Bank of Ireland changed their rules on current account fees in November 2020.Since November 23rd 2020 – Bank of Ireland charges current account holders a monthly flat rate charge of €6.Some people were hit with a 360% increase in charges. Bank of Ireland Fees Prior to Nov 22nd 2020 Previously, BOI customers who maintained a […]
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Since January 2016 there has been a Stamp Duty charge in Ireland of 12c for each ATM cash withdrawal with a debit card. This annual Debit Card ATM Stamp Duty Charge in Ireland is capped annually at – €2.50 for a basic ATM card and €5 for combined ATM/debit cards. If you have a full […]
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Online shopping continues to grow at a fast rate in Ireland and Irish consumers have done even more of their shopping online since 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 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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Allied Irish Bank (AIB) increased current account fees from November 28th 2020. The bank was originally planning on making the changes in May – but postponed them because of Covid-19. The changes to current account fees at AIB have removed the option of zero transaction charges for those customers who kept at least €2,500 in […]
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