Thursday, July 23, 2015
Barclays Bank has disclosed that it may close expat's accounts in Cyprus if they do not maintain a minimum balance of GPB100,000 (USD156,000).
Expats in Cyprus have reported receiving letters from the bank warning that their account may be closed. According to media reports, Barclays may close accounts in as many as 70 countries.
The letter reportedly includes a deadline for account holders of September 11, 2015.