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ULSTER BANK SAYS customers do not need to do anything for now, but has urged them not to leave switching providers “to the last minute” during its exit next year.
The withdrawal from Ireland, which has been rumoured since last September, but was confirmed earlier this year, has caused headaches for customers who will have to find a new provider at some point in 2022.
Ulster has committed to giving the public “up to six months notice” of its departure.
However it’s strongly urged people to take a look at other options sooner rather than later, to avoid a “bottleneck” of account openings for other companies in the second half of next year.
The bank has also advised companies that hold direct debits with Ulster Bank customers to make it clear the changes are happening next year, “to help them to be ready.”
AIB has already agreed to take on €4.2 billion worth of Ulster Bank’s corporate and commercial loans.
These comments from Ulster came as the bank held a meeting with other financial providers based here, not just banks, to “give them as much information as possible” ahead of the exit.
With both KBC and Ulster Bank in the process of withdrawing, it means traditional options for hundreds of thousands of customers are dwindling.
AIB, Bank of Ireland and Permanent TSB are among those who will accept new customers, along with local Credit Unions, An Post Money, EBS or online providers like Revolut or N26.
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Half ten on a Sunday night, and I just did that “Quiz”. Ive just realised I might need to reevaluate how I spend my time……:(
@Gordon Larney: yeah you should have waited til twelve.
@Gordon Larney: ‘Twenty-twenty-twenty-four hours to go/I wanna be sedated/Nothing to do, nowhere to go-o-oh/I wanna be sedated…’
@Gordon Larney: It’s too late now for eleventh hour decisions
@Larry Betts: Or twenty-third hour decisions on a twenty four hour clock…
@Gordon Larney: 03:18
@Gordon Larney: Can’t win them all. I only got six right.
Anyone remember the Puma helicopter? Comments closed on Cov.
What about Iron Maiden’s “Two Minutes To Midnight”? Do metaphorical references count?
@Ken Loughman:
Ice-T’s “Midnight” is still a banging tune too (nsfw)
@Ixtrix Net: Indeed it is. I thought that they should have included the Doomsday Clock “midnight” as well.
@Ixtrix Net: Apologies – I thought that you were referring to the Iron Maiden song. I haven’t heard Ice-T’s song :)
@Ken Loughman:
I love the Iron Maiden from back then, though were a lot less heavy than my usual metal, they had great tunes. For some reason ’2 minutes to’ reminds me of Beastie Boys – Sabotage intro
Meatloaf-
midnight in the lost and found, dead souls in the hunting ground.
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