Deposit Customer Notification
Savings and Deposit Accounts
Important notification about your Investec Deposit AccountAs 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 accountIf 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.