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Thousands of UK expats living in Europe face having to revamp their finances in the aftermath of Brexit as British banks close their current accounts and European ones hike the cost of sending money overseas.
Customers of some of Britain s biggest banks including Barclays, Lloyds and Nationwide Building Society living in Belgium, Italy, the Netherlands and Portugal have either already had their bank accounts closed or will see them shuttered in the next few weeks.
Meanwhile This is Money understands that European banks appear to be flying in the face of EU payment rules designed to limit the cost of sending money overseas, despite them still applying to the UK.