Brendan Burgess
Founder
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I'll put off moving it until the last possible moment as I can't face the hassle involved. Moving accounts is never as seamless as they advertise and I've tons of direct debits that will have to be changed as well
I might dip my toe in the water. Have to go AIB and open an account for my son. I'll talk to them there about it.Hi Steven
You should not leave it to the last minute.
When you go to open an account with AIB or BoI, there will be long delays as they will be inundated.
First, open a new bank account.
For all new direct debits, set them up on the new account.
Transfer over the existing ones a few at a time.
Then when it's all settled down, close your UB account.
Then turn on Joe Duffy and listen to all the UB customers who left it to the last minute and can't find any bank to take them on as they are closed to new accounts.
Brendan
@Pinoy adventure - Good luck with that!
Central Bank proposes to ban "price walking" on home and car insurance.
Press Release – 21 July 2021 Central Bank proposes to end the loyalty penalty for private car and home insurance customers [broken link removed] ... Based on the evidence from the Review we are proposing a series of measures to strengthen the consumer protection framework. These proposals...www.askaboutmoney.com
I'd be of the opinion that Banks will want those people to open ac's with them, and will be quite happy to accommodate the numbers who might want to do so.
High net worth individuals will be dealt with on a one to one basis…Our household account is with Ulster Bank. I'll put off moving it until the last possible moment as I can't face the hassle involved. Moving accounts is never as seamless as they advertise and I've tons of direct debits that will have to be changed as well as online accounts such as Netflix and Spotify coming out of it.
Charlie Weston of the Independent said 500,000 current accounts.Does anybody have any idea of the number of UB current accounts that will be closed / have to switch?
Are we talking about hundreds of thousands?
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