Has anyone in Ireland been notified their UK bank account is being closed?

H

Hooverfish

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www.dailymail.co.uk

British expats in Europe to be 'stripped of UK bank accounts in weeks'

British expats in Europe risk having their UK bank accounts closed due to Brexit on December 31. Banks including Lloyds and Barclays have starting giving notice to their expat customers.
www.dailymail.co.uk www.dailymail.co.uk

NB most coverage of this is in right wing UK papers - I wonder why?
But Ireland's not mentioned that I've seen.
Apparently NatWest and Santander haven't sent out any letters but are "considering their options". Barclays and Lloyds have.
 
Brendan Burgess said:
You will find a comprehensive report on it on the right wing BBC programme here

www.bbc.co.uk

BBC Radio 4 - Money Box, Ex-pat bank accounts closed due to Brexit

Bank account closures, FCA reviews 'buy now, pay later', and rent eviction ban to end.
www.bbc.co.uk www.bbc.co.uk
Click to expand...

Brendan, thanks for the link - we heard that programme last night as well. My (secondary) point was more, why isn't it being covered in, eg the Guardian, who would have more interest in making a political point of the story. I am unsure why you're having a go at me? It was the case that this was covered in the Mail, Sun, Telegraph not the Independent, Guardian, Eye etc. - you can see that if you Google for it.

My primary point was that I didn't see any mention of Ireland in any of the coverage, so I was wondering if it might be covered under the bilateral agreement and not happening here... Probably not, but just checking in had anyone received letters as continental addresses have been receiving them?

Best wishes
 
Hooverfish said:
I am unsure why you're having a go at me? It was the case that this was covered in the Mail, Sun, Telegraph not the Independent, Guardian, Eye etc. - you can see that if you Google for it.
Click to expand...

Not having a go at all. You asked a question:

Hooverfish said:
NB most coverage of this is in right wing UK papers - I wonder why?
Click to expand...

And I answered it.

You are seeing bias in the newspapers on this issue which is just not there.

Brendan
 
Hooverfish said:
My primary point was that I didn't see any mention of Ireland in any of the coverage, so I was wondering if it might be covered under the bilateral agreement and not happening here... Probably not, but just checking in had anyone received letters as continental addresses have been receiving them?
Click to expand...

Ireland is mentioned in the Mail article you linked in the OP. As a British expat in Ireland with a Lloyds account this was news to me though. Best look into it.
 
Hooverfish said:
www.dailymail.co.uk

British expats in Europe to be 'stripped of UK bank accounts in weeks'

British expats in Europe risk having their UK bank accounts closed due to Brexit on December 31. Banks including Lloyds and Barclays have starting giving notice to their expat customers.
www.dailymail.co.uk www.dailymail.co.uk

NB most coverage of this is in right wing UK papers - I wonder why?
But Ireland's not mentioned that I've seen.
Apparently NatWest and Santander haven't sent out any letters but are "considering their options". Barclays and Lloyds have.
Click to expand...
It's in the guardian now.
www.theguardian.com

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

Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal
www.theguardian.com www.theguardian.com
 
No word ( yet) from my UK bank. Fingers crossed Irish based a/c holders will be spared. Is this a possibility?
 
PS I'm not a "Briton" as per Guardian headline. Irish but took a/c out when I lived there many years ago.
 
What is the story?

A British bank is not able to provide banking services in Spain unless they set up an operation there?
So it won't be worthwhile for all British banks to set up operations in Spain.
A few will do.

I have an account with Ulster Bank in Newry.
Is it the same principle?

Brendan
 
Brendan Burgess said:
What is the story?

A British bank is not able to provide banking services in Spain unless they set up an operation there?
So it won't be worthwhile for all British banks to set up operations in Spain.
A few will do.

I have an account with Ulster Bank in Newry.
Is it the same principle?

Brendan
Click to expand...
Hi Brendan from the Guardian article it looks like it will be a mish-mash but Ireland might end up being an exception and continue for some, due to number of accounts and similar law?:

"UK financial services are regulated by the Financial Conduct Authority which said it expected banks to engage with national regulators to assess the impact of local laws on customers and to inform customers of any changes in a timely manner.

According to the financial trade body UK Finance, banks are having to unpick the legislation of 30 different countries to work out if they can continue serving customers.

“Where possible, firms want to keep providing banking services to customers living in the EEA after the transition period,” said a spokesperson.

“The impact on each customer will vary depending on the operating model of their bank or provider, the product or service being provided, and the legal and regulatory framework in the country in which they are resident.”"
 
You all should calm down and wait to see if some sort of trade deal will be agreed. If not an another extension will be sought and another and another and it will go on and on and on until they do get a deal. By the way I have accounts in UK no body has contacted me.
 
My brother's accountant came up with a possible good workaround. Make someone who is still resident in the UK a joint account holder. Then the account cannot be closed.
 
I asked Halifax, where I have an account. (Remember the 2008 panic where some of us feared the euro would cease to exist, and opened accounts elsewhere in the EU just in case?)
I was told I'm not affected.
 
Hooverfish said:
Make someone who is still resident in the UK a joint account holder. Then the account cannot be closed.
Click to expand...

A better workaround would be to open an account with a bank that does offer the service in the country in which you are resident.

If someone asked me to become a joint account holder with them , I would decline. I don't want the complications of a non-resident account, the risks of misuse of the account or whatever.

Brendan
 
Brendan Burgess said:
A better workaround would be to open an account with a bank that does offer the service in the country in which you are resident.

If someone asked me to become a joint account holder with them , I would decline. I don't want the complications of a non-resident account, the risks of misuse of the account or whatever.

Brendan
Click to expand...
I would normally agree, Brendan, but we have a complex family situation that I'm not going to go into here, which means this could well be a good solution.
 
What if for example one had an income or rents etc paid in Sterling £ but resident in ROI. Do any ROI based Banks still offer sterling bank accounts in which a Stg £ credit transfer could be made?
 
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