At Zurich our banking partner is changing. From today, Electronic Fund Transfer (EFT) payments should be issued to our new bank account - details of which can be found in the attached flyer.
You will note that for retail business we now have four accounts rather than one. This change is to ensure quicker allocation of payments to the correct policy.
Will recent payments to our old bank account be accepted?
During this transition phase our old bank account details remain valid however this account will shortly be closed.
If you have sent payments to our old details recently, the payment will be accepted as normal.
From today, please begin using our new bank account details for all EFTs and update your own files anywhere you might have our old details. e.g Sales packs, email templates, online forms.
With the upcoming withdrawal of KBC and Ulster Bank from the Irish market, you may be wondering what it means for your clients and their policy with Zurich?
If their policy premium is currently being collected by Direct Debit from their Ulster Bank or KBC account, they will need to provide us with their updated bank details so that premiums can continue to be collected.
If they are in receipt of a regular payment from Zurich (e.g. pension payments) and this is being paid to their Ulster Bank or KBC account, they will need to provide us with their updated bank account information so that payments can continue to be paid by EFT.
A banner is displayed on the homepage to update customers and a note has been added to the important notices section at the bottom of the homepage. We will also be writing out to affected customers in the coming weeks requesting them to share their new bank details and/or advising them to update our bank details for their policies.
Zurich Life Assurance plc Zurich House, Frascati Road, Blackrock, Co. Dublin, Ireland. Telephone: 01 283 1301 Fax: 01 283 1578 Website: www.zurich.ie Zurich Life Assurance plc is regulated by the Central Bank of Ireland.
