Implications for current account holders if Ulster Bank closes?

Mrs Vimes

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Why would having a current account and mortgage with the same bank be a problem? In many cases this is an advantage to you, e.g. KBC offer a discount of 0.2% on mortgage rates with a current account, AIB give fee free banking on the account
I suppose because when we were in MARP years ago we were always glad that UB couldn't get to our current account. We had to cancel our DD with AIB after UB took more than the amount we had agreed with them and then switched to paying over the phone but they continued to present DD which we had to charge-back.

The level of incompetence and down-right lies we experienced gives me an unsavoury feeling of schadenfreude to see them lose their jobs I must say.
 

tiarnalamh

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We are a couple over 66 and would like advice on which bank is best for us to move our Ulster Bank accounts to. We have no mortgage, but have a joint current account accommodating several direct debits and two deposit accounts, with free banking. What's best for us with regard to above?
 
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RedOnion

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I am over 66 and would like advice on which bank is best for me to move my Ulster Bank account
AIB, Bank of Ireland and PTSB all have free banking over 66. They all offer full banking services and have branch networks.
KBC offer free banking to over 60, but without a full branch network. My understanding is that they don't offer cheque books if that's something you use.

If you need a branch, I'd suggest picking one with a convenient branch location.
 

Pinoy adventure

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AIB, Bank of Ireland and PTSB all have free banking over 66. They all offer full banking services and have branch networks.
KBC offer free banking to over 60, but without a full branch network. My understanding is that they don't offer cheque books if that's something you use.

If you need a branch, I'd suggest picking one with a convenient branch location.
@Red which bank would you recommend for under 60s ?
 

Germaine

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Well I for one will miss Henry Hippo....Good memories.

It is a real shame to see this happen. Some great people working in Ulster Bank. Hopefully large chunks of it will be able to be sold off and as many jobs as possible saved. Good opportunity for Permanent TSB to become a serious competitor to AIB and BOI if they are allowed and able to take over part of it. With persistent doubts over KBC, we need a strong third banking player.
Hi, I'm an Ulster bank customer currently looking into opening new accounts. I was interested in KBC...would you mind explaining what you mean about persistent doubts about KBC?
 
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