Irish Public Warned To Move Money From Savings Accounts Of RaboDirect Bank

In February it was announced that one of Ireland's leading banks would cease operations here.

RaboDirect will close on May 16 - just over one month away - and as a result will see 31 people lose their jobs in the company.

RaboDirect Ireland set up here in 2005 and has over 90,000 customers in Ireland with over €3 billion in savings.

They announced the news on their website and told customers that they "should close [their] RaboDirect Account(s) and transfer [their] funds to another bank prior to 16th May 2018."

They have now reminded their customers that the deadline is fast approaching and anyone who fails to move their money before their accounts close, may find it hard to access funds.

General manager at RaboDirect Tim Bicknell said that:

“Any accounts that remain open after May 16 will be closed by us and the funds will be moved to a separate unit within Rabobank.

“This means that customers will not be able to access their funds online and the process of closing their account will take longer than if they use the self-close option that is currently available on the RaboDirect website.”

“We want to avoid customers getting delayed as we move closer to the closure date so we are recommending that they take the necessary steps to close their accounts as soon as possible and ensure that they have their digipass and it is operational.”

You can find more information on the closing of the company along with extra customer information and frequently asked questions here.