CHEQUE BOOK

keep going

just checking the bank acc and noticed the 20 eu fee for the book of checks. getting pricey now isn,t it. i would use at least 3 in the year or maybe 4. anybody doing anything different to save a few bob.banking with tsb so no bank charges. the orther day a neighouring coop refused to take a check from me even though i never once had a problem with a check with anyone.are checks on the way out

reilig

Boi have free banking if you keep an average of 1500 in your account during the year or alternatively if you use their online banking system and make a certain amount of transactions through your online account on a monthly basis. I struggle to keep keep the 1500 in my account but I use their online system on a regular basis to top up the phone, transfer money to my credit account or to other accounts and to pay bills on a regular basis. Local marts won't take debit or credit cards around here yet so the cheque book will be in use until they do.

keep going wrote: »

just checking the bank acc and noticed the 20 eu fee for the book of checks. getting pricey now isn,t it. i would use at least 3 in the year or maybe 4. anybody doing anything different to save a few bob.banking with tsb so no bank charges. the orther day a neighouring coop refused to take a check from me even though i never once had a problem with a check with anyone.are checks on the way out

Muckit

I opened the thread here before regarding Credit Cards and their advantages over cheque books but SOME people thought I was mad.

I definitely think Marts want to get their a*se in gear and realise we're in the year 2011.

Re banking charges OP you are right. Banking charges have gone mad the last while.. BOI are a joke, you pay for EVERYTHING. But other banks will probably follow suit. Hopefully a new government will keep a tighter rein on what they can or cannot charge for their services.

At the end of the day we have to use them, but their charges should be reasonable.. We're in a recession, every business has taken a cut, but banking fees have gone up. What a joke, or maybe it's us their customers that are the joke sitting back and accepting it

reilig

Muckit wrote: »

BOI are a joke, you pay for EVERYTHING.

I have 2 accounts with them a personal account and a farm account. Neither has ever had any charges on them in the last 10 years. Would consider changing banks if they started charging me.

funny man

reilig wrote: »

I have 2 accounts with them a personal account and a farm account. Neither has ever had any charges on them in the last 10 years. Would consider changing banks if they started charging me.

do you not pay the stamp duty on the cheque book?

reilig

funny man wrote: »

do you not pay the stamp duty on the cheque book?

No.

I have never had a charge for anything with BOI - definitely not stamp duty on cheques either. The only exception to this is a €25 per year charge on my credit card which is for insurance against CC fraud - however my house insurance now covers this so I won't be paying it anymore. There used to be a tax on credit cards but I didn't get charged anything in the last 2 years.

snowman707

funny man wrote: »

do you not pay the stamp duty on the cheque book?

reilig wrote: »

No.

I have never had a charge for anything with BOI - definitely not stamp duty on cheques either. The only exception to this is a €25 per year charge on my credit card which is for insurance against CC fraud - however my house insurance now covers this so I won't be paying it anymore. There used to be a tax on credit cards but I didn't get charged anything in the last 2 years.

so your'e saying BOI pays the 50c per cheque Government Stamp duty ?
wish AIB would follow suit


To comments on OP first first , we almost eliminated the cheque book, either pay on line, or by CC, only use cheques when no other form of payment is accepted.

Muckit

I have never had a charge for anything with BOI

-

I have a BOI credit card. I know it's not the bank that's getting it, but i still pay €40 annual charge. I presume you have to pay this?

reilig

snowman707 wrote: »

so your'e saying BOI pays the 50c per cheque Government Stamp duty ?

Maybe its an oversight but I have not been charged 50c per cheque. I would write at least 75 cheques per year.

reilig

Muckit wrote: »

-

I have a BOI credit card. I know it's not the bank that's getting it, but i still pay €40 annual charge. I presume you have to pay this?

ahem ..... no

It must be an oversight so

Muckit

reilig wrote: »

ahem ..... no

It must be an oversight so

God, fair play, they don't seem to be making any money off of you Reilig! In my experience though, I've found BOI to charge for as much as they can get away with.

