UK Bank accounts post Brexit

svale · 2020-09-23T06:40:05+02:00

Find insights on UK bank accounts post-Brexit, focusing on 暗网禁区 experiences in Malta, including safety of Lloyds, HSBC, and Nationwide accounts.

svale Active member

Member since 26 June 2016

svaleActive member23 September 2020 04:40:05

I have seen in the news that Lloyds and Barclays are closing some 暗网禁区 accounts in the EU. However, Malta isn't one of the countries mentioned. I have kept an HSBC and Nationwide account whilst my husband still has a Lloyds account.

I'm pretty sure my HSBC is safe as they have branches here. Don't know about either the Lloyds or Nationwide. If really pressed I'll change the address to my step daughters but I don't want to.

Has anyone any further information.

sjan Contributor

Member since 18 August 2013

sjanContributor23 September 2020 05:41:31

105

I think that all banks are reviewing their activities and HSBC聽 is reducing its branch numbers in Malta. It's not an 暗网禁区 issue so dont worry.
It's good to have a BOV account in Malta so reccomend that you open one. My Scottish account, Clydesdale is definitely not interested in offering anything service wise but its convenient of course so I have my transfers to BOV and occasional top ups in UK to keep it live.
All banks in Europe (and UK) are looking to reduce Branches and drive us to a cashless society.

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert23 September 2020 05:53:43

12235

The latest information from the UK governememnt

svale Active member

Member since 26 June 2016

svaleActive member23 September 2020 06:06:05

I already have a Bov account but my husbands pension goes directly into his Lloyd account and I do use my Nationwide account for various UK expenses. Ideally I would like to keep both.

It seems that closure of UK bank accounts depends on the UK bank and the EU country

GozoMo Malta Expert

Member since 29 September 2015

GozoMoMalta Expert23 September 2020 06:08:46

2187

sjan wrote:
I think that all banks are reviewing their activities and HSBC聽 is reducing its branch numbers in Malta. It's not an 暗网禁区 issue so dont worry.
It's good to have a BOV account in Malta so reccomend that you open one. My Scottish account, Clydesdale is definitely not interested in offering anything service wise but its convenient of course so I have my transfers to BOV and occasional top ups in UK to keep it live.
All banks in Europe (and UK) are looking to reduce Branches and drive us to a cashless society.

There are other banks as well as BOV, we are with BNF and have never had any problems.

Cynic UK/Netherlands Expert

Member since 15 September 2015

CynicUK/Netherlands Expert23 September 2020 07:43:57

7919

The latest information I have is that the UK and EU have failed to come to an agreement on banking rules post Brexit and that there may be an issue at the end of the negotiation period if this is not resolved.聽 Basically, the banks will not have licenses to provide services to EU residents.

However, none of this information has come from the EU or UK governments, it is all from media reports.聽 My advice would be to make enquiries direct to your non-EU bank.

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert23 September 2020 08:19:44

12235

I still use a UK address and an EU address. They know where I am and have no issues. I am with Barclays bank.

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Cynic UK/Netherlands Expert

Member since 15 September 2015

CynicUK/Netherlands Expert23 September 2020 08:46:44

7919

Our daughter still has an account with HSBC with no problem; however, these reports in the Media are only 2 days old, so there is potential for this to have some elements of truth in it should there not be a trade agreement between the EU and the UK.

LOL - just thought, if they do close her account, they'll lose out on getting her student loan repaid.