Britons in EU need 'sufficient warning' of UK bank account closure, warn MPs

Customers face having to transfer funds after move by banks due to lack of post-Brexit trade deal

Banks should give Britons living in the EU sufficient warning" before closing down their current accounts due to Brexit, MPs on the influential Treasury committee have said.

The committee chair, the Conservative MP Mel Stride, wrote to the Financial Conduct Authority (FCA) on Tuesday, asking the regulator to clarify how much time customers should be granted to transfer their funds, and avoid being left without a bank account at the end of December.