Over one million customers will need to switch their current account in the next six months, following the exit of Ulster Bank and KBC from the Irish market.
Customers of both Ulster Bank and KBC will need to switch banking providers and many others are now also considering changing banks on foot of coverage of the mass switch necessitated by the two banks impending departure from the Irish market.
Cara Credit Union and Killarney Credit Union have teamed up to provide customers with information and options on switching accounts and providers.
“Making the move may seem intimidating, confusing, or just a little inconvenient. What current account provider should you move to? Once you’ve chosen, how do you go about switching?” said the unions.
Both unions have set up dedicated switcher teams in order to guide people through the process.
“The credit union, unlike other current account providers, is a not-for-profit, community-owned and customer focused financial institution,” said Mark Murphy, CEO of Killarney Credit Union
“We know moving current account can seem like a tedious task. As with everything we do, we put our members first and provide all the support you need,” said Mr Murphy.
Pa Laide CEO of Cara Credit Union echoed Mr Murphy’s sentiments.
“At a time of rising costs, our advise is to check out how much you are paying for your current account,” said Mr Laide.
“A current account from your local credit union offers fantastic value at just €4 per month, making it one of the cheapest current accounts on the market. We also offer students and those over 66 free banking,” Mr Laide added.
Both Killarney Credit Union and Cara Credit Union are accepting new members.
Anyone interested can join their local credit union online or by calling into one of their branches in Tralee, Killarney, Kenmare, Killorglin, Castleisland, Cahersiveen, Ballyduff or Causeway.