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Free banking rules in AIB changed

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    #242
    Vahevala
    Registered Users Posts: 1,681 ✭✭✭Vahevala


    There are a lot of people like me who can't leave :( It gets very depressing knowing you are going to clobbered with charges and there isn't a thing you can do about it :(:(


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    #243
    28064212
    Registered Users Posts: 10,463 ✭✭✭✭28064212


    Vahevala wrote: »
    There are a lot of people like me who can't leave :( It gets very depressing knowing you are going to clobbered with charges and there isn't a thing you can do about it :(:(
    Why can't you leave?

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    #244
    Vahevala
    Registered Users Posts: 1,681 ✭✭✭Vahevala


    28064212 wrote: »
    Why can't you leave?

    Have an overdraft and an existing loan so as I can't pay either off, I have to stay..


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    #245
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭cookie1977


    Could try to apply for loan from UB to pay off overdraft on account and you can still then move and have the loans with aib. Speak with UB.


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    #246
    28064212
    Registered Users Posts: 10,463 ✭✭✭✭28064212


    Vahevala wrote: »
    Have an overdraft and an existing loan so as I can't pay either off, I have to stay..
    UB might have an option to transfer the overdraft to them, ask them. The loan isn't an issue

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    #247
    Vahevala
    Registered Users Posts: 1,681 ✭✭✭Vahevala


    28064212 wrote: »
    UB might have an option to transfer the overdraft to them, ask them. The loan isn't an issue

    It is, because the loan is debited from my AIB account. I also have a credit card with AIB. It is all there in my AIB account online.

    Not everyone can move these days..


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    #248
    28064212
    Registered Users Posts: 10,463 ✭✭✭✭28064212


    Vahevala wrote: »
    It is, because the loan is debited from my AIB account. I also have a credit card with AIB. It is all there in my AIB account online.

    Not everyone can move these days..
    So once you move your current account change the debit so it comes from UB. UB have a switcher team which will do all that automatically

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    #249
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭cookie1977


    Vahevala wrote: »
    It is, because the loan is debited from my AIB account. I also have a credit card with AIB. It is all there in my AIB account online.

    Not everyone can move these days..

    you can keep credit cards with aib. there's no new charges on them (I'm keeping mine there). And it'll be free to pay them off from UB online transfer.


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    #250
    Dodge
    Registered Users Posts: 10,160 ✭✭✭✭Dodge


    Vahevala wrote: »
    It is, because the loan is debited from my AIB account. I also have a credit card with AIB. It is all there in my AIB account online.

    Not everyone can move these days..

    I'm closing my AIB account next week. Card is staying there for a bit.

    There's absolutely no obligation to have a current account with the same bank that provides your credit card (its handier for most but nothing stopping you moving)


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    #251
    Vahevala
    Registered Users Posts: 1,681 ✭✭✭Vahevala


    Dodge wrote: »
    I'm closing my AIB account next week. Card is staying there for a bit.

    There's absolutely no obligation to have a current account with the same bank that provides your credit card (its handier for most but nothing stopping you moving)

    The overdraft would stop me moving as I can't see Ulster bank willing to let me transfer that and AIB happy to lose this?


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    #252
    flowerific
    Registered Users Posts: 177 ✭✭flowerific


    I got the switcher pack forms from UB, I had to double check with BOI that if I closed my current acc would I be able to keep open my credit cards, which they confirmed that I can. So switching to UB next week


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    #253
    Dodge
    Registered Users Posts: 10,160 ✭✭✭✭Dodge


    Vahevala wrote: »
    The overdraft would stop me moving as I can't see Ulster bank willing to let me transfer that and AIB happy to lose this?

    Worth a call to Ulster bank


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    #254
    JTMan
    Registered Users Posts: 5,537 ✭✭✭JTMan


    Andyfromclare wrote: »
    Yes you can set up direct debits. It is just like having an internet account. I plan to have my AIB mortgage payments debited from the KeyTrade account.

    I checked this out with ESB Electric Ireland.

    ESB restrict direct debits to sort codes that start with 9 (i.e. Irish sort codes). Hence, KeyTrade is not compatible with Irish utility companies.


