Sunday 22 September 2019

Warning for those with British bank accounts

The type of services that could be impacted for customers of UK-based banks include a savings or other bank account, a credit card, a loan or a mortgage. (stock photo)
The type of services that could be impacted for customers of UK-based banks include a savings or other bank account, a credit card, a loan or a mortgage. (stock photo)
Charlie Weston

Charlie Weston

Irish residents who have a bank account in Britain or Northern Ireland have been warned they could face disruption to their banking services in the event of a no-deal Brexit.

The Banking and Payments Federation Ireland (BPFI) has advised anyone affected to contact their bank about the status of their banking services, should the UK exit the European Union without a deal.

If customers have not already heard from their bank, they should contact the bank directly, BPFI said. The banking body said some Ireland-based and other EU-based customers of UK banks could experience disruption to their banking service, or potentially could see that service withdrawn.

This could arise as a result of differing legislative or regulatory provisions applying in the UK and elsewhere across the EU.

The type of services that could be impacted for customers of UK-based banks include a savings or other bank account, a credit card, a loan or a mortgage.

Irish Independent

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