Deposit Customer Notification

Important notification about your Investec Deposit Account

As you may be aware, Investec bank plc (Irish Branch) (Investec) is a United Kingdom (UK) authorised enity and benefits from the UK's membership of the European Union by way of a regulatory passport that allows Investec to provide certain banking services in Ireland.
 
With the impending withdrawal of the UK from the European Union on 29 March 2019, Investec Bank plc (Irish Branch) would no longer be authorised to provide deposit services in Ireland.
 
We have written to inform you that you will need to find an alternative provider for the deposit account(s) that you hold with us.
 
Investec will continue to provide an extensive range of specialist products and services for both existing and new clients, this notification only applies to our deposit services. If you conduct other business with Investec, your Relationship Manager will continue to provide you with these services.
 
If you opened your deposit account via one of our appointed intermediaries, please contact them to review the options available to you.
 

We have removed withdrawal restrictions on closing your account

If you would like to close your account now, you can do so today. We have removed notice requirements, and on fixed term deposits, Investec will pay interest up to the original maturity date.
 
It’s easy to close your account by one of the following methods:

    •    By sending us your payment details via a secure message on www.Investeconline.ie; or
    •    By completing and returning the Account Closure Instruction in the prepaid envelope provided; or
    •    By appointment at our Head office at The Harcourt Building, Harcourt Street, Dublin 2.

The fastest and most secure way for us to return your savings to you is by Electronic Funds Transfer, if your bank account details including both BIC and IBAN are provided. Please note that we can only pay into another account in your name(s).

If you have a standing order set up to your account, you will need to ensure that when you close your account with us that you then contact your bank to cancel the standing order.

It is essential that you act now

In the event that you do not follow the instructions as set out on the first page of this letter to close your account, your account will automatically be closed by us on the 30 January 2019.
 

Alternative Deposit Providers

The Competition and Consumer Protection Commission maintain and publish up-to-date information on lump sum and regular saving accounts available from other saving providers including the rate of interest available. This useful information can be found by visiting https://www.ccpc.ie/consumers/financial-comparisons/

We are here to help

We have included a leaflet with answers to some of the questions that you may have and further information is available on our website at investec.ie. If there is anything that you are still unsure about you can call us on 1800 466466. Alternatively you can talk to our deposit team in our Head Office at The Harcourt Building, Harcourt Street, Dublin 2, by appointment. We will be happy to help.