The latest account opening figures published today by Banking & Payments Federation Ireland (BPFI) show 68,000 personal current accounts (PCAs) were opened by the main retails banks, An Post Money, CUSOP* and Payac* in the four weeks ending 5th August with some 365,000 personal current accounts opened so far in 2022. The figures are part of a BPFI’s personal account opening data series, which are updated on a monthly basis.
Speaking on the latest update Brian Hayes, Chief Executive, BPFI said: “Our latest monthly figures show continued strong activity in terms of the numbers of personal current accounts being opened across the three remaining banks as well as by An Post and the Credit Unions. And while we’ve seen a slight slowdown in July with about 68,000 PCAs opened in the four weeks ending 5 August, down from 71,000 in the previous four weeks, this is not unexpected given this is a period during which many customers will have been taking their summer holidays.”
“In total BPFI members have now opened 365,000 PCAs so far this year, that’s an average about 11,800 PCAs opened each week in the year to date. As September approaches and the holiday period comes to an end BPFI and its members will continue to drive additional information and awareness campaigns for consumers and businesses. We are encouraging anyone who is going through this process to visit our website movingaccount.ie where they can find a wealth of in-depth information and advice including a step-by-step guide on how to move or switch an account and how to manage other services such as direct debits, standing orders, overdrafts and card payments.”
