More information needed for bank account switches, according to Sligo Leitrim TD
A Sligo Leitrim TD says not enough is being done to provide people with information that are switching accounts from banks that are exiting the Irish market. The Banking & Payments Federation of Ireland are holding meetings today with relevant regulators and critical service providers. The meeting will…
Local TD accuses exiting Banks of not adequately assisting customers looking to change accounts
A Sligo Leitrim TD says the imminent closure of Ulster Bank and KBC is causing severe stress for many people across the north west. Independent TD Marian Harkin says the banks that are about to exit the Irish market are not doing enough to assist customers with moving their…
Ulster Bank customers ‘in the dark’ over remaining overdrafts
Ulster Bank customers will be offered a ‘suite of measures’ if their account is closed while they have remaining overdrafts. The bank is withdrawing from Ireland and is issuing a 6 month notice to customers before closing their account, with a 30 day extension period. An Oireachtas Committee…
Still a demand for face to face banking
84% of people believe face-to-face banking is still important, or very important. New research, conducted for the Financial Services Union, found the rate is above 90 per cent for over-65s. The union says the sector is in ‘turmoil’ – with Ulster Bank leaving the Republic, and Bank of…
Online IFA meeting this evening to discuss bank closures
Concerns have been expressed in farming circles in relation to the closure of Bank of Ireland and Ulster Bank branches in the North West. To discuss the situation, the Connaught branch of the IFA are holding an online meeting this evening. The meeting will be chaired by Pat Murphy, Connaught…
Ulster Bank’s departure is a hammer blow to Sligo
A local representative of the Labour party has urged the government to protect staff and customers of Ulster Bank after it was announced that it is pulling out of the Irish market after 160 years. Former general and local election candidate, Nessa Cosgrove has described the news as ‘a…
Ulster Bank announce they are withdrawing from the Irish market
Ulster Bank has announced a phased withdrawal from the Irish market. The bank’s wind down will take place over a number of years, with no immediate change for customers. In a statement, Ulster Bank says it’s made a non-binding agreement with AIB for the sale of 4 billion…