Are savings accounts from Ulster Bank moving to Bank of Ireland?

[Sunnysoutheast]

As above, my elderly father in law's savings account is with Ulster Bank, will it automatically go to Bank of Ireland or does he need to set up a new one with another bank?

 

[Pinoy adventure]

I don’t think so.he will need too set up
A new account with another financial institution.

 

[Sunnysoutheast]

Ok thanks @Pinoy adventure

 

[FintanJ]

As above, my elderly father in law's savings account is with Ulster Bank, will it automatically go to Bank of Ireland or does he need to set up a new one with another bank?

No. Ulster bank has No arrangements to sell or transfer deposit book.

 

[noproblem]

As above, my elderly father in law's savings account is with Ulster Bank, will it automatically go to Bank of Ireland or does he need to set up a new one with another bank?

If he does nothing at all about his UB account, all that will happen is, (eventually) he'll get a cheque in the post for the amount that's there.

 

[Peanuts20]

He will need to set up an account with a new bank and either transfer the funds himself or wait for the cheque in the post from UB so he can lodge it to his new account.