Bank of Ireland has issued a warning to the public to be extra vigilant for fraud as the mass movement of bank accounts accelerates as Ulster Bank and KBC exit the market.
The bank said consumers should expect an increase in scam calls, texts and emails as scammers take advantage of the period of change to target unsuspecting customers.
The news comes as hundreds of thousands of current account customers will be forced to move their accounts in the coming months, changing direct debits and standing order payments to utilities and other companies.