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    #255
    Coriolanus
    Registered Users Posts: 4,879 ✭✭✭Coriolanus


    Fungus wrote: »
    Andyfromclare wrote: »
    Yes you can set up direct debits. It is just like having an internet account. I plan to have my AIB mortgage payments debited from the KeyTrade account.

    I checked this out with ESB Electric Ireland.

    ESB restrict direct debits to sort codes that start with 9 (i.e. Irish sort codes). Hence, KeyTrade is not compatible with Irish utility companies.
    What was the reasoning behind that I wonder?


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    #256
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    Proof of address

    - Electoral register.


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    #257
    JTMan
    Registered Users Posts: 5,537 ✭✭✭JTMan


    Nevore wrote: »
    What was the reasoning behind that I wonder?

    Minimise cost to ESB. So much for a single European market for banking.


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    #258
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭cookie1977


    nlgbbbblth wrote: »
    Proof of address

    - Electoral register.

    I wouldn't accept the register of electors as proof of address as it's possible to be on the register at one address but live somewhere else.
    You could have moved home and not removed yourself from the register nor might the new owners/tenents


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    #259
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    cookie1977 wrote: »
    I wouldn't accept the register of electors as proof of address as it's possible to be on the register at one address but live somewhere else.
    You could have moved home and not removed yourself from the register nor might the new owners/tenents

    The address on the electoral register needs to match the address provided on the account opening form.

    Same as the address on whatever verification document needs to match the address provided on the account opening form.


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    #260
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭cookie1977


    nlgbbbblth wrote: »
    The address on the electoral register needs to match the address provided on the account opening form.

    Same as the address on whatever verification document needs to match the address provided on the account opening form.

    Was your proof of address comment in reply to someone? I thought it was a query.


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    #261
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    cookie1977 wrote: »
    Was your proof of address comment in reply to someone? I thought it was a query.

    Sorry - I wasn't clear.

    It was in response to a previous poster who was wondering about utility bills being in other tenants' names. Obviously not acceptable so I was suggesting that the electoral register might be an option


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    #262
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭cookie1977


    nlgbbbblth wrote: »
    Sorry - I wasn't clear.

    It was in response to a previous poster who was wondering about utility bills being in other tenants' names.

    Cool, no worries ;)


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    #263
    Nermal
    Registered Users Posts: 2,614 ✭✭✭Nermal


    Fungus wrote: »
    Minimise cost to ESB. So much for a single European market for banking.

    It will be implemented from the start of 2014 AFAIK. There will be a lot more competition/mergers from that date on I think.


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    #264
    JTMan
    Registered Users Posts: 5,537 ✭✭✭JTMan


    Nermal wrote: »
    It will be implemented from the start of 2014 AFAIK. There will be a lot more competition/mergers from that date on I think.

    Wasn't SEPA introduced on January 1st 2012 that was supposed to help create a single market? What is the name of legislation that will be effective from January 1st 2014? Will the proposed legislation force Irish utility companies to allow direct debits from an European bank?

    The sooner Irish consumers can choose any European bank, the sooner real competition begins.


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    #265
    shoegirl
    Registered Users Posts: 2,018 ✭✭✭shoegirl


    Elessar wrote: »
    Looks like it's true. NIB will be charging fees and forcing customers to change to different accounts :mad: But it looks like they're all heading the same way, including Ulster Bank:



    http://www.independent.ie/business/irish/national-irish-bank-ends-feefree-banking-on-all-current-accounts-3038435.html

    The NIB situation is particularly galling, as the level of charges being introduced are very high if you don't change to one of the premium accounts. The accounts being changed over are all of the low-end accounts that would have been mainly for low to middle income earners, leaving the only alternatives as the premium accounts. Whats most annoying is that the fees imposed on the 24x7 "basic" account is actually higher than the fees on the premium accounts, which essentially attacks those least likely to meet the acceptance criteria for the premium accounts. And having to change all of your direct debits etc is a nuisance many will pay a higher fee to avoid - very underhand and exploitative of NIB. A shame for a bank who previously looked after the customer. A real step back to the dirty, underhand bank of the days of Beverly Cooper Flynn and bogus offshore accounts, etc.


