Barclays warning as thousands of accounts to be closed

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Barclays warning as thousands of accounts to be closed
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It could mean those affected will no longer be able to access their savings or pensions

Barclays has confirmed plans to close bank accounts of people who no longer live in the UK. The move will affect thousands of expats with a UK current or savings account with the high street lender.

Customers living abroad with a loan or mortgage with Barclays will not have their product closed down, but they won't be able to apply for an additional loan or remortgage if they are registered outside the UK. Barclays told The Mirror the move comes following a review in 2021, and said it will affect "a small percentage" of its overall customer base.

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