A number of UK high street banks have confirmed that they have started sending letters to clients living in Europe telling them that their accounts will be closed because of an end to UK-EU passporting rights as a no-deal Brexit looms.
Lloyds Banking Group has already sent letters to 13,000 customers living in the Netherlands, Slovakia, Germany, Ireland and Portugal.
“We have written to a small number of customers living in affected EU countries to let them know that due to the UK’s exit from the EU, regrettably we will no longer be able to provide them with some UK-based banking services. We want to keep customers informed and offer advice on next steps,” a spokesman for lloyds said.
Barclays and Coutts have taken similar steps. “In light of the UK leaving the EU at the end of 2020 we continue to review the services we offer to customers within the EEA, and any impacted customers will be contacted directly,” Barclays said.
However, HSBC said it would continue to serve UK customers in the EEA, due to its international footprint.