Banking & Payments Federation Ireland (BPFI) have today published a series of Frequently Asked Questions (FAQ) for consumers to help explain how Brexit will affect bank products and services including mortgages, savings and payments. Also included is information for business customers as well how BPFI member banks are preparing in the event of a hard Brexit.
Speaking on the publication of the FAQs, BPFI CEO, Brian Hayes said: “With continued uncertainty around Brexit and what will happen next, we are very aware that consumers have concerns about how their day-to-day banking might be affected. While many of our members banks have produced a range of information for their customers, this series of FAQs aims to provide further reassurance to consumers on the key questions they may have around the most common banking products and services and allay any fears they may have in this regard.”
Note: Banking & Payments Federation Ireland (BPFI) represents the banking, payments and fintech sector in Ireland. Together with its affiliates, the Federation of International Banks in Ireland and the Fintech & Payments Association of Ireland, BPFI has 100 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.
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