Current Bank Account Charges in Ireland

Most of the main banks in Ireland now have some sort of transaction or admin charges on current accounts.  The big two banks, AIB and Bank of Ireland made over €1 Billion profit between them in the first 6 months of 2018 – probably helped by fees such as these and also the large amounts […]
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Savings Accounts for Children

It’s First Communion time again for thousands of children in Ireland . At this time of year – many Catholic children get given cash gifts for their Communion .  A recent survey found that the average amount was €463. Hopefully – with the help of parents – they will try and save some or all […]
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Problems with Bank Payments Today

There was a delay in some bank payments being processed for Irish banks this morning (Oct 2nd). The issue is apparently affecting all the banks. The Banking and Payments Federation issued a ststement on behalf of it’s member banks – which  said ” due to an overnight issue in the European payments infrastructure, some customers […]
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What’s Happening with the Bank Guarantee?

Next week (28th March ) the   Eligible Liabilities Guarantee is ending – this is the one that covers most deposits over €100,000. We wrote about the possible ending of this guarantee back in Nov 2012 The Dept of Finance said that the ELG will end  for  all new liabilities (deposits) from midnight on the […]
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Payment Protection Insurance Investigation – the Latest

Back in July 2012 the Central Bank  announced that 7 firms in Ireland were being told to review all their PPI sales since 2007. It did not name the firms at the time. Today the Central Bank of Ireland has named 6 of the 7 involved in the review of possible mis-selling : They are   […]
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30% Mortgage Interest Relief Delayed for Thousands

Thousands of mortgage payers still haven’t received the promised increase in mortgage interest relief that was announced in Budget 2012. (Also known as TRS) See details of  TRS Budget 2012 Changes The higher  30% interest relief was promised for people who bought their first home between 2004 and 2008. It is now May – and […]
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