Ulster Bank to write to personal credit card holders to remind them to close accounts

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 50%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Ulster Bank will write to approximately 75,000 personal credit card holders next month, providing them with six months’ notice to choose an alternative provider.

Ulster Bank Headquarters at Georges Quay, Dublin. Image: Shutterstock/Dirk Hudson Ulster Bank Headquarters at Georges Quay, Dublin. Image: Shutterstock/Dirk Hudson ULSTER BANK HAVE launched a campaign to encourage its customers to close their accounts and find a new bank before March.

Ulster Bank credit cards will no longer work from March 2023 and the bank has recommended that customers leave €30 to cover the Government Stamp Duty which will be applied upon closure of the account. The figures indicated that current account customers of Ulster Bank and KBC, which will also withdraw from the market, are heeding advice to switch banks to avoid being left without banking services.Research from mid July by the Competition and Consumer Protection Commission has indicated that less than half of these banks’ customers have already opened a new account.

“Our colleagues are working hard to support customers through all channels and we have changed branch services to allow branch colleagues to focus on supporting customers who are moving their current and deposit accounts.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why do Ulster Bank users have to pay Govt Stamp Duty to close an account that isn’t by their own choice? Surely this should be waived? We already pay this every year!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ulster Bank credit card customers get 6 months' noticeUlster Bank is to begin writing to its 75,000 credit card customers next month to give them six months notice to find a new provider if they need one.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Ulster Bank credit card customers get 6 months' noticeUlster Bank is to begin writing to its 75,000 credit card customers next month to give them six months notice to find a new provider if they need one.
Source: RTEbusiness - 🏆 16. / 61 Read more »