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Reader question: Is Barclays closing bank accounts of Swiss-based Brits?

UK nationals living across Europe have begun to receive letters from their bank telling them that their accounts will be closed, in an apparent post-Brexit change. Will the same apply in Switzerland?

Reader question: Is Barclays closing bank accounts of Swiss-based Brits?

Customers of Barclays Bank who are living in Europe have been receiving letters telling them that their UK accounts will be closed by the end of the year. There appears not to be an option to register for a different account.

Numerous readers of The Local have contacted us to report receiving either letters or messages in their online banking telling them that their accounts would be closed because of their residency.

However, the widespread closures look set to avoid Swiss-based Brits at this stage, as Switzerland is not a member of the European Economic Area (EEA). 

The changes have been targeted at Brits living in EEA countries. This includes all European Union countries and every EFTA country other than Switzerland. 

A spokesperson for Barclays told The Local on Friday, July 29th, that the bank was “currently only writing to customers within the EEA”. 

Here’s what you need to know. 

What is Barclay’s doing?

The closures have been announced for Brits based in the EEA in recent weeks. 

Customers are being given six months to make alternative arrangements. The changes affect all personal current accounts or savings accounts, but do not affect ISAs, loans or mortgages.

A Barclays spokesperson told The Local:As a ring fenced bank, our Barclays UK products are designed for customers within the UK.”

“We will no longer be offering services to personal current account or savings customers (excluding ISAs) within the European Economic Area. We are contacting impacted customers to give them advance notice of this decision and outline the next steps they need to take.”  

Many UK nationals who live abroad maintain at least one UK bank account, sometimes just for savings but others use their accounts regularly to receive income such as pensions or income from rental property or – for remote workers – to receive income for work done in the UK.

Not having a UK bank account can make financial transactions in the UK more complicated or incur extra banking fees.

Since Brexit, the UK banking sector no longer has access to the ‘passporting’ system which allows banks to operate in multiple EU countries without having to apply for a separate banking licence for each country.

And it seems that many UK high street banks are deciding that the extra paperwork is not worth the hassle and are withdrawing completely from certain EU markets. 

 
What is the situation in Switzerland?

As it stands, Brits based in Switzerland with Barclays accounts will be OK for the meantime, as the closures only impact those in EEA countries. 

However, a Barclays spokesperson told The Local that their accounts were designed for people living in the UK. 

“As a UK ring fenced bank, our Barclays UK products are designed for customers within the UK and we continue to review the services we offer to retail customers outside of the UK.”

“If Barclays UK makes a decision to close accounts in any further countries, we will contact customers to give them advance notice of this decision and outline the next steps they need to take.”

Stay tuned to The Local for more updates on banking and living in Switzerland. 
 

Member comments

  1. i guess everyone will be switching to Transferwise (now known as Wise). I’ve been using it for years as an American, and is just the easiest and cheapest way to receive funds.

  2. This is not new news! Barclays contacted me over a year ago, and told me that I could not register my UK bank account to a French address, and that unless I provided a UK address, then the account would be closed. I provided a UK address.
    It appears that to date they have done this for changes in status, and that now they are doing it for everyone.
    Yet another example of UK banks demonstrating zero customer service, and having a total focus on cost, cost, cost.

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For members

LIVING IN SWITZERLAND

How to avoid wasps this summer in Switzerland

Milder winters and springs mean we see more wasps in Switzerland this summer. Here is how to legally (and successfully) avoid them.

How to avoid wasps this summer in Switzerland

If you feel like you are never alone anymore – because there is always a pesky little wasp around – and the number of nests has grown significantly this summer, this might be the case.

As the planet gets hotter and winters and springs have milder temperatures, there are more wasps than usual buzzing around Europe this summer.

In France, pest control companies even call 2022 the “year of the wasp”, as The Local France reported.

More wasps are buzzing around – and they are angry

There is an abundance of wasps this summer even in Switzerland and they are not exceptionally good-natured right now, according to Daniel Cherix, a leading insect specialist at the University of Lausanne. The more wasps there are, the more in competition they are for food sources — which includes your outdoor barbecue food or bottle of soda.

The hot weather makes it easier for the wasps to work more hours feeding the larvae. However, the longer and harder they work, the more tired and hungrier they become.

READ ALSO: Why Switzerland is abuzz with ‘tired and angry’ wasps

This means that, just like their human counterparts, they need to rest and eat, making a beeline for the nearest food source.

“If there is no prey, they have to fly longer. So they will start to get tired and angry”, Cherix said, which doesn’t bode well for the nearest available human.

This situation is expected to worsen until the autumn; until then, the wasp colonies will continue to get bigger and presumably angrier and more tired.

How can I avoid wasps?

Even though the number of wasps is rising in Switzerland, only two of the nine local wasp species are attracted by human food. Additionally, they are all peaceful as long as you don’t get too close to their nest, the Swiss Federal Office for the Environment says.

The government also states several measures that can be taken to avoid wasps. It reiterates, though, that if any of these animals are nearby, it is vital to “behave calmly and not to make hectic movements that could make the wasps feel threatened”.

wasp nest bee hive

Some nests are harmless and shouldn’t be disturbed. (Photo by Ante Hamersmit on Unsplash)

Wasps can be kept away by insect screens, covering food and drinks served outside, drinking sweet drinks with a straw when outdoors, and removing and cleaning dishes and food after eating out. The Environment office also recommends removing fallen fruits under fruit trees in the garden to avoid attracting was.

People can also spray individual wasps (but never nests!) with water to get them to fly away.

READ ALSO: Swiss study says bee-harming pesticides present in 75 percent of honey worldwide

To prevent nesting, it’s important to close small openings in and around your house. Wasps like to nest in dark, shelter places, such as attics and any holes in the buildings. Recognising a nest early can help you prevent it from growing and adopt the proper measures – such as calling specialised assistance if necessary.

What to do if I find a wasp nest in my home?

There are specific rules of conduct to be followed if you find a wasp nest, especially since wasps will attack if they feel their nest threatened. Wasps stings are usually harmless unless you are allergic, but they can be painful.

A relocation could be necessary if the nest is near homes with children, allergic people or the elderly. If it is harmless or summer is close to ending, though, many specialists will advise you just to wait it out – wasps will die when it gets cold.

A specialised service needs to be hired if the nest needs to be relocated.

The last resort is to kill the nest using chemicals, but this needs to be done by specialists with federal approval to use such biocides. In some cantons, environmental protection rules forbid using chemicals without a proper license.

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