Fresh urgency facing Ulster Bank customers in Mayo

The Ulster Bank intends to push ahead with its plan to begin freezing the bank accounts of a first wave of customers who have yet to move to a new bank from the end of this week.

That's according to a report this morning in the Irish Independent.

An initial October deadline was kicked back a month to allow additional time for customers to prepare but its understood the plan is now to begin the process of freezing current and deposit accounts on or after November 11, it stated.

Once an account is frozen direct debits and standing orders will stop going out and customers will lose immediate access to their funds.

The customer will then have 30 days before the account is shut by the bank.

Holders of the accounts affected were told in April and May that they had six months to shut their account and switch to a new bank, credit union or An Post.