Brexit warning: Britons set to lose bank accounts as all-important deadline approaches

This week it emerged Nationwide has written to 5,000 customers living in Italy and the Netherlands to tell them their accounts will close. 

In recent weeks, a number of other providers have also issued similar correspondence to customers who will be affected.

Familiar banks such as Barclays and Coutts have confirmed they have reached out to some customers to let them know of the potential decision.

And close to 13,000 Lloyds Banking Group customers have received letters from the provider on the topic. 

In a statement, UK Finance said: “Where possible, firms want to keep providing banking services to customers living in the EEA after the transition period.

“The impact of each customer will vary depending on the operating model of their bank or provider, the product or service being provided, and the legal and regulatory framework of the country in which they are resident.