Here's how to go about changing your bank or switching your mortgage — you could save €10,000

The exodus of two major banks from Ireland may be a lucrative opportunity for banking customers 

Meeting with a new mortgage provider might seem like a lot of hassle but the entire process may only take 6-8 weeks and save you a whole lot of money in the interim.

It’s an era of massive change in the Irish banking market. With KBC and Ulster Bank heading for the hills, people are left searching for a new place to bank. Even if you are not affected by the KBC and Ulster exits, moving bank and mortgages may seem like a daunting task but don’t let that put you off. Take the process one step at a time and at a pace that suits you and if you do feel like you want a change then it is possible.

If you do want to change, bonkers.ie has a great comparison toolkit on its website that helps compare the likes of current accounts and loans at the various banks. It can be a great starting point. Darragh Cassidy of bonkers.ie said that there are two ways that you can switch account.