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    #266
    shoegirl
    Registered Users Posts: 2,018 ✭✭✭shoegirl


    cookie1977 wrote: »
    Could try to apply for loan from UB to pay off overdraft on account and you can still then move and have the loans with aib. Speak with UB.

    This has clearly been written by somebody who has never experienced the joy of having such an experience of having an overdraft and multiple borrowings in arrears. No bank will even look at your application, especially if you are out of work. In my case I couldn't get a cent of credit for about 2 years, even though I'd paid most things off completely. That was at the height of the boom, I can only imagine the hell it must be now.


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    #267
    Nermal
    Registered Users Posts: 2,614 ✭✭✭Nermal


    Fungus wrote: »
    Wasn't SEPA introduced on January 1st 2012 that was supposed to help create a single market? What is the name of legislation that will be effective from January 1st 2014? Will the proposed legislation force Irish utility companies to allow direct debits from an European bank?

    The sooner Irish consumers can choose any European bank, the sooner real competition begins.

    I agree. I couldn't actually tell you the legislation I'm afraid. I do know that national payment schemes (and our non-SEPA DD scheme is one) are to be shut down from 2014, so SEPA DD will obviously need to be in place from then.


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    #268
    Vahevala
    Registered Users Posts: 1,681 ✭✭✭Vahevala


    shoegirl wrote: »
    This has clearly been written by somebody who has never experienced the joy of having such an experience of having an overdraft and multiple borrowings in arrears. No bank will even look at your application, especially if you are out of work. In my case I couldn't get a cent of credit for about 2 years, even though I'd paid most things off completely. That was at the height of the boom, I can only imagine the hell it must be now.

    Have to agree with you on this one. I would have no chance of getting a loan, they would tell me to get stuffed.. in recent months, I have applied for a credit card and once they see that I have an overdraft. It is a firm thanks but no thanks. :(:(


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    #269
    wailim_2002
    Registered Users Posts: 68 ✭✭wailim_2002


    Elessar wrote: »
    I haven't been charged any fees with NIB. I'm on their FreeBank a/c which is a good few years old (before they were bought by Danske Bank). I wonder if they will apply to me? Any other freebank customers here?

    I bet my bottom dollar Ulster will start charging fees soon.

    I agree -- I have NIB's Freebank current account and have not been charged fees since I moved to them in 2004!

    However I have been contemplating a move due to their ridiculous "Cashless Bank" position and their soon to be "Chequeless Bank" position. I also did not like how difficult it is to get a Bank draft from them! (It has to be ordered specially)

    The Note we got in the door revealing this new "small point" about fees was hilarious.... "We are a great bank etc etc...".... Page 2.... "On June 1st you will be moved from Freebank Current a/a to Not-Freebank a/c ... This will just be €4.95 + fees and represents great value".

    Why on earth didn't they just write a note stating "Regrettfully we will be abolishing free banking?"

    Anyhow, fees include every debit card transaction = 20c!!

    Also, the 24/7 account they picked is not a match as it doesn't have a chequebook facility! The next account up that does have chequebook facility is €18.95 per quarter + FEES.

    I agree the other banks seem to be charging too but there is no way I intend to stay with NIB and pay for a cashless / chequeless bank with too few branches whereby you have to queue at the post office for ages to deposit cash or cheque.


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    #270
    wmpdd3
    Registered Users Posts: 9,624 ✭✭✭wmpdd3


    Openen my account with boi as i would get free banking going by their current rules. The guy who opened the account asked why i was switching, when i told him he asked what would i do if they changed their conditions, i told him i'd leave! Cant say it was straight forward but ill get through it. The reason they dont do online current account set up is so they can get you in to the bank for a life insurance sales pitch.


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    #271
    wonski
    Registered Users Posts: 13,687 ✭✭✭✭wonski


    For anyone who is thinking of switching their account to Ulster Bank i would advice to go in person, with photo ID, and any bill, or revenue letter. This would speed the process up a lot. Online applications end up with need to go to branch in person, anyway. Visa debit card is great, and free banking, including any atms in Ireland. Even got credit card, with fairly low limit, but as a foreigner with six months history with them, couldn't complain. Also Regular saver account, with good return rate, is available for free, and you can move money between both accounts online. Hope they keep up to their standards, to beat the competition up.

    PS Branches opened on Saturday mornings! What a difference!


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