Barclays Bank has sent out a letter to expatriates, including Nigerians, with less than £100,000 deposit to close their accounts with them.
In a letter dated June 12, 2017, the popular bank told their customers:
“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.”
What do you think about this move?