N26 pulling out of the UK

German challenger bank N26 is quitting the UK less than two years after launching here, blaming Britain’s exit from the EU.

N26 said on Twitter on Tuesday afternoon: “With the UK having left the EU, we will in due course be unable to operate in the UK with our EU banking licence, so we will be leaving the UK and closing all accounts.”

A spokesperson said the bank had “several hundred thousand” UK customers. All UK accounts will close on 15 April 2020.

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