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Thursday, 3 August 2017

Barclays Bank asks Nigerians with less than £100,000 to close their accounts

Barclays Bank asks Nigerians with less than £100,000 to close their accounts

Barclays Bank has asked expatriates, including Nigerians, with less than £100,000 deposit to close their accounts. 


In a letter dated June 12, 2017, the bank informed the customers that they would be affected by the policy of its decision to raise the minimum client balance requirement for international banking service.

“The new minimum level will now be £100,000. Top up your savings and investments to £100,000 or more before 1 August 2017, to continue with the service, or close your account and transfer your monies to another provider without charge,” the letter read.

“We understand that you may be disappointed by this and we will aim to offer you as much assistance as possible during this transition period.” As far back as 2013, the bank announced that it would focus on 70 countries globally and customers in those that are not considered as core as others.

In recent times, high-security measures have made it more difficult for foreigners to open accounts with high street banks in the UK.

Crdt: TheCable

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