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UK banks and brokers after Brexit

Financial discussion for any financial queries for Expats
dspp
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Re: UK banks and brokers after Brexit

#375257

Postby dspp » January 9th, 2021, 6:08 pm

stevensfo wrote:
stockton wrote:
dspp wrote:

or even EU law or US law


Oh well, here in Italy, I can proudly claim to have received my very first 'Close your account' letter today. An internet savings account with Egg, who were taken over by Yorkshire Building Society in 2012, and which I had forgotten about, since it has very little in it. The weird thing is, I also have another old savings account with YBS, also with peanuts in, but that has my UK address.

I can wait for a cheque or send a form to have the 50 quid transferred to another account. I'm toying with the idea of transferring it to my other YBS account just for the hell of it. I have visions of their computer with smoke belching out "does not compute...out of control.." etc. :lol:

As dspp said, ...' if it looks wrong, it probably is wrong ....' But when have banks ever not been wrong? ;)

Steve


Congrats ! I dare you to try that :)

As it happens I am mulling over taking on a US brokerage (see my viewtopic.php?f=26&p=374831#p374831 ) and came across this Brexit-related closure news for Charles Schwab customers, and when you delve into it you can see what is going on,

"Charles Schwab telling clients in UK, Europe their accounts must move or be transferred by year’s end
November 4, 2019By Helen BurggrafNews"


https://americanexpatfinance.com/news/i ... -must-move

regards, dspp


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