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Scaremongering - Update


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I wrote to Barclays asking them what the future was for my account after Brexit. Here is the reassuring reply;)

Hi Mr.XXX,

Greetings for the day!

I hope you're well, thank you for using secure messaging service regarding the brexit.

I completely understand the dilemma you might be facing at this about the future of banking services post Brexit.

I would like to share that currently the final announcement on closure of bank accounts and impact on banking is yet to be made.

I would request you to please wait as currently we cannot commit if your account will be closed, however if it is then be assured you'll be notified well in advance about the closure and so that you get enough time for alternative arrangements.

You may also visit the link below for latest updates on Brexit and impact on EEA banking:

https://www.barclays.co.uk/brexit/eea-changes/

I hope this information is helpful for you.

Please feel free to write back if you have any further questions.

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With regards to Barclaycard I have had two letters, the first in March 2019 and the latest dated 9th Sept. The subject of the last letter was

"Your account will be closed on 16 November 2020" Unless I provide a UK address which I won't. Strange that I actually have two personal Barclaycards (one used to be Mastercard but they changed it to Visa) and this letter only refers to one of the cards and I have had nothing for the other card. Both are registered to my German address. My German card is cheaper so if I lose both like I said not that worried.

There has been nothing from Amex I might add.
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No.

I had a Visa credit card from Barclaycard and I had a Mastercard credit card from Barclaycard. I never had a bank account with them. Barclaycard stopped using Mastercard some years back and Mastercard became a banking card rather than a credit card.

Barclays replaced all UK issued Mastercard credit cards with Visa cards and that's how I ended up with two Barclaycard VISA credit cards.
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Our son called me from Denmark a few days ago, worried about his UK Lloyds account being closed.

I told him to start worrying when they tell him it's being closed, after which he'll have plenty of time to make other arrangements.

Withdrawing credit cards isn't the same as closing accounts, and there are many options to replace both, in any case.

Calm down dears.[:)]

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  • 1 month later...
I received an Email from Barclays Bank this morning with an update to their terms of "service".

Closing your account: We've updated section 5 of 'Being with Barclays' ('Stopping your service or account') to explain that we can close your account if you (or someone you hold an account with) are resident outside the UK.

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