Bank of Ireland to deploy 500 staff to help customers switch from Ulster Bank and KBC

The facilities include a dedicated phone line and standard payment instructions for customers.  

The number of its new current accounts has already climbed by over 80% from a year ago, Bank of Ireland said.

Bank of Ireland said it will have a total of 500 staff to meet the "unprecedented" demand for new accounts as Ulster Bank and KBC ramp up their plans to withdraw completely from banking in the Republic. 

The number of its new current accounts has already climbed by over 80% from a year ago, the lender said, but it again warned that utility companies, telecom providers, and other firms will also need to help with the switch over.