Donegal Daily
  • News
  • Sport
    • Athletics

      John Kelly and Sommer Lecky win titles…

      14 hours ago

      Sport

      Local watersports club to host a ‘try…

      17 hours ago

      Athletics

      Success for Donegal athletes in Tailteann Schools…

      19 hours ago

      Football

      Watch: Late comeback ‘something to build on’…

      1 day ago

      Athletics

      John Kelly and Sommer Lecky win titles…

      14 hours ago

      Athletics

      Success for Donegal athletes in Tailteann Schools…

      19 hours ago

      Athletics

      New PB for Fintan Dewhirst after victory…

      6 days ago

      Athletics

      New faster, flatter course for 2022 Donegal…

      1 week ago

      Boxing

      Disappointment for Donegal boxers in Cadet finals

      6 days ago

      Boxing

      Another victory for Brett McGinty in England

      4 weeks ago

      Boxing

      Venue swap for Brett McGinty fight next…

      1 month ago

      Boxing

      Donegal boxers claim Ulster 9 County titles…

      1 month ago

      Football

      Watch: Late comeback ‘something to build on’…

      1 day ago

      Football

      Watch: Horgan ‘delighted’ to reward supporters with…

      1 day ago

      Football

      Harps complete brilliant comeback to draw after…

      2 days ago

      Football

      Harps hoping to kick-start form with victory…

      3 days ago

      GAA

      Donegal duo Gallen and Mogan to join…

      2 days ago

      GAA

      St. Eunan’s begin 24 hour hand pass…

      2 days ago

      GAA

      GAA: Draws made for the Donegal GAA…

      5 days ago

      GAA

      Results from the weekend’s All-County League games

      6 days ago

      Golf

      Ryan Griffin to represent Ireland at World…

      2 days ago

      Golf

      Cloughaneely Golf Club host society game

      5 days ago

      Golf

      Prize fund of €3,000 for Urris GAA…

      6 days ago

      Golf

      Paddy McDaid secures fifth Donegal ETB Golfer…

      2 weeks ago

      Hockey

      Hockey: Luke Witherow makes senior debut for…

      3 weeks ago

      Hockey

      Four Donegal players named in Ireland hockey…

      2 months ago

      Hockey

      Hockey: Raphoe go down fighting

      3 months ago

      Hockey

      Hockey: Raphoe lose out in crucial relegation…

      3 months ago

      GAA

      Match Report – Casey inspires Tyrone in…

      1 month ago

      GAA

      Mickey McCann reacts to heartbreaking defeat to…

      1 month ago

      Hurling

      Brave Donegal hurlers miss out on another…

      1 month ago

      Hurling

      SHL – Strong second half sees St…

      1 month ago

      Rugby

      Welchtown and Donoughmore NS win at Finn…

      2 weeks ago

      Rugby

      Letterkenny girls play in front of huge…

      1 month ago

      Rugby

      Donegal girls feature for Ulster in provincial…

      2 months ago

      Rugby

      Last gasp drop goal clinches dramatic Gordon…

      2 months ago

  • Courts
  • Jobs
  • Travel
  • Features
  • Business
  • Property
  • Council News
  • Politics
  • More
    • Advertise with us
    • Haircare
    • Cooking
    • DD Pets
    • Hairdressing
    • Motors
Sunday 13°CMonday 15°C

