Customers of KBC and Ulster Bank are being urged to move their direct debits to their new providers as around 70% of switchers have forgotten to make the necessary changes.
Thousands of people have switched from the two providers in light of their impending exit from the Irish market, however, just 30% of those who have remembered transferred their direct debits.
Figures recently published by the Central Bank also showed that just a quarter of Ulster Bank and KBC accounts have been closed since the beginning of 2022 despite ongoing warnings from both.
