The statement by the Central Bank that banks must do more to facilitate hundreds of thousands of customers being forced to move their accounts as Ulster Bank and KBC prepare to shut down their Irish businesses – has been welcomed by the Chairman of the Consumers Association, Castlebar based Michael Kilcoyne.
The bank has summoned leaders of the remaining retail banks in the Irish market to a round table meeting, which will take place on May 17th.
More than one million accounts are looking for new homes. These include personal current accounts, savings accounts and company accounts.
Michael Kilcoyne says the Central Bank now needs to step up and ensure consumers are treated fairly and with respect by the remaining financial institutions in the country.
Michael has been telling Midwest News this evening about the demands some of the banks are imposing on new customers to date…