Customers holding accounts with the North Lanarkshire Municipal Bank only have a short time left to close their accounts ahead of the bank closing on 30 September.
Nearly 2,000 customers have already closed their accounts and made alternative banking arrangements and remaining account holders are being urged to act now.
Elaine Kemp, Company Secretary said: “We’ve had a good response so far from customers closing down their accounts. We do however have a significant number of accounts which remain open.
“People with accounts not only have savings, but they also have direct debits and other payments linked to their accounts. It is therefore vital they make contact as soon as possible to close down their accounts and put alternative banking arrangements in place.
“We are also encouraging people to check with friends and family if they might have an account, even one they haven’t used in a while, and ask them to make contact and close it down.
“Letters have been sent directly to all existing customers to remind them they need to take actions to close their accounts. People may have been on holiday over the past few weeks or just not had a chance to get round to doing it yet, but time is running out to close down accounts.
“Our advisors and support team are here to help, so if you or a family member has an account, please contact us now.”
Customers should contact the NLMB helpline on 01698 403135 before attending a branch to close down their account to help manage demand and to speed up the process for them.
The Helpline will be available Monday to Friday between 10am and 3pm. No new accounts can be opened; and any additional deposits are being discouraged.