Online Shoppers Could be Charged €1 Billion in Fees By Irish Banks in 2021

Online shopping continues to grow at a fast rate in Ireland and Irish consumers have done even more of their shopping online during the coronavirus pandemic. Irish banks are charging their customers millions of euros in foreign currency fees when shoppers use their debit or credit cards to purchase on non-Euro currency websites. We estimate […]
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An Post Smart Current Account Charges

An Post launched a new current bank account in 2017  called the “Smart Current Account”.  Their press release called it a “game-changer”  and highlighted the MoneyBack feature , claiming that customers could save €660 a year. That moneyback feature ended in April 2021. We have taken a closer look at this An Post account to […]
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Charges on Current Bank Accounts in Ireland

The majority of the banks in Ireland now have some sort of transaction fees or admin charges on current bank accounts. The options for current accounts in Ireland will be shrinking over the next couple of years as Ulster Bank and KBC are both pulling out of Ireland. We have compared current bank account charges […]
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Debit and Credit Card Charges on Non-Euro Purchases

When you use an Irish debit card or credit card for purchases in non Euro currencies – (including online) … you will nearly always be charged currency conversion fees by your bank. These charges will be on top of any “normal” bank transaction charges.Most Irish banks will also make extra charges for non-Euro cash withdrawals […]
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Amazon Currency Converter – Good or Bad?

All the products on Amazon UK are priced in Sterling but Amazon will use their currency converter to convert the order total to Euros if they see that your payment card is a Euro one.You can turn off the Amazon Currency Converter – more about how to do that later. Thousands of people in Ireland […]
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