Saturday, 24 June 2017

Building society's account deadline axed



A deadline for the closure of current accounts with the Norwich and Peterborough (N&P) has been cancelled, with 30% of customers still to receive letters explaining the move.

 
It was announced in January that the building society's brand is to be abolished, some branches closed, and current accounts shut down.


The plan was for customers to move or close accounts by the end of August.


But its owner, the Yorkshire Building Society, now says there is no deadline.


The Yorkshire - the UK's second biggest mutual - said that about 35% of the 100,000 customers affected had already closed their current account, switched to another bank, or was in the process of doing so.
It was staggering the flow of letters to affected customers to avoid a rush of inquiries, and has now written to 70% of those affected.


The remaining letters will be sent by the end of July.




BBC      News.