Around 160 jobs are to be lost at MBNA's call centre in Carrick-on-Shannon in Co Leitrim.
Workers were called to a meeting this afternoon and told the news.
It is understood the company will close its call centre by the end of November.
There are 160 people employed full-time at the centre.
A company spokesman said it was proposing to "close the operation" after a review of potential, including the sale of the company to a third party.
MBNA Chief Executive Ian O'Doherty said: "Our business is now UK-focused and serves UK customers, so we are proposing to align our resources to the market in which we operate".
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