The UK formally left the EU on 31 January 2020. There is now a transition period until 31 December 2020 in which the UK continues to be subject to EU rules and remains a member of the single market and customs union.
This means that, until the end of 2020, Brexit will not affect the products and services we provide to our customers who are domiciled or residing in the UK or use our products and services in the UK.
What happens after Brexit – and what does it mean for you as a customer?
We are currently preparing for a hard Brexit scenario, which means there will be no deal between the UK and the EU.
This means that, after 31 December 2020, Brexit may have an impact on the way we can be a bank for you if you reside in the UK. If Brexit affects your customer relationship with us, we have reached out to you by letter to inform you in detail about the changes to your products and services.
We will maintain our activities in the UK and are committed to continue to support our customers after Brexit.
Limited product range in the UK after Brexit
Because of changes to UK regulation, the range of product and services we offer in the UK will be limited after Brexit, and we will no longer be allowed to proactively market or offer any new products and services to customers residing in the UK.
If you have any questions about what Brexit means for your relationship with Danske Bank, or you if are moving to or from the UK, you are welcome to call us on +45 45 13 33 00, so that we can assist you.