@Selim1984uk#140070 it depends on the Brexit deal that is made, i don't think bunq will be able to directly answer this one, but I suspect yes, you will be able to use the account after brexit. As there are also many Europeans with British bank accounts and vice versa.

I, as a Dutch citizen, have an account with Lloyd’s and Monzo. As far as I have heard from them I can keep my accounts there.

Afaik, the main issue is taxes. Currently, bunq will report your account totals to De Belastingdienst (Dutch HMRC), which they will report to HMRC as you are probably a taxpayer in the UK. The question is if it remains, that’s something we should wait for right now

@Selim1984uk#140084 Voor dat soort zaken komen vast wel oplossingen. U bent en blijft toch klant bij Bunq? Waarom zou Bunq uw rekening sluiten?

@Selim1984uk#140084 Ik heb naast Bunq ook een rekening bij Monese. Dat bestaat uit een Britse ponden bankrekening en een EU IBAN rekening. Monese heeft aangekondigd dat na de Brexit de bankrekeningen gebruikt kunnen blijven voor haar klanten. So.....do not worry!

@Petrus-Olive-Tiger#140098

Can't really compare it to Monese, they are not a bank and for their European (Non-UK) e-Wallet activities a Belgium firm was created.

@Tim#140105 Klopt, maar ik mag ik als burger Monese met de Engelse account blijven aanhouden. Volgens mij is het onderscheid tussen de Fin tech ‘banken’ niet van belang waarom je geen klant zou mogen blijven van Revolut, TransferWise, Monese en ook N26 en Bunq, als Engelsman/vrouw. Boris Johnston zal niet bepalen of Bunq afscheid zou moeten nemen van Engelse klanten. Maar dat is natuurlijk mijn 2 cents.

@Petrus-Olive-Tiger#140107 Volgens mij is het onderscheid tussen de Fin tech ‘banken’ niet van belang waarom je geen klant zou mogen blijven van Revolut, TransferWise, Monese en ook N26 en Bunq, als Engelsman/vrouw.

Omdat bunq een bepaalde licentie heeft verkregen, die het bunq mogelijk maakt om haar bankdiensten aan te bieden in landen in de Europese Unie. De meeste mensen uit de EEA (European Economic Area) mogen momenteel een rekening openen, maar afhankelijk van hoe eea zich ontwikkeld kan bunq's licentie beperkingen opbrengen waardoor ze simpelweg wettelijk hun diensten niet meer mogen aanbieden (tenzij ze eea aan papierwerk regelen vermoed ik). De financiële markt is streng gereguleerd (en terecht), er is daar geen sprake van "gewoon even aanbieden". 🙂

@Selim1984uk#140070 Anyone’s guess is as good as mine as no one can predict what the British government will do after the Brexit.

The main difference between assets outside of the UK between assets in non-EU/EEA-countries will be respected when a deal appears out of the political turmoil at Westminster.

In case of a no-deal, assets outside of the UK will be treated as any asset abroad, like now in non-EU/EEA-countries, which hardly differs from the way assets in the EU/EEA are treated.

Your main issue will be that bunq loses the permit to trade as a bank in the UK and as such will not be able to offer any new services in the UK. As existing services are provided under the current permit, bunq will be able to continue these services. As long as Downing Street doesn’t become fanatic about protection of the British economy (which they will get eventually).

So the dream of bunq ever opening GBP-accounts will evaporate with the Brexit, but nothing really will change for existing customers.

For local tax regulation a lot will change however. The equal treatment of assets within the UK and other EU-countries is no longer required so the government will be allowed to charge extra for assets abroad. Seeing where the British economy is headed after the Brexit, they will stimulate citizens to move their assets to the UK and enforce a surcharge on foreign assets.

This is likely to happen as the Pound is going to need reinforcement against currencies like the dollar and the euro more than ever as London cannot lean on the EU-economy

Ich finde es nachlässig von Bunq, die Kunden nicht über die diversen geplanten Szenarien zu informieren. Klar weiß keiner, wie die Situation konkret in einem Jahr aussehen wird, aber ich würde von einer Bank zumindest erwarten, dass sie Kunden darüber informieren, mit welchen Szenarien sie planen und wie sie dann darauf zu reagieren gedenken und was das für die Kunden bedeutet.

Ich lebe in Deutschland und England und alle andere Banken, bei denen ich Kunde bin, haben solche Basisinfos zum Brexit veröffentlicht.

Do you think ( anyone ) that now we ( the stupid British ) have left the EU bunq will not carry on with the plans to open up a uk business Account ??

@Viggo-Teal-Penguin#145396 It is save to assume that bunq will no longer thrive to set foot on British soil.

As the UK is still a member of the EEA, bunq can offer some services, but not all of its services. Tax regulations and bank regulations within the UK may prohibit certain services being provided by foreign parties.

That’s the price of abandoning the principle of free movement of goods, people and in this case; services.

@Samzoiets#145431 Why do you think that the UK is still a member of the EEA? In my opinion the UK has also left the EEA by leaving the EU. If the UK still were in the EEA, they would still have to accept free movement, which is a no-go for them (like Norway and Iceland).

@Philip-Purple-Kiwi#145439 Untill the end of December 2020 nothing will change aka the deal making period 😉...

There are several scenarios. One of them is that they join the EER, similar to Norway 🇳🇴 for instance. So anything is possible in that regard. I personally don’t think the brexit will lead to a major effect on bank accounts.

I’m more worried about what will happen when December comes in sight... it is of course impossible to make deals on all areas before 2021.

@JohnDo#145441 In the EEA the UK would have to accept the four freedoms of movement, so I think we can rule it out. And I don‘t know if it is possible at all to be a member of the EEA without being in either the EU or the EFTA.

The EU can‘t afford to give BoJo everything he wants because it would definitely undermine its reputation among its own population.

@Philip-Purple-Kiwi#145442 What ever they come up with.... UK 🇬🇧 can’t profit from all benefits of beging “part of the EU” without having to carry any burden. So, let’s see what happens :)

By the way, N26 just threw the towel:

https://n26.com/en-gb

Hopefully bunq won't follow suit.