Banks must ensure closing expats' UK bank accounts does not leave customers in "undue financial hardship".
Thousands of expats living in the EU have been told their bank accounts will be closed owing to Brexit.
The Financial Conduct Authority (FCA) has stressed to banks that they must give at least two months' notice of plans to close any accounts in credit.
It said some were not informing customers in good time, but only certain banks plan to shut accounts.
Closure notice
Following the UK's full departure from the EU, UK banks will no longer be allowed to provide services to customers in the EU without the right banking licences.
This is known as passporting, a system for banks in the EU which allows them to trade freely in any other state in the European Economic Area (EEA) without the need for more authorisation.
Some, but not all, banks have decided it is not in their commercial interests to jump through these hoops and continue accounts for expats.
https://www.bbc.com/news/business-54539268
Brexit: Banks warned over expat account closures
Brexit: Banks warned over expat account closures
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Living in Polemi, Cyprus with my wife and daughter.
Living in Polemi, Cyprus with my wife and daughter.
