Watchdog urges KBC and Ulster Bank customers to switch before accounts are 'frozen'

Many banking customers with the exiting banks are experiencing difficulties moving, according to new research.

Ulster Bank will enforce non-operational markers on accounts on November 4. Photo: Brian Lawless/PA

The competition watchdog has issued a fresh warning to customers of banks that are exiting the Republic to switch, especially as Ulster Bank plans to close accounts in the coming weeks.

The Competition and Consumer Protection Commission have again urged customers of KBC and Ulster Bank to switch their accounts to a new bank as the deadline draws closer, but many people are experiencing difficulties moving.