Overview
The Current Account Switch Guarantee ensures your current account will switch on a day of your choice, your payments will be automatically transferred and redirected to your new account, and in the unlikely event anything goes wrong with your switch, we will refund any interest and charges (incurred on your old or new current accounts) as a result of this failure as soon as it is brought to our attention.
Full details about the Current Account Switch Service are available in our Current Account Switching Services booklet.
If you have a bank account that includes an overdraft you can switch to us using the Current Account Switch Service. And if you’d like to have an arranged overdraft, just speak to us before starting your switch. We will advise if you’re eligible for an arranged overdraft, dependent on our lending criteria and your credit status.
Plus you can apply for an interest free and fee-free arranged overdraft for a period of three months from the date you open your account, subject to our current lending conditions. If after the first three months you keep the overdraft normal banking charges will apply to it and interest will be charged at the then current rate.
If you would like to transfer your account to Bank of Ireland UK but leave your old bank account open, or if you cannot use the Current Account Switch Service, the Bank of Ireland UK Account Switch Service can go through all the steps needed to move your personal current account to us.
In relation to Open Banking (OB), any authorisations already given to Third Party Providers (TPPs) to access your Old Bank account will not be automatically switched by the Current Account Switch Service.
- You should request a list of all TPP authorisations from your Old Bank for the account being switched out before the account is closed and reset your consent with the TPPs (where applicable) for your new Bank of Ireland UK account to ensure uninterrupted TPP services. Once your old account is closed TPPs won’t be able to access it anymore.
- For more information about TPPs please check our Open Banking T&Cs on our Current Account Terms and Conditions brochure. If you are unsure as to whether we will support the TPP permissions on your old account, please let us know this ahead of your switch.
- To learn how to get set up for Open Banking and provide consent to TPPs please go to www.bankofirelanduk.com/openbanking
Switching your account to us couldn’t be easier: we will look after everything for you and keep in touch every step of the way.
For further information please view our current account switching brochure.
