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Barclays getting tough?

(9 Posts)
Foxygloves Fri 22-Sept-23 20:27:49

From the DT
Expats who bank with Barclays are to be stripped of their accounts in a move that could leave some customers unable to access their savings and pension.
British people living abroad will no longer be able to hold a Barclays UK current or savings account, the lender said
The bank began a review of its international offerings in 2021 and is now writing to customers with a six-month warning.
Wealthy expats can open a global account with Barclays, which allows easy online access and currency flexibility, but need to maintain a balance of £100,000 in order to avoid a monthly charge of £40
Any ideas from ex-pats on GN as to how they are going to proceed with this news?

Jaxjacky Fri 22-Sept-23 20:37:08

This has been happening over the last two years at least with various British banks, I believe HSBC will still accept non resident customers.
Some people I know in Europe use a relatives address, or have an arrangement with a friend/family member, useful if you rent your UK property out.

sodapop Fri 22-Sept-23 21:23:47

Already happened to me, credit card and bank account rescinded. It's actually illegal I believe to use someone else's address.
I had an extra problem in that I am in receipt of an occupational pension which can't be paid into my French bank. I resolved the problem by using an on line bank. I was quite nervous about it but they were extremely helpful sending an email with step by step instructions and talking through my concerns on the phone. I still don't have a credit card though.

nanna8 Sat 23-Sept-23 14:37:05

I’d take my money and run and use another bank. If enough do that they will suffer, serve them right. My Dad banked with them and when he died they purloined a large sum from his account. Disgusting people.

Fleurpepper Sat 23-Sept-23 15:06:30

Our account was closed and we didn't get any warning. It took us a year of letters, e-mails and in the end, threats of legal action' to get our money back.

Freya5 Sun 24-Sept-23 15:47:10

nanna8

I’d take my money and run and use another bank. If enough do that they will suffer, serve them right. My Dad banked with them and when he died they purloined a large sum from his account. Disgusting people.

Already they are suffering drop in profits 10% apparently due to customers paying off debt and using savings.
Nat West also cutting of money lines to expats in Northern Cyprus, one had an account for over 40 years. Of course if you can't prove you have money to live on, you are expelled from the country.
Banks have too much power over the money deposited with them.

GrannyGravy13 Sun 24-Sept-23 16:01:40

Freya5

nanna8

I’d take my money and run and use another bank. If enough do that they will suffer, serve them right. My Dad banked with them and when he died they purloined a large sum from his account. Disgusting people.

Already they are suffering drop in profits 10% apparently due to customers paying off debt and using savings.
Nat West also cutting of money lines to expats in Northern Cyprus, one had an account for over 40 years. Of course if you can't prove you have money to live on, you are expelled from the country.
Banks have too much power over the money deposited with them.

Northern Cyprus isn’t in the EU, it’s under Turkish invasion.

Callistemon21 Sun 24-Sept-23 16:31:18

nanna8

I’d take my money and run and use another bank. If enough do that they will suffer, serve them right. My Dad banked with them and when he died they purloined a large sum from his account. Disgusting people.

Australian banks are pretty ruthless too!

DiamondLily Sun 24-Sept-23 18:14:46

I don't really understand why people living abroad don't just open accounts in the country they are living in.

My son had an English bank account, but when he married an American girl, he emigrated out here, and then opened an American bank account.🙂