Ulster Bank has released set dates for its remaining customers as the bank's exit from Ireland rapidly approaches.
While the majority of customers have closed their accounts with the provider, 13% still retain an Ulster Bank account. However, transactions and other services are set to cease from March onwards as the bank's exit strategy accelerates.
The 63 remaining Ulster Bank branches nationwide will close in the near future, while access to the bank's services via An Post will also be prohibited. Account freezing will also begin in February for accounts that have received their six month notice period.
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Freezing of accounts begins: 2 February 2023
End to transactions: 31 March 2023
Bank services through An Post end::31 March 2023
Closure of all Ulster Bank branches: 21 April 2023
Ulster Bank has made some exceptions to their account freezing process, notably for vulnerable customers or those who are still in receipt of Social Protection payments. Customers with additional queries will be assisted by staff in order for them to successfully switch bank providers.
The bank's chief executive Jane Howard said: "Today is another significant day in our phased withdrawal as we communicate the closure dates of our remaining branches to colleagues, customers and other stakeholders. I know that our branches and colleagues have been a central part of these communities for many years and these final months of helping customers to move to new providers will be poignant for all involved."
The bank's well-publicised exit from Ireland coincides with the additional loss of KBC, which is also undergoing a phased withdrawal in Ireland. The Central Bank of Ireland revealed that 84,494 Ulster Bank and KBC current accounts were closed in October 2022.
Customers wishing to close their accounts can contact Ulster Bank on 0818 210 260 or 00353 1804 7475 if calling from abroad or 1800 656 001 if they experience vulnerabilities.
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