Pictured at the launch R – L Kevin Johnson, CEO CUDA, Seamus Newcombe, CEO Payac, Brian Corr, Dept. of Finance, Des Morrissey, Chair CUMA
CUDA was delighted to be invited to attend the launch of the a new full-service Current Account for Credit Union members. It includes a globally accepted Mastercard Debit Card with contactless payments, standing orders, direct debits, and an overdraft facility. Credit Union members will be able to open an account online or in person at a Credit Union branch.
The roll-out of the new service commenced 17th October ’19 and sees 30 Credit Unions, with 115 branches throughout the country, offering this new service over the coming weeks. Further Credit Unions are expected to provide the service in 2020.
The Current Account offers simple and transparent pricing including a low monthly (standard) fee of €4, which covers unlimited (euro) point of sale and contactless transactions, unlimited mobile and online banking, unlimited standing orders and direct debits, and up to five ATM withdrawals (euro) per month.
CUDA wishes the participating credit unions, and their owned shared services company Payac Services who have colloborated successfully to bring currentaccount.ie to market, every success
with this initiative. At CUDA we understand the benefits of collaboration to enable credit unions to engage in beneficial activities which would not have proved possible to do as single stand-alone entities. CUDA, through the Solution Centre, enjoys managing a variety of solutions within its network to their mutual benefit.