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.”
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!
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