banking services removed, WFB did it too for all members with non-US addresses.
Thank goodness for Wise, at least as a stopgap..