The bank accounts of British people living in the EU will be closed at the end of this year. No trade agreement has yet been concluded on the banking services after the Brexit transition period on 31 December. That’s what British newspaper The Guardian reports.
This concerns 13,000 customers with private and corporate accounts with the banks Lloyds, Barclays and Coutts. They have recently informed their customers. The Guardian thinks several banks will follow. A spokesman for Lloyds said to the newspaper:
“We have written to a small number of customers in the affected EU countries to let them know that, unfortunately, because of the UK leaving the EU, we will no longer be able to provide them with services from UK-based banks.”
At present, the United Kingdom is still adhering to the same European economic agreements. If, on 31 December, the British leave the EU without a deal, the banks will no longer be able to offer their services in Europe. Conversely, the United Kingdom has already made arrangements for the services of EU banks in the country.