Ulster Bank has advised current account customers to start moving their accounts now

I closed two Ulster Bank accounts (savings and current) in a branch this morning. No queue at 9:45am.
 
Just asked me to use the card and PIN. No ID needed.

Teller didn't seem to know about Government Stamp duty.
 
That is great thank you. Time to get moving and open the account next.
 
Páid said:
Just asked me to use the card and PIN. No ID needed.

Teller didn't seem to know about Government Stamp duty.
Click to expand...
The problem is....did the teller actually close the account or just reduce the balance to "nil". Big difference.

If not closed, then fees will follow on later for current accounts. For deposit accounts, interest will be credited later. This is why there are so many petty dormant accounts about.
 
Same here, accounts closed with confirmation, balance transferred to new account. A small charge to close accounts though (like 2 or 3 euros). No stamp duty, only on the credit card account which I closed over the phone.
 
Is there any deadline to close UB account? I have transferred all DDs and draining it slowly by debit card but haven't requested formal closure yet.
 
I've everything transferred apart from a few deposit accounts. I was told that when the time comes, they'll inform me to transfer the money, or send all the money via cheque to the a'c holder
 
UB's plan is to start issuing letters to personal customers next month giving them 6 months to close. Accounts not closed after 6 months will be forecably closed and a cheque sent out for the balance.
 
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