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AIB, BoI 'making three times more than European counterparts

  • 15-10-2004 3:59pm
    #1
    egan007
    Registered Users, Registered Users 2 Posts: 2,934 ✭✭✭


    AIB, BoI 'making three times more than European counterparts'
    15/10/2004 - 15:28:50

    AIB and Bank of Ireland are being accused of ripping customers off.

    A new study has shown that banks are making nearly three times as much profit per customer as their European counterparts.

    The Irish Banking Industry is defending this and has claimed the study does not take into account pre-tax profits.

    ISME's Mark Fielding has said small businesses aren't impressed with the latest revelations.

    Mr Fielding said: “The facts are that a JP Morgan study is showing that their profitability is almost three times what the European average.”

    “We know that over the years it is on the back of small and medium business and the rip-off culture that has been in the banks which gives them this massive profit.”
    http://www.breakingnews.ie/2004/10/15/story171226.html


    Just yesterday i gor charged 4.44 for a direct debit pushing my account 50 euro below 0 - i corrected it almost immediately but still get charged....is it any wonder they make such profits


Comments

  • #2
    Sleipnir
    Registered Users, Registered Users 2 Posts: 5,513 ✭✭✭Sleipnir


    It would be interesting to see what the banks' response is.


  • #3
    egan007
    Registered Users, Registered Users 2 Posts: 2,934 ✭✭✭egan007


    Same as every responce from Rip off merchants in Ireland
    they will probably attempt to blame the smoking ban!


  • #4
    billy the squid
    Registered Users, Registered Users 2 Posts: 12,811 ✭✭✭✭billy the squid


    Do AIB still charge you for using your ATM card, now that IS a complete rip off. Ulster Bank don't charge you for using their ATM cards.


  • #5
    therecklessone
    Registered Users, Registered Users 2 Posts: 17,213 ✭✭✭✭therecklessone


    billy the squid wrote:
    Do AIB still charge you for using your ATM card, now that IS a complete rip off. Ulster Bank don't charge you for using their ATM cards.

    Yes, 20c per transaction.


  • #6
    billy the squid
    Registered Users, Registered Users 2 Posts: 12,811 ✭✭✭✭billy the squid


    My suggestion Get a dual account from ulster bankfor your wages to go into every week if you are paid by EFT. you can then kiss those 20 c per transaction charges goodbye for ever.

    well kiss them goodbye until the bank of scotland screw everything up.


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  • #7
    SickCert
    Closed Accounts Posts: 538 ✭✭✭SickCert


    Do AIB still charge you for using your ATM card, now that IS a complete rip off. Ulster Bank don't charge you for using their ATM cards.
    Yes get a bill every 3 months for every transaction!


  • #8
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    billy the squid wrote:
    My suggestion Get a dual account from ulster bankfor your wages to go into every week if you are paid by EFT. you can then kiss those 20 c per transaction charges goodbye for ever.

    well kiss them goodbye until the bank of scotland screw everything up.

    Ulster Bank is owned by Royal Bank Of Scotland
    not Bank Of Scotland

    - big difference

    re : charges

    ROI - if a DD or S/O is bounced on you by UB you are charged €12.70
    NI - if a DD or S/O is bounced on you by UB you are charged £38.00
    :mad:


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