On 31 January 2020, the UK left the European Union and entered a ‘transition period’ which ends on 31 December 2020. From this date we, along with some other UK-based building societies and banks, may no longer be able to provide some products and services to our members living in certain EU or EEA countries.
As a UK based building society, we do not have licenses to operate in each EU / EEA country after 31st December 2020, and so we will not be able to open new accounts or arrange new borrowing for members resident in Europe. However, where possible we will seek to maintain services to existing members who are resident in or who move to European countries.
What we can and can’t provide for our existing members will depend on the position taken within each individual country, and we are in contact with central banks and regulators across EU / EEA countries (and taking advice where appropriate) to understand the services we can continue to maintain after 31st December 2020.
If this means we can no longer service your accounts, we will update the information here, and write to tell you the next steps to close your accounts. You’ll find details of currently impacted countries below.
As a building society, we exist for and because of our members, so if things change in the future and you find yourself living in the UK, we hope to welcome you back to the Society.
Thank you for being a part of our Society.