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Daily Record
Daily Record
Lifestyle
Levi Winchester & Mya Bollan

Bank issues urgent customer warning as thousands of current accounts to close

An urgent warning has been issued to a number of bank customers as thousands of accounts are set to be closed.

Intelligent Finance is about the make major changes to how it operates, with the shift coming into effect on August one this year.

The rule change will see all current accounts closed, with those impacted to receive the their balance in the form of a cheque via post. ISA customers will also be have their accounts closed, receiving their money via cheque much like current account holders. Non-ISA savings accounts or mortgage customers will not be affected as their money is set to be moved over automatically, reports the Mirror.

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