Donegal Daily Donegal Daily

  • News
  • Sport
    • Athletics

      John Kelly and Sommer Lecky win titles…

      14 hours ago

      Sport

      Local watersports club to host a ‘try…

      17 hours ago

      Athletics

      Success for Donegal athletes in Tailteann Schools…

      19 hours ago

      Football

      Watch: Late comeback ‘something to build on’…

      1 day ago

      Athletics

      John Kelly and Sommer Lecky win titles…

      14 hours ago

      Athletics

      Success for Donegal athletes in Tailteann Schools…

      19 hours ago

      Athletics

      New PB for Fintan Dewhirst after victory…

      6 days ago

      Athletics

      New faster, flatter course for 2022 Donegal…

      1 week ago

      Boxing

      Disappointment for Donegal boxers in Cadet finals

      6 days ago

      Boxing

      Another victory for Brett McGinty in England

      4 weeks ago

      Boxing

      Venue swap for Brett McGinty fight next…

      1 month ago

      Boxing

      Donegal boxers claim Ulster 9 County titles…

      1 month ago

      Football

      Watch: Late comeback ‘something to build on’…

      1 day ago

      Football

      Watch: Horgan ‘delighted’ to reward supporters with…

      1 day ago

      Football

      Harps complete brilliant comeback to draw after…

      2 days ago

      Football

      Harps hoping to kick-start form with victory…

      3 days ago

      GAA

      Donegal duo Gallen and Mogan to join…

      2 days ago

      GAA

      St. Eunan’s begin 24 hour hand pass…

      2 days ago

      GAA

      GAA: Draws made for the Donegal GAA…

      5 days ago

      GAA

      Results from the weekend’s All-County League games

      6 days ago

      Golf

      Ryan Griffin to represent Ireland at World…

      2 days ago

      Golf

      Cloughaneely Golf Club host society game

      5 days ago

      Golf

      Prize fund of €3,000 for Urris GAA…

      6 days ago

      Golf

      Paddy McDaid secures fifth Donegal ETB Golfer…

      2 weeks ago

      Hockey

      Hockey: Luke Witherow makes senior debut for…

      3 weeks ago

      Hockey

      Four Donegal players named in Ireland hockey…

      2 months ago

      Hockey

      Hockey: Raphoe go down fighting

      3 months ago

      Hockey

      Hockey: Raphoe lose out in crucial relegation…

      3 months ago

      GAA

      Match Report – Casey inspires Tyrone in…

      1 month ago

      GAA

      Mickey McCann reacts to heartbreaking defeat to…

      1 month ago

      Hurling

      Brave Donegal hurlers miss out on another…

      1 month ago

      Hurling

      SHL – Strong second half sees St…

      1 month ago

      Rugby

      Welchtown and Donoughmore NS win at Finn…

      2 weeks ago

      Rugby

      Letterkenny girls play in front of huge…

      1 month ago

      Rugby

      Donegal girls feature for Ulster in provincial…

      2 months ago

      Rugby

      Last gasp drop goal clinches dramatic Gordon…

      2 months ago

  • Courts
  • Jobs
  • Travel
  • Features
  • Business
  • Property
  • Council News
  • Politics
  • More
    • Advertise with us
    • Haircare
    • Cooking
    • DD Pets
    • Hairdressing
    • Motors
BusinessNews

Doherty TD warns of ‘chaos’ facing customers switching banks

written by Staff Writer June 8, 2022
Facebook0Tweet0LinkedIn0Print0

Donegal TD Pearse Doherty has criticised the banking industry for failing to have systems in place for a smooth switching process for Ulster Bank and Permanent TSB customers.

The Sinn Féin TD said there is either a misunderstanding or a miscommunication for direct debit customers.

This comes after the Central Bank wrote to the Donegal TD clarifying claims that customer details had to be communicated solely by paper. Teachta Doherty warned that these failures risked chaos for customers switching from Ulster Bank and KBC Bank Ireland in the months ahead.

Teachta Doherty said: “Last month Electric Ireland came before the Finance Committee and told us that banks were sending them updated customer account details by post and post alone.

“Electric Ireland warned that this paper-based communication threatened the smooth processing of updated details for customers that are now leaving Ulster Bank to Permanent TSB.

“It is slow, onerous and more prone to error.

“As the two banks leave the market, more than half a million customers will have to switch bank.

“And as part of this, direct debit originators will have to receive their new bank details to ensure payments are not missed and credit ratings badly affected.

“As part of the Central Bank switching code, banks must contact direct debit originators, such as phone companies or electricity suppliers, to provide them with a customer’s updated details.

“Last month the Banking and Payments Federation came before the Finance Committee and told us that, under the switching code, banks were required to conduct all communication solely by paper.

“They have been telling direct debit originators like Electric Ireland the same.

“Last week the Central Bank confirmed to me in writing that this is false – communication between banks and direct debit originators can be automated or electronic.

“But the banking industry is misinforming direct debit originators that it must be done through paper – for more than half a million customers.

Teachta Doherty asked: “Either the Banking and Payments Federation do not understand the switching code or they deliberately misled the Dáil and Direct Debit Originators – which is it?

“That there is not a seamless and automated switching process available to customers, when the banks have known this was coming for a year, is totally unacceptable.

“In my view it suits them to make this process difficult, to tighten their grip on customers and reduce competition.

“It is clear that the Minister for Finance now needs to intervene.

“It is truly shocking that the representative body of the banking sector does not understand the switching code or is misinforming direct debit originators.”

Doherty TD warns of ‘chaos’ facing customers switching banks was last modified: June 8th, 2022 by Staff Writer
Facebook0Tweet0LinkedIn0Print0
Staff Writer

LEAVE A COMMENT

You may also like

Showbiz: Bono reveals shock at discovering he...

2 hours ago

CAO Change of Mind – Have you...

14 hours ago

Rural Donegal hamlet could become a ‘dark...

14 hours ago

Almost €200,000 sought for two ‘fixer uppers’...

16 hours ago

Driver dies after car catches fire following...

18 hours ago

Stone plant gets permission to create its...

18 hours ago

This week’s Raphoe Community Notes are out!

20 hours ago

Government must address Mica Action Group concerns...

21 hours ago

Donegal School named this year’s National ‘Incredible...

21 hours ago

Roadworks start on remote Donegal island

22 hours ago
Advertisement
Advertisement

MOST POPULAR

Donegal County Council
Advertisement

Sport Hub

  • Stay up to date with Donegal Sport Hub on Facebook

    6 months ago
  • Donegal links rank in Top 100 Golf Courses in the World

    7 months ago
  • Bundoran 10 Event set for March 2022

    7 months ago
See More

Donegal Woman

  • Stunning Sliabh Liag is Donegal’s newest wedding destination!

    1 day ago
  • Watch: New luxury screen opens at Eclipse Cinemas Lifford Strabane

    2 days ago
  • Delight as beach wheelchair unveiled in Bundoran

    3 days ago
See More

Columnists

At Home with Hegarty's - Hegarty's Home Interiors

Job Vacancy: Hegarty’s Home Interiors hiring Receptionist (Maternity Cover)

2 days ago

Motoring - Brian McDaid

DD Motoring: Another rally sticker for the collection…

4 days ago

Group Holidays - Travel Department

Travel: Top 10 Places to Visit In Canada

6 days ago

Healthy Living - Sorcha McElchar

Sorchas Healthy Living: All you need to know about turmeric

4 weeks ago

Career Advice - Rory White

Career Guidance with Rory White: Choosing your senior cycle subjects? Keep your options open!

3 months ago

See All Columnists
Advertisement
Donegal Daily Jobs

Read More

  • News
  • Sport
  • Courts
  • Jobs
  • Sales & Services
  • Obituaries
  • Features
  • Business
  • Politics
  • Council News

Information

  • Contact Us
  • About
  • Advertise WIth Us
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions

Our Sites

Donegal Woman
Donegal Woman
Donegal Daily

© 2022 Donegal Daily. All rights reserved.
Website by owenod


Back To Top.

Posting....