Free Banking, Not as you know it.

harolds57

Now that the 16th of November 2012 is fast approaching what steps are you going to take so to reduce your banking fees. The different scenarios I was thinking are

1) Move bank to a bank that offers free banking with no conditions

2) On pay day go to the bank and withdraw pretty much all your money you will need in one go to do you for the month and only have that one transaction fee of 29 cent and deal in cash for the month

3)Go with one of the plans they have which works out about €42 a year and hope to keep within the amount of transactions they have you limited to.

4)Continue using as normal until you get your first bill in for the first quarter and then flip.

On point number 2 BOI if you go into the bank on one of their cashless days do these machines let you draw out more than €500 euro in one transaction or does the daily limit apply? in which case you will have to have someone at the window to dispense larger amounts of cash.It will be back to the good old days on pay day of queues outside the door.

Bank of Ireland: Pat

Hi harolds57,

The existing daily withdrawal limit on ATM transactions will still apply.

Thanks
Pat