Oireachtas Joint and Select Committees

Wednesday, 1 February 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with Ulster Bank and KBC Bank Ireland

Ms Jane Howard:

No. A small proportion are. Typically, the non-resident accounts are for UK-based non-residents. That caused us some challenges in the early days because account holders will get a euro-denominated cheque but will not necessarily have a euro account. Following Brexit, such account holders cannot open an account in Ireland. We have dealt with that problem and have helped those customers, who are typically in the UK.