Thousands of Barclays customers could lose access to savings and pensions

manchestereveningnews.co.uk:

Barclays customers have been warned that they could lose their bank accounts if they no longer live in the UK. Thousands of expats who have current or savings accounts with the high street bank could lose access as a result, unless they move their money as soon as possible.

Barclays confirmed that it will write to customers informing them of the major change with six months' notice available. While expats are still able to open a global account with Barclays, they must have a balance of £100,000 in order to avoid paying the £40 monthly charge.

While customers abroad who have a loan or mortgage with Barclays won't see their product closed down, they will be unable to apply for any additional loans or remortgages, Wales Online reports. Read more: Warning issued to anyone with a mortgage as millions of deals are 'on the brink' Read more: How much house prices have soared in every Greater Manchester borough over the last 20 years A Barclays spokesman said: “As a ring fenced bank, our Barclays UK products are designed for customers within the UK.

We will no longer be offering personal current or savings accounts to retail customers with addresses registered with us outside of the United Kingdom, subject to limited exceptions.