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2020 rules required banks to be more transparent about the cost of payments They are required to clearly disclose fees, charges and exchange rate mark-ups An investigation by This is Money and Transferwise suggests some are still failing to tell customers they face inferior foreign exchange rates These can cost those sending money for 'free' up to €40 when sending £1,000
British expats in the EU face financial headaches as European banks hike international payment fees and British ones close their accounts George Nixon For Thisismoney.co.uk © Provided by This Is Money MailOnline logo 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 Port...
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 th...