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.”