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11,800 Current Accounts Opened Every Week This Year

11,800 personal current accounts have been opened each week so far this year in Ireland. That's acco...
Ben Finnegan
Ben Finnegan

11:31 AM - 24 Aug 2022



11,800 Current Accounts Opened...

News

11,800 Current Accounts Opened Every Week This Year

Ben Finnegan
Ben Finnegan

11:31 AM - 24 Aug 2022



11,800 personal current accounts have been opened each week so far this year in Ireland.

That's according to the latest data from the Banking & Payments Federation Ireland (BPFI).

Figures show some 365,000 accounts have been opened to date in 2022.

While around 68,000 personal current accounts were opened in the four weeks to the beginning of August.

Brian Hayes is chief executive of BPFI, who said there's still a lot to do ahead of the imminent closure of Ulster Bank and KBC.

"We've a big job of work to do - we're at, not just the start of that process, but getting close to the middle of that process.

"And between now and next August, another 12 months, we've got to find a home for about 450,000 personal account customers.

"So a lot done, more to do.

"And we certainly believe that the website that we've put in place on behalf of the industry - movingaccount.ie - gives customers really good advice on a step-by-step guide basis about how they go about opening a new account, or indeed switching their account".



Read more about

BPFI Banking Banking And Payments Federation KBC Ulster Bank

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