Ulster Bank urges customers not to switch banks ‘at the last minute’

ULSTER BANK customers say they don’t need to do anything at the moment, but have urged them not to leave switching providers « until the last minute » while it’s out next year.

Withdrawal from Ireland that took place It has been rumored since last SeptemberBut it was confirmed earlier this year that it has caused headaches for customers who will have to find a new provider sometime in 2022.

Ulster has committed to giving the public « up to six months’ notice » of its departure.

However, he strongly urged people to look at other options sooner rather than later, to avoid a « bottleneck » in opening accounts for other companies in the second half of next year.

The bank also advised companies that maintain direct debits with Ulster Bank customers to make clear that the changes will happen next year, « to help them be prepared ».

AIB has already agreed to take over 4.2 billion euros The value of corporate loans and commercial loans from Ulster Bank.

The comments from Ulster came as the bank held a meeting with other financial service providers who are here, not just banks, to « give them as much information as possible » before exiting.

With both KBC and Ulster Bank making the withdrawal, that means the traditional options for hundreds of thousands of customers are dwindling.

AIB, Bank of Ireland and Permanent TSB are among those that will accept new clients, along with local credit unions, Post Money, EBS or online service providers such as Revolut or N26.