20 Jul, 2015 @ 10:49
1 min read

Thousands of expats to have their Barclays bank account shut down

barclays e

barclaysEXPATS who bank with Barclays face having their accounts shut down.

Thousands of customers in more than 70 countries will have their account closed in the next couple of months, if they are worth less than €144,000.

Barclays have not announced which countries will be affected but expats in Cyprus have already begun receiving letters.

As of yet, it is unclear whether or not Spanish account holders will be subject to the closures.

Expats living in Greece and Malta are also understood to be affected by the decision.

Rob Horgan

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  1. This happened to me 3 years ago living in France. I banked with them for over 30 years. They also informed me that they would be terminating my Visa and Mastercard accounts but strangely I had a small credit balance on my Gold Visa card. I intended to phone them to have a good rant but since every time I had phoned them in the past I never managed to get a single operative in India that spoke anything resembling English I did’nt bother – imagine my surprise when I received a new Platinum c/card with an increased limit. Another scumbag company that increases it’s profits by exporting jobs. Now we learn that they are going to get rid of 30,000 in retail banking – must keep paying outrageous bonuses (avoiding all tax) to proven fraudsters at the top. What can you expect when you’ve got a nasty little Bullingdon tw*t, Osbourne, that sells a multi-million property in Chelsea via a tax haven and pays zero in tax.

  2. agree stuart.and the britsh people support this corruption by voting in the people who give these crooks in suits the red light.how to rob a bank and get away with it.get a job in one.the respectable face of corruption.p—ing up yr back and tell u its raining.shocking.

  3. For me the same. A latter dated on …09/2015 that they will suspend my account in November. I have money my account, but only recently arrived in the UK and started to work, so till now not any spectacular money activity on my account.
    Talked with the bank adviser who opened my account and he/she suggested me to talk with those from the headquarter. These fellows told me to talk with those from the Branch. Called to the service for bank accounts (paid number – they make me await for response for 15 min – so my money) and one call operator helped and verified my account. He asked me if I had any debts – from where???, and tell me that the account seemed ok. After that, he closed the phone without telling me if this mean the is was a mistake or not. Called again – another operator talk with me but I have asked him to provide me information if I could stay calm – so no problems – told me he cannot see my account. The idea is that there is no contract for opening an account between me and the bank so I should play as they want me to. Tomorrow I will go back to try to speak with the branch manager to see what is the problem.

    I have several questions.
    1. What the risks if they close my account – I mean will I be registered in some kind of base with clients with let say problems.
    Should I have any problems in the future in opening another one to another bank?
    2. In case that I will close the account myself form my will without letting them do this can avoid that?
    3. I have seen that there is a possibility to switch my account to another bank. Is this performed directly by the bank to which want to transfer my account or should I provide them again all the documents required initially by Barclays for opening an account.

    I would appreciate an answer to this ASAP. I will come back tomorrow after going to Barclays.

    A nice evening to all of you!

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