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 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, according to The Cable, 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.

Revelations made in the Panama Papers leak, which showed how Panamanian law firm, Mossack Fonseca, helped clients evade tax through the use of offshore accounts and various cases of money laundering have also contributed to this.

The London-based bank had posted a net loss in the second quarter of 2017 and reduced its stake in Barclays Africa Group to 15 per cent from 51 per cent through a share sale, which allowed the firm to free up capital.

The bank did not disclose how many people will be affected by the new regulation.

http://www.thisdaylive.com/index.php/2017/08/03/barclays-bank-asks-nigerians-with-less-than-100000-to-close-their-accounts/

lalasticlala, Mynd44, dominique

hmmm. this will be hard on some people oooo. Chances are that a Nigerian with less than 100k in his account probably did not steal it. those that steal and take abroad tend tosteal faaaaaaaaaaarrrr!!!! more than this.

The bank is broke and only A broke organaniston will take such a move.. Instead of saving, I'd rather borrow from the bank.. That's using debt to be rich instead of being broke.. The poor don't understand this but this is real.. The poor will rather save than borrow.. But the rich will either save less but borrow more.. Good debt...

www.entmirror.com
Entrepreneurs

%-)Nna mehn this bank na for big time polithievician.

if you can afford to leave the shores of 9ja without any problem, then you shouldn't be having problems raising ya savings to £100,000.
By the way, any News about NPA's Last test?

Wetin concern agbero with overload.

I no get 2 per cent of that money

Adesiji77:


As far back as 2013, according to The Cable, 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.

Imagine.

The country's profile just makes it harder to do business globally.

After, some will come with that lie that Nigeria has moved out of top 10 most corrupt countries

These guys are obviously ok with Abacha. Deziani, patients loots. Soon they would come looking for deposits again.
That's some cash if you convert £100k to naira

They will probably loose a lot of legit Nigeria business man, cos thiefs mostly use Swiss banks

They are pushing our greedy politicians to steal more.

Film

Maybe they only want to deal with our 'polithievcians'!

They're encouraging corruption. end time bank

British bank promoting fantastically corrupt nigerian politicians.

So na the likes of deziani, ibori, dino, and co una want make dem dey bank with una? Lobbish.

£100,000 na beans?

My advise to Nigerians is that they should relocate such funds back to Nigeria. Our economy will be the better for it.

In other words, .. 'if you're poor, don't bank with us again or go and steal your government money to continue with us'..

Yeye... So it simply means loot more to top up ur account from being closed.

+27 74 745 6280,don do trade with this number...he is a scammer....

Don't steal small, we deal with big ...

First bank no fit call me now
I get like 2K for my account and I no dey play with am

But wetin concern me with Barclay bank when GTB and FBN dey

Barclay want our politheifians to steal more

Sense fall on them ....

Thank God i bank with HSBC

Buhari's recession don hit dem

t

As it stands now, my Barclays bank account stands at -£9.89

Still acting like I'm in the UK lol

it's a decoy also to track down illicit cash transfer, deposits, fraudulent source of funds et cetera

THIS IS NOT TRUE. I HAVE LESS THAN £150GBP IN MY ACCOUNT AND NOBODY HAS ASKED ME TO CLOSE MY ACCOUNT.


ANY BANK IN THE UK THAT TRIES SUCH NONE SENSE WILL BE FINED HEAVILY BY THE UK' FINANCIAL OMBUDSMAN !


YOU CAN EVEN OPEN AN ACCOUNT TODAY WITH JUST £1GBP


NIGERIANS MUST STOP SPREADING LIES