• On 29 March 2017, the UK Government began the formal process for the UK to exit the European Union. This followed the referendum in June 2016, when the people of the UK voted to leave the EU.
  • We’d like to reassure customers that Santander UK plc is a British bank and is committed to the UK. As a British bank we comply with, and are subject to, the requirements of UK regulators such as the Financial Conduct Authority and the Prudential Regulatory Authority.
  • Like any prudent organisation, we’ve been undertaking contingency planning around Brexit. Whatever the outcome, we’re well positioned to continue to help people and businesses prosper.
  • If we do need to make changes to any of our products following the UK’s withdrawal from the EU, we’ll provide our customers with as much notice as possible.

We’re committed to helping businesses prosper and to supporting our customers through uncertain economic times. If you would like to talk to us about how Santander Business Banking may be able to support you please speak with a local Business Relationship Manager or email EUExitQuestions@santander.co.uk and one of our team will be in touch.

Where are my deposits with Santander UK plc held?
Deposits held with Santander UK plc are held in the UK.

Is my money secure in the UK?
Santander UK plc customers’ deposits are protected by the Financial Services Compensation Scheme – which applies to eligible deposits held in the UK up to £85,000 per customer.

Further information on Brexit and the FSCS can be found on the FSCS website

Will I be able to use Santander cash machines / pay by my Santander debit / credit card in Europe?
Yes. The use of cash machines and how customers use their cards to pay for goods and services will not be affected by the UK’s exit from the EU.

Will I still be able to bank online / via mobile when travelling in Europe?
Yes. Online and Mobile Banking will not be affected by the UK’s exit from the EU.

How is the UK government supporting businesses with Brexit planning?
Since August 2018 the UK government has published a series of technical notices that provide detailed guidance for businesses in the event of a ‘no deal’ Brexit. These cover a wide range of topics across a number of different sectors, as well as regulatory and employment information. 

You can view other government information about preparing for Brexit on the gov.uk website
 
What does Brexit mean for importing and exporting?  
We can’t accurately predict the effect on trade flows, however with ‘no deal’ Brexit there may be some disruption at UK ports and airports, which may affect just-in-time manufacturers. Information is available from the government’s website and from trade bodies.

Santander UK plc is a global bank with a presence in ten key markets worldwide and our international teams have expertise in multiple jurisdictions.  We can help clients expanding into overseas markets and make introductions to our partner banks. Entering a new market can be a lengthy process so get in touch with us as early as you can to see how we can help. Our Trade Barometer survey of businesses provides a quarterly picture of the economy as a whole. Survey results can be found on our Santander Corporate & Commercial pages
 
I import/export to the EU, how will this be affected by Brexit?
A ‘no deal’ Brexit means you’ll need a UK Economic Operator Registration and Identification number (EORI) to continue trading with the EU after 31 October 2019. An EORI number is a unique identifier given to importers and exporters by HMRC and provides information to customs authorities in order to implement EU security measures. 

The European Commission has published further information about how Brexit could impact customs procedures including a 5 step checklist
 
Will Brexit affect my business if I don’t currently trade with the EU? 
Whilst your own business may not be directly affected, you could be affected by any issues that your suppliers or customers experience. If you would like to talk to us about how Santander Business Banking may be able to support you please speak with a local Business Relationship Manager or email EUExitQuestions@santander.co.uk and one of our team will be in touch.

What help can Santander UK plc provide if I'm worried about the impact Brexit may have on my cashflow? 
If you want to borrow to provide your business with more flexibility, take a look at our borrowing and finance page  Alternatively you can email EUExitQuestions@santander.co.uk or speak to a Business Relationship Manager in one of our branches. 
  
Will Santander UK plc stop providing business products/services or make any changes?
There are currently no plans to change any of our products or services available to businesses, but if we do need to make changes we’ll provide notice to any customer impacted.
 
My business is registered in the UK but I live in the EU, will there be any changes to the services Santander UK plc offers me?
There is no change to eligibility and therefore no change to the service provided. Businesses holding accounts with Santander UK plc must be registered in the UK. 

I make payments to suppliers in the EU, how will payments be affected?
Your business will still be able to make payments to EU countries and there will be no change to payment processes. 
 
Can I still use my debit or credit cards in the EU?
Yes, there will be no change to how you use your debit or credit card following Brexit.
 
Will standard payment methods, such as standing orders and Direct Debits, be affected?
No, standard banking payments such as standing orders and Direct Debits will remain the same.
 
What impact will Brexit have on lending options for EU-based businesses?
Businesses borrowing with us must be registered in the UK, there’s no change to eligibility and therefore no change to the service provided. 

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