Ulster bank to start charging €4 per month for account

Drakares

LOLage

To continue to provide all the benefits of Ulster Bank current accounts, a monthly maintenance fee of €4 is being introduced on 1 July 2013.

Oh, no they di'int! Pack your bags, Ulser (see what I did there) seek to blag yer cash while 'benefiting' you with basic IT blunders that leave your account inaccessible for weeks.

Should rename to 'cool story bank'.

cgordonfreeman

Wow.

krudler

Do they charge monthly fees for using your laser/visa debit too? like transaction fees?

kylith

Is this one of those 'if you're too poor to deposit a huge amount of money every week, then we're going to charge you, you pov' things?

smcgiff

PTSB - Free and will pay up to €15 in interest per annum. Not huge, but better than the other way around.

However, if you pay €1,500 into UB every month then there isn't a charge. €1,500 isn't too hard.

lkionm

We have two waivers in place to help you avoid the fee. A waiver simply means that the monthly maintenance fee will not be charged to your current account once you meet certain criteria. You need to meet only one waiver to avoid the fee.

http://www.ulsterbank.com/roi/personal/daily-banking/current-accounts/useful-information/monthly-fees/waivers.ashx

Would many of ye lodge/ get paid 3000 a month?

Ryu Hayabusa

The Unionist bank.

They take our counties and now our money

Kristopherus

smcgiff wrote: »

PTSB - Free and will pay up to €15 in interest per annum. Not huge, but better than the other way around.

However, if you pay €1,500 into UB every month then there isn't a charge. €1,500 isn't too hard.

Or if you have 3k in the account all the time, which, for some people, may be a bit more difficult.

kylith

smcgiff wrote: »

However, if you pay €1,500 into UB every month then there isn't a charge. €1,500 isn't too hard.

Yes it is, to anyone earning a small wage, it's €375 a week. I'm very glad for you that you have the best part of four hundred quid every week that you've nothing to do with, but for a lot of people it's a massive chunk of their wages.

SEPT 23 1989

no holidays this year then:(

Tar.Aldarion

smcgiff wrote: »

PTSB - Free and will pay up to €15 in interest per annum. Not huge, but better than the other way around.

However, if you pay €1,500 into UB every month then there isn't a charge. €1,500 isn't too hard.

Don't you need the 1500 for ptsb too?
That is pretty hard for some people (those on minimum wage don't get that much)
For most it is great and they should switch to there.

vandriver

smcgiff wrote: »

PTSB - Free and will pay up to €15 in interest per annum. Not huge, but better than the other way around.

However, if you pay €1,500 into UB every month then there isn't a charge. €1,500 isn't too hard.

But 3 grand is twice as hard.

lkionm

SEPT 23 1989 wrote: »

no holidays this year then:(

Over the course of the full year, they take 48 euro. I would like to know where you go for holidays on 48euro as that wont even fill my car with petrol.

bigron2109

Was only a matter of time i suppose since most of the other banks have followed suit.

FamousSeamus

Well I'm moving banks...prob is I don't know which bank would be best to move to

Fratton Fred

FamousSeamus wrote: »

Well I'm moving banks...prob is I don't know which bank would be best to move to

Or go for the ufirstgold account and for €14 per month get annual travel and mobile phone insurance plus no charges.

VinLieger

Fantastic maybe this means i can finally close my Ulster bank account. Was working it down with the intent of closing it years ago until there was like 9 cent left in which they wouldnt give me as you need a certain amount to be able to withdraw, then when i asked them to just close it and they said that it costs however much to close it which i wasnt arsed spending.
So anyway ive been receiving quarterly statements of how my 9 cents been doing for the past 8 years, needless to say it hasnt really appreciated any interest but im hoping with all this they might just let me close it at last sans any fee or maybe my 9 cent will cover it

summerskin

lkionm wrote: »

http://www.ulsterbank.com/roi/personal/daily-banking/current-accounts/useful-information/monthly-fees/waivers.ashx

Would many of ye lodge/ get paid 3000 a month?

Yes, and probably a lot more of us than you think.

Blured

May be of use to people, but I have a Ufirst account with Ulster Bank. They charge me a tenner a month, but I get other benefits. The main one is insurance on my phone, but there are others (25% off ticketmaster, etc)

lkionm

summerskin wrote: »

Yes, and probably a lot more of us than you think.

Sure, no recession around here so, ye can pay the 4euro, make it a round 5 for the laugh.

Well I'm sure married people would, but would single people?

smcgiff

smcgiff wrote: »

However, if you pay €1,500 into UB every month then there isn't a charge. €1,500 isn't too hard.

It's 3k, not 1.5k

Anyway it's 3k total, if you have savings or anytihng, you can switch them back and forth to hit the target

Sonics2k

All banks charge quarterly fees, just Ulster Bank will do it once a month.

Still bet than AIB who charge you for everything possible.

summerskin

lkionm wrote: »

Sure, no recession around here so, ye can pay