No. A credit check is only done when you apply for credit.Would an adverse credit rating impact trying to open a current account with BOI or AIB? Without an overdraft.
No. A credit check is only done when you apply for credit.Would an adverse credit rating impact trying to open a current account with BOI or AIB? Without an overdraft.
Just for completeness, all lenders are required by law to carry out a CCR check for all credit applications in excess of 500 euro. That includes overdrafts, credit cards, paying your car insurance by installment etc.AIB were carrying out all checks including CCR for me moving the credit card. Expect them and others to do same especially if an overdraft facility is involved as per what RedOnion indicates
I can reassure you that my experience confirms what the other posters have said. As I posted elsewhere, AIB gave me an appointment to visit a branch to open my new accounts. I turned up on the day and the AIB rep opened the current and deposit accounts without leaving my presence and the accounts were open and available online instantly. Note that I did not require an overdraft nor was this mentioned and there was no mention of CCR or any other credit checking at any point.Would an adverse credit rating impact trying to open a current account with BOI or AIB? Without an overdraft.
There is going to be a rush for the door and if you experience problems Ulster Bank will be overwhelmed and unable to resolve it timely.
The other banks will also be overwhelmed by applications for new accounts, so there may be long queues.
So get your skates on.
Brendan
Wow. There is going to be mayhem next year.
People are not going to have their accounts closed in time and they will get cheques for the balance but won't have anywhere to lodge them.
Brendan
Brendan was understating the chaos that lies ahead.
I won’t set foot into the branch. started to slowly move my banking to BOI, but no rush.My Husband went into ulster bank today to close accounts and to cancel credit card. Large queue of people, so very busy. Credit card can only be closed over phone. Bank also closed 12-2 pm for lunch and when my husband went back after lunch with signed forms there was a queue of 18 people.
We have completed our move to AIB but ulster bank may struggle to cope with moving accounts if people delay.
I think that's the way I'll probably approach it, too.I have already emptied the accounts so I think I will just wait until they leave Ireland and close them themselves.
Exactly! They are the ones leaving and inconveniencing their customers. Hell will freeze over before I'd bother going into a branch merely to suit them. Or even writing a letter for that matter. Their problem; their creation. They can sort it out themselves.I cancelled my Ulster Bank credit card using their app. In order to close a savings account and current account they advised that I can go into the branch or write to them.
I have already emptied the accounts so I think I will just wait until they leave Ireland and close them themselves.
How do you cancel credit card with the app?. I don't see an option to cancel.I cancelled my Ulster Bank credit card using their app. In order to close a savings account and current account they advised that I can go into the branch or write to them.
I have already emptied the accounts so I think I will just wait until they leave Ireland and close them themselves.
I didn't close mine via the app, but a quick phone call did the job. They already know the reason why people are closing so no issue. But they do slap on the government levy at closing.How do you cancel credit card with the app?. I don't see an option to cancel.
To be fair, I don't think they've any choice, it's duty on all credit cards.they do slap on the government levy at closing.
Use the Message Us feature.How do you cancel credit card with the app?. I don't see an option to cancel.
Guess I will ring themUse the Message Us feature.