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Cross-border banking may be affected by hard Brexit

People in the Republic who have a bank account in Northern Ireland or Britain have been warned they could face disruption to their banking services in the event of a no-deal Brexit (stock image)
People in the Republic who have a bank account in Northern Ireland or Britain have been warned they could face disruption to their banking services in the event of a no-deal Brexit (stock image)

By Charlie Weston

People in the Republic who have a bank account in Northern Ireland or Britain have been warned they could face disruption to their banking services in the event of a no-deal Brexit.

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The Banking and Payments Federation Ireland (BPFI) has advised customers to contact their bank about the status of their banking services in the event of a no-deal Brexit.

If people have not already heard from their bank, they should contact the bank directly, BPFI said.

The banking body said some Republic-based and other EU-based customers of UK banks could experience disruption to their service or potentially could see that service withdrawn.

This could arise as a result of differing legislative and/or regulatory provisions applying in the UK and elsewhere in the EU.

The type of consumer banking service that could be impacted for customers of UK-based banks could include a savings or other bank account, a credit card, a loan or a mortgage.

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