Ulster Bank has held a meeting with other financial service providers in Ireland, ahead of its withdrawal from the Irish market.

The bank said the invite was extended to companies that currently offer similar services to customers - or are expected to in the near future in the Republic of Ireland.

It said the aim of the meeting was to outline its plans for communicating with customers about account closures.

"The aim of this engagement is to give receiving financial service providers as much information as possible at this point in time, given the expected increased activity across the industry," Ulster Bank said in a statement.

It said customers do not need to take any action now, and reiterated that it will give customers up to six month's notice, beginning early next year.

"We strongly encourage customers not to leave it until the last minute to avoid possible bottlenecks of account opening activity in the second half of 2022," it said.

It also encouraged customers who may require additional assistance to contact them for help now, or early next year.

The bank said it is writing to the main companies who hold direct debits with customers to outline the changes coming next year, to help them to be ready for impacts on customers who move accounts.

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