Ulster Bank and KBC exit - what will happen to my account?

The departure of the two banks is set to result in the biggest movement of current accounts in Ireland’s history

The mass switching of bank accounts has caused serious concerns due to the wider disruption that could be caused to the banking sector.

Ulster Bank and KBC are both in the process of writing to customers as the banks continue in their preparations to leave the Irish banking system.

The exit of both banks from the Irish market will mean that over 570,000 accounts will need to be switched to different financial institutions.