Connect Credit Union staff held a promotional stand in the marshes on Friday 22nd and Saturday 23rd April and were eager to let Dundalk shoppers know they should be thrifty on bank charges.
So many local people are now looking for a new financial provider following the impending closures of Ulster Bank and KBC, a Connect Credit Union spokesperson said.
Connect Credit Union is now a viable alternative for many people who want to lower their banking fees and save money.
The friendly, local and personalized service is another draw for those who prefer to deal with real people over the phone or in branch. At just €4 per month, the Credit Union current account is one of the cheapest on the market, the spokesperson continued.
Hundreds of buyers stopped by the booth over the two days and asked Connect Staff many questions.
Naomi O’Donoghue, the current accounts manager, said: “From discussions with marsh dwellers, it is clear that many people are still delaying their bank switch.
“People think it will be a huge headache but in reality it is only a minor inconvenience for those who allow us to help them.”
Connect Credit Union staff are working to make changing banks as easy as possible, a spokesperson said.
The Switcher code allows funds transfer, direct debits and standing orders, so members only need to manage the transfer of their salary and any other income.
Naomi added: “We encouraged everyone we spoke to over the two weekends, no matter who you choose for your new checking account, start the process as soon as possible because it will only get more busy over the next few months.
“We’ve already switched hundreds of Ulster Bank customers and the feedback has been really positive. “
Nia Fowden-Nevin, assistant accountant was on hand to answer many questions posed on the stand.
She said, “Yes, it’s a real Mastercard debit card!” It can be used internationally at ATMs, online and at point of sale! You can mandate your earnings to your new current account with 24/7 access through our comprehensive online banking and very user-friendly app! Yes, you can get an overdraft! And, yes, we can handle the change process for you.”
Connect Credit Union was also on hand with a stand in Dundalk Market Square on Friday 29th April last for any Ulster bank, KBC or local people who were looking to change their bank provider to community banking with the co-operative of credit.
Conor Richardson, Head of Marketing, speaking to the general consensus of passersby, said: “Many people don’t realize that local credit unions like Connect now provide fully operational banking services.
“The perception of using a credit union just for savings is the biggest hurdle, but with the introduction of Connect CU’s current account, we hope to break this misconception by changing Ulster Bank, KBC and people who want choose the local bank as their number one financial provider.”
As Ulster Bank and KBC look to exit the Irish market by 2022, the Connect Credit Union team said they will be available from their three offices in Blackrock, Kilsaran and Clogherhead to help those in need need to go to the community bank.