<\/p>\n
London-based lender Barclays says it plans to terminate the accounts of thousands of British citizens who are currently residing outside the United Kingdom.<\/p>\n
The bank says<\/a> it\u2019s contacting expatriates living outside the UK about the coming closure of their savings or current accounts.<\/p>\n Barclays says all customers must have an acceptable UK address or else the lender will permanently shutter their accounts.<\/p>\n \u201cYour address must be in one of these countries:<\/em><\/p>\n We can\u2019t accept a PO Box, c\/o or a Barclays branch address.\u201d\u00a0<\/em><\/p>\n According to the bank\u2019s website, customers may be exempted from the new ruling as long as they meet certain qualifications.<\/p>\n \u201cYou\u2019ll only be able to have an address outside the UK and keep your accounts open if:<\/em><\/p>\n Yahoo! Finance reports<\/a> that affected customers have six months to find a new bank where they can transfer their funds.<\/p>\n They can also open an International Bank Account which requires them to hold<\/a> \u00a3100,000, worth about $121,000, across their Barclays savings and investment accounts to avoid a \u00a340 ($48) monthly fee.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>\n
\n
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n