Bank of Ireland has confirmed a massive increase in the number of new applicants as thousands rush to move their accounts away from Ulster Bank and KBC.
Both banks will be leaving the Irish market by the end of the year and according to the BOI figures, this has seen new applicants jump by 120% - compared to 2021 - for the week ending May 22.
Their stats show that 70% of accounts are being opened online, with the remainder being prepared in branch, and while many are breezing through the process, a spokesperson has warned of a ‘common error' which is resulting in delays for some.
