Ulster Bank will notify their customers; giving them six months’ notice from early next year, in which to close their accounts and find an alternative provider.
Customers are being encouraged to get ready for the changes coming in 2022; part of Ulster Bank’s withdrawal from the Irish market.
Ulster Bank confirm that they will contact their customers directly, when they need to take action, and same is likely to commence in early 2022, when they plan to begin to serve formal account closure notices to current account and deposit account customers.
If no action is taken by the customer, their accounts will be closed, with a cheque being issued for any remaining balance.
However, in advance of this, Ulster Bank are encouraging their customers to consider their future options; to avail of supports and to get ready to choose a new banking provider, particularly current and deposit account holders.
The bank no longer accepts applications from new and existing personal banking customers seeking new products, with the main exception of mortgages, which will remain available for existing customers only.
For the moment, for existing business customers; products and services will remain available.
Permanent TSB is coming back to Thurles thankfully, hopefully the Ulster Bank staff will be kept on.