UK. Britons living in EU could lose access to UK bank services in no-deal Brexit
In a document detailing contingency planning if Britain leaves the EU in March with no transition deal, the government said unilateral action on several fronts could only minimise disruption up to a point.
While Britons will still be able to use their bank cards to withdraw money in EU countries, over a million UK citizens living abroad may not be able to use their British accounts for borrowing and deposit services, or insurance contracts such as annuities that pay pensions, the document said.
Banks offering these services may also be affected. “This could impact these firms’ ability to continue to service their existing products,” it added.
Read more reuters
