Well sort-of. They have to give two months' written notice, and they did, and I was very lucky to catch it in time as I'd been traveling and they had of course not bothered to send me an e-mail nor call any of the three numbers they had for me.

So I had about a week's warning and I was able to transfer my money out to other accounts. Had I not done that, they would presumably have held on to it until I'd gone in and personally told them where to send it, which would have locked me out of my money had I been abroad -- it was my primary account, held in good standing for 13 years.