N26 Closes All U.K. Mobile Banking Accounts, Blaming Brexit

Several hundred thousand customers will have to withdraw money
German digital bank entered the British market in October 2018

Photographer: Felix Zahn/Photothek via Getty Images

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By Sarah Syed and Stephan Kahl

February 11, 2020 at 4:12 PM UTC

Updated on

February 11, 2020 at 5:27 PM UTC

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N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end U.K. operations citing the country’s departure from the European Union.