I know it's not farming related, but I'I just use this example to prove the point. We did a bucket collection fundraiser for the special olympics club that I'm involved with. When I went in to lodge the money to the account, they charged over €80 to count it (even though I'd it already bagged and counted correctly). I also had a job to get charitable status on the account, and when I eventually did, they still charge, albeit at a reduced rate. If they treat a charitable organisation like this, trying to do some good for the community, what chance does a farmer or anyone less have:o

reilig

Muckit wrote: »

God, fair play, they don't seem to be making any money off of you Reilig! In my experience though, I've found BOI to charge for as much as they can get away with.

I know it's not farming related, but I'I just use this example to prove the point. We did a bucket collection fundraiser for the special olympics club that I'm involved with. When I went in to lodge the money to the account, they charged over €80 to count it (even though I'd it already bagged and counted correctly). I also had a job to get charitable status on the account, and when I eventually did, they still charge, albeit at a reduced rate. If they treat a charitable organisation like this, trying to do some good for the community, what chance does a farmer or anyone less have:o

3 weeks ago I did a church gate collection for a charity that I'm involved in. Had over €600 in coins - bagged and all. Brought them to Local branch of BOI last friday. They didn't have to count them, just weight the bags and they gave me out cash for it .... for free. There's something wrong somewhere!!!!

Username John

Jaysus Reilig, you must owe BoI an absolute fortune to say they're being so nice to you, waving charges left right and centre...

Did you say you did a bit o development in the boom times?

reilig

Username John wrote: »

Jaysus Reilig, you must owe BoI an absolute fortune to say they're being so nice to you, waving charges left right and centre...

Did you say you did a bit o development in the boom times?

We have a mortgage, tractor loan, farm account, Land loan, car loan and some type of life assurance policy with them. Also had the FWMS bridging loan along with the 2 year FWMS loan with them which has recently been cleared. Myself and the MRS also have current accounts with them.
Never had issue with them.

Only development I did in Boom times was build a slatted shed.

funny man

reilig wrote: »

No.

I have never had a charge for anything with BOI - definitely not stamp duty on cheques either. The only exception to this is a €25 per year charge on my credit card which is for insurance against CC fraud - however my house insurance now covers this so I won't be paying it anymore. There used to be a tax on credit cards but I didn't get charged anything in the last 2 years.

NO credit card charge either, do you play golf with the manager?

snowman707

funny man wrote: »

NO credit card charge either, do you play golf with the manager?

the credit card charge and cheque charge are government levies, I think Reilig must BE the bank manager

BeeDI

And to think that poor auld Sean Quinn and Bernard mcnamara, took all the flak for busting the banks, when twas Reilig all along:D

BeeDI

Reilig, looks like the best days of BOI free banking are over. Biggest part of the catch here is you have to put minimum €3k into the current account each and every quarter to maintain free banking. Typically in my case anyway, is all the income is between October and March. So I will have at least two qtrs with no income. :mad::mad:

http://www.boards.ie/vbulletin/showthread.php?t=2056187979

Bank of Ireland has confirmed that some of its customers will face fees and charges for the first time.

Current account holders who do not make at least nine payments every quarter will have fees imposed on them.
From February 21 2011, Bank of Ireland customers will have to have a minimum turnover of least €3,000 per quarter going into their account and make nine payments or more every three months to avoid fees.

Customers can also avoid fees by maintaining a minimum credit balance of €3,000 during the quarter.
Customers who do not meet the new criteria will be charged 28 cent for each transaction.

The majority of the bank's 1.2 million current account holders will be subject to the new fees. 26% of customers will not be affected as they hold 'Golden Years' or student accounts. The bank says providing customers with current account facilities costs it money.

The changes have been criticised by the Consumers' Association.
Look at alternatives - consumer body
The National Consumer Agency has said that customers who are not happy with the new Bank of Ireland policy still had time to look at the changes and compare accounts available with other banks.

'Most current accounts that offer free banking have some conditions attached - and if you don't meet the conditions, you pay transaction fees.
This is already the case for Bank of Ireland current accounts - there have been conditions to getting free banking for some time,' said chief executive Ann Fitzgerald.

She said that even though there were fewer banks - just five - offering current accounts in the Irish market, it was still possible to avoid transaction fees.
The National Consumer Agency has up-to-date comparisons of current account fees, including details of how to qualify for free banking, at nca.ie.

reilig

BeeDI wrote: »

Reilig, looks like the best days of BOI free banking are over. Biggest part of the catch here is you have to put minimum €3k into the current account each and every quarter to maintain free banking. Typically in my case anyway, is all the income is between October and March. So I will have at least two qtrs with no income. :mad::mad:

Luckily I have an off farm job which contributes a little more than €3k every quarter to the account. I also do a lot of transactions online - certainly more than 9 each quarter. So I'm covered in both cases.

Anyway, Judging by most economists predictions we're either going to go bankrupt in a disorderly manner (total belly up) or in an orderly manner (Sinn fein's way) before 2013. Some are advising that the safest way to keep your money is in your matress cause if we do go bankrupt you'll lose what you have in the bank. So charges won't really matter if the worst comes to the worst. At least we'll have food if we have land.

5live

reilig wrote: »

Some are advising that the safest way to keep your money is in your matress cause if we do go bankrupt you'll lose what you have in the bank

I'm building up a nice collection of X lettered 50 euro notes, issued by the german central bank. Also some P (dutch) and N (austrian) notes as they are supposed to be safest:D

whelan1

well i wish the whiole thing would hurry up and go belly up, sooner rather than later.... hate all this money that is being pumped into anglo irish , its gone beyond a joke

5live

whelan1 wrote: »

well i wish the whiole thing would hurry up and go belly up, sooner rather than later.... hate all this money that is being pumped into anglo irish , its gone beyond a joke

+1. Death by 1000 cuts. At least when you hit the bottom you can get on with climbing back out. Found out yesterday my O/D is being halved this year. Really going to hammer my spring cash flow:mad:

reilig

Its scary enough though - Nobody knows how far off the bottom we are. Imagine if we did go bankrupt. Bank's would just lock their doors and switch off the ATM's. Every public sector employee would be unemployed. Cheques, credit cards, debit cards etc would be useless. Cash would be the only currency and prices would be supply and demand. Houses would be worthless. We could be back to a bartering system for food.

The real funny thing is I am just listening to Enda kenny on the radio. He says that Fg will create 20,000 jobs over the next 5 years. How could you create 20,000 jobs out of nothing - the last time we created 20,000 jobs was for the construction boom and that's what got us in this current mess.

I wonder if there is a way other than going bankrupt??

whelan1

5live wrote: »

+1. Death by 1000 cuts. At least when you hit the bottom you can get on with climbing back out. Found out yesterday my O/D is being halved this year. Really going to hammer my spring cash flow:mad:

what bank are you with , myo/d is ok til november -phew- but i am still in dire straits, roll on may/june

whelan1

reilig wrote: »

Its scary enough though - Nobody knows how far off the bottom we are. Imagine if we did go bankrupt. Bank's would just lock their doors and switch off the ATM's. Every public sector employee would be unemployed. Cheques, credit cards, debit cards etc would be useless. Cash would be the only currency and prices would be supply and demand. Houses would be worthless. We could be back to a bartering system for food.

The real funny thing is I am just listening to Enda kenny on the radio. He says that Fg will create 20,000 jobs over the next 5 years. How could you create 20,000 jobs out of nothing - the last time we created 20,000 jobs was for the construction boom and that's what got us in this current mess.

I wonder if there is a way other than going bankrupt??

if so would our loans and o/d's have to be honoured

BeeDI

whelan1 wrote: »

if so would our loans and o/d's have to be honoured

YES!!!:eek:

BeeDI

Anyone wondering why Axel Weber, has decided not to run for Trichet's job as head of ECB The much sought after top banker job in the EU, is now a very much poisoned chalice I suspect:(

keep going

jaysus i only asked about check book charge and now im all depressed listenin to you lot sher we been broke with along time. must be rainin everywhere judging by the replies

reilig

keep going wrote: »

must be rainin everywhere judging by the replies

PI$$ING

5live

BeeDI wrote: »

Anyone wondering why Axel Weber, has decided not to run for Trichet's job as head of ECB The much sought after top banker job in the EU, is now a very much poisoned chalice I suspect:(

He wasnt going to get the job apparently. There was little chance of a bundesbank man getting it as the mojority of ECB members wanted a more open system of financial management ie less emphasis on inflation and more on growth. The germans are fixated on avoiding inflation while the peripheral (PIIGS) need inflation to make our debts bearable. And there is little middle ground between the sides