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Irish Mirror
Irish Mirror
National
Michelle Cullen

Social welfare Ireland: Major payment date changes ahead of August bank holiday

The date for next week's social welfare payments has changed, due to the August bank holiday.

Those in receipt of social welfare will receive their payment earlier than usual as a result of post offices and banks being closed next Monday.

Most social welfare payments due to be paid on Monday, August 1, will now be paid on Friday, July 29 instead.

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All Intreo Centres and Branch Offices will also be closed on Bank Holiday Monday but will reopen as usual on Tuesday, August 2.

Those who receive their payments through the post office will be able to collect them on Saturday.

An update from Gov.ie reads: "Monday 1 August is a Bank Holiday and as a result most Social Welfare payments due to be paid on Monday 1 August will now be paid on Friday 29 July instead.

In this photo illustration a man removes Euro currency bills from a wallet on June 21, 2011 in Berlin, Germany. Eurozone finance ministers are currently seeking to find a solution to Greece's pressing debt problems, including the prospect of the country's inability to meet its financial obligations unless it gets a fresh, multi-billion Euro loan by July 1. Greece's increasing tilt towards bankruptcy is rattling worldwide financial markets, and leading economists warn that bankruptcy would endanger the stability of the Euro and have dire global consequences. (gettyimages.ie)

"All Intreo Centres and Branch Offices will be closed on Bank Holiday Monday 1 August. Intreo Centres and Branch Offices will be open as normal on Tuesday 2 August."

The news comes as thousands of Irish people receiving regular social welfare payments have been issued an important reminder from the Department of Social Protection.

Those who receive the State Pension or Child Benefit payments into an Ulster Bank or KBC Bank account will need to make alternative arrangements for where their money goes. This can be into an account with a different bank, a post office account or a credit union account.

A statement on Gov.ie said: "If you get a social welfare payment such as Child Benefit or State Pension into an Ulster Bank or KBC Bank account, you will need to make arrangements to have your payment paid into another bank, post office or credit union account.

To do this, the "easiest way", according to the Government, is to use their online service through MyWelfare.ie .

"To avoid disruption to your social welfare payment, please update your details before closing your Ulster Bank or KBC Bank account," the statement continued.

Despite the banks' plan to move out of the Irish market, just 44% of their customers have opened new accounts with a different bank, according to research from the Competition and Consumer Protection Commission.

Of those who had opened new accounts, the majority found that "moving direct debits and regular payments" was the biggest challenge.

As a result, the CCPC has put together a guide on moving direct debits, which includes the steps of listing your direct debits, creating a contact list, confirming the transfer process, plan your switching dates and trying to keep money in your account.

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