Ulster Bank has warned customers they will begin to freeze account on Friday as their phased withdrawal from Ireland accelerates.
The banking giant initially planned to start account freezing in October but this was temporarily suspended so customers could receive their one-off cost of living payments. They will also briefly pause the freezing process over the Christmas period, effective from December 9 until January 6 2023.
Customers lose access to their account once it has been frozen, although the account itself is not shut down entirely by the bank for an additional 30 days. Ulster Bank say that they will begin by freezing accounts they believe are not being relied on.
