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

 
Tess.

User ID: 79379178
Ireland
09/20/2020 11:37 AM

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British expats in Europe to be 'stripped of UK bank accounts in weeks'
Tens of thousands of British expats who live in Europe risk having their UK bank accounts closed 'in weeks' due to post-Brexit rules.

Lloyds, Barclays and Coutts are among a number of UK banks that have starting giving notice to expatriate customers to say they will close their accounts at 11pm on December 31.

[link to www.dailymail.co.uk (secure)]

Bunch of Bankers

Civilisation is at a crossroads
"Unfortunately the Barbarians dwell among us and our country is grown so weak and pathetic that the Barbarians must be appeased in the name of diversity and cultural sensitivity"
~ Allison Pearson
Anonymous Coward
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France
09/20/2020 11:39 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Any other source apart from that shite rag
Tess.  (OP)

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Ireland
09/20/2020 11:43 AM

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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Any other source apart from that shite rag
 Quoting: Anonymous Coward 78906574


The Times, but its a paywall..

[link to www.thetimes.co.uk (secure)]

Civilisation is at a crossroads
"Unfortunately the Barbarians dwell among us and our country is grown so weak and pathetic that the Barbarians must be appeased in the name of diversity and cultural sensitivity"
~ Allison Pearson
Anonymous Coward
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United Kingdom
09/20/2020 11:45 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Wow this is a big worry for expats living in Europe. Surely this can't be right. Must be some financial security in place?
Anonymous Coward
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United Kingdom
09/20/2020 11:51 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Any other source apart from that shite rag
 Quoting: Anonymous Coward 78906574


Imagine being so mentally unwell that you can't get information because of the source. You don't even have to click the link, everything you need to know is in the thread.
mr jenzie

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United Kingdom
09/20/2020 11:55 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
better start changing over then
Anonymous Coward
User ID: 78906574
France
09/20/2020 12:29 PM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Any other source apart from that shite rag
 Quoting: Anonymous Coward 78906574


Imagine being so mentally unwell that you can't get information because of the source. You don't even have to click the link, everything you need to know is in the thread.
 Quoting: Anonymous Coward 79387241


Hey fuckwit, go and shove it up your arse
Anonymous Coward
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United Kingdom
09/20/2020 12:34 PM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Like how they include Coutts bank, the queens private bank.
Tess.  (OP)

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Ireland
09/20/2020 01:18 PM

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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Like how they include Coutts bank, the queens private bank.
 Quoting: Anonymous Coward 79344347


No it isn't. Coutts is the oldest bank in the world. Part owned now by NatWest.

Civilisation is at a crossroads
"Unfortunately the Barbarians dwell among us and our country is grown so weak and pathetic that the Barbarians must be appeased in the name of diversity and cultural sensitivity"
~ Allison Pearson
Anonymous Coward
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United Kingdom
09/20/2020 01:20 PM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Just register your UK bank accounts at a family members address, although not entirely legal I doubt you will get caught.
Pilgrim001

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United States
09/20/2020 06:41 PM

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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Is there a single trustworthy bank that operates world wide?
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Anonymous Coward
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United States
09/20/2020 10:53 PM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Is there a single trustworthy bank that operates world wide?
 Quoting: Pilgrim001


Bitcoin and......

and, and, uh, no.
Anonymous Coward
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United States
09/20/2020 11:24 PM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Instead of Germany ever invading The UK again they should consider just selling it to China and be done with the whole mess.
Dr. Novosel

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Croatia
09/20/2020 11:53 PM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Correct me if I'm wrong but I think without a address in the same country most banks globally won't let you have an account with them other than Cayman banks and a few others.

I live in Croatia but have bank accounts in the states but I had to have a address in the U.S.
Dr. Novosel
Anonymous Coward
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Greece
09/21/2020 12:32 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Correct me if I'm wrong but I think without a address in the same country most banks globally won't let you have an account with them other than Cayman banks and a few others.

I live in Croatia but have bank accounts in the states but I had to have a address in the U.S.
 Quoting: Dr. Novosel


After the Cyprus fiasco, Brit banks were inviting overseas customers to open accounts in the UK.

Apparently there is a mechanism for such banking services to continue, but it looks like Boris hasn't activated it. If he does nothing and these closures occur, it may force tens of thousands of disgruntled expats to return to the UK. I wonder if they'll support Bojo in the future if that happens?
Grove Street

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United States
09/21/2020 01:17 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
I don't get it. How can a bank take your money just because of where you live.

I mean banks can tell you they no longer want your business, and you can move your money into another bank.

are the rules different in UK of where you can put your money.?
Grove

And this is why we can't have nice things.
Anonymous Coward
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United States
09/21/2020 01:22 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
What about pensioners living abroad?
Anonymous Coward
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Netherlands
09/21/2020 02:43 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
What about pensioners living abroad?
 Quoting: Anonymous Coward 79327242


The majority of expats are pensioners, ofcourse they also mean them. Otherwise they would have been mentioned as an exception eh
Coming Soon

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09/21/2020 02:49 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Can't these people just open accounts in their new country of choice?
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Anonymous Coward
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Netherlands
09/21/2020 02:51 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
I don't get it. How can a bank take your money just because of where you live.

I mean banks can tell you they no longer want your business, and you can move your money into another bank.

are the rules different in UK of where you can put your money.?
 Quoting: Grove Street


Nowhere is it mentioned the banks will take the money, the way I understand it expats will just have to open an account at a bank in the country of residence and have their funds transfered.

I think this is a measure to prevent tax evasion, it will probably be harder to get a hold of the data required for the UK and vice versa.

Too bad British pensioners, no tax evasion for you! That's a right reserved for corporations and the uberwealthy.
G3

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United States
09/21/2020 02:57 AM

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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Thread: Asset backed QUANTUM FINANCIAL SYSTEM is getting ready to quietly remove Rothchild's control of all central banking
Anonymous Coward
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United States
09/21/2020 03:00 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Anything to separate people from their money......
The banks stand to make billions in "seized accounts" and all of that money goes into the banks books.....
2012Portal
2012Portal - Mayan Beyond 2012

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Netherlands
09/21/2020 03:56 AM

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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Crypto, anyone?
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Anonymous Coward
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Belgium
09/21/2020 04:15 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Lol Brexit is such a shitshow
Tess.  (OP)

User ID: 79019394
Ireland
09/21/2020 04:33 AM

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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Lol Brexit is such a shitshow
 Quoting: Anonymous Coward 78477393


For the EU it is, they're losing their second highest funders, and the highest one, Germany, is in deep financial shit so they won't make up the shortfall. They're toast.

Last Edited by Tess. on 09/21/2020 04:33 AM

Civilisation is at a crossroads
"Unfortunately the Barbarians dwell among us and our country is grown so weak and pathetic that the Barbarians must be appeased in the name of diversity and cultural sensitivity"
~ Allison Pearson
Anonymous Coward
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Philippines
09/21/2020 04:34 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Is there a single trustworthy bank that operates world wide?
 Quoting: Pilgrim001


Bitcoin and......

and, and, uh, no.
 Quoting: Anonymous Coward 79368619

THIS
Anonymous Coward
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United States
09/21/2020 04:43 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Tens of thousands of British expats who live in Europe risk having their UK bank accounts closed 'in weeks' due to post-Brexit rules.

Lloyds, Barclays and Coutts are among a number of UK banks that have starting giving notice to expatriate customers to say they will close their accounts at 11pm on December 31.

[link to www.dailymail.co.uk (secure)]

Bunch of Bankers
 Quoting: Tess.


THAT is totally fucking STOOPID!!

If a person HAS a British Passport, then they SHOULD have the right to a bank account in Britain, regardless of where they live any any moment.



.
The Gent

User ID: 78826255
United Kingdom
09/21/2020 05:29 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Tens of thousands of British expats who live in Europe risk having their UK bank accounts closed 'in weeks' due to post-Brexit rules.

Lloyds, Barclays and Coutts are among a number of UK banks that have starting giving notice to expatriate customers to say they will close their accounts at 11pm on December 31.

[link to www.dailymail.co.uk (secure)]

Bunch of Bankers
 Quoting: Tess.


THAT is totally fucking STOOPID!!

If a person HAS a British Passport, then they SHOULD have the right to a bank account in Britain, regardless of where they live any any moment.



.
 Quoting: Anonymous Coward 4812794


Tens of thousands of British expats who live in Europe risk having their UK bank accounts closed 'in weeks' due to post-Brexit rules.

Lloyds, Barclays and Coutts are among a number of UK banks that have starting giving notice to expatriate customers to say they will close their accounts at 11pm on December 31.

[link to www.dailymail.co.uk (secure)]

Bunch of Bankers
 Quoting: Tess.


THAT is totally fucking STOOPID!!

If a person HAS a British Passport, then they SHOULD have the right to a bank account in Britain, regardless of where they live any any moment.



.
 Quoting: Anonymous Coward 4812794


When I've lived oversea's I have opened bank accounts in those countries, but I keep my main account under my Mothers address, it's worked well for me, shouldn't really be a huge problem for the expat...
Anonymous Coward
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Switzerland
09/21/2020 05:30 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Just register your UK bank accounts at a family members address, although not entirely legal I doubt you will get caught.
 Quoting: Anonymous Coward 5895178


This ^^
The Gent

User ID: 78826255
United Kingdom
09/21/2020 05:31 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Just register your UK bank accounts at a family members address, although not entirely legal I doubt you will get caught.
 Quoting: Anonymous Coward 5895178


This ^^
 Quoting: Lover_Girl


Exactly.....
Anonymous Coward
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United Kingdom
09/21/2020 05:38 AM
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Re: British expats in Europe to be 'stripped of UK bank accounts in weeks'
Like how they include Coutts bank, the queens private bank.
 Quoting: Anonymous Coward 79344347


No it isn't. Coutts is the oldest bank in the world. Part owned now by NatWest.
 Quoting: Tess.


Yep and it isnt like any other bank I've ever been in, its more like a small verrrry up market secure hotel with suites where you discuss finances over expensive cognac or whiskey.





GLP