Majority of Ulster Bank and KBC customers yet to switch accounts
Consumer watchdog warned of negative consequences to delayed current account switching, such as loan repayment arrears, security risks and a negative personal credit rating
The CCPC has urged KBC and Ulster Bank customers to start the processes required to switch their current accounts and published data indicating that less than half of affected customers have completed the process.
Both KBC and Ulster Bank signalled their intention to leave the Irish market earlier this year and have said they will close customer accounts as the end of 2022.
The majority (65 per cent) of those surveyed by the Competition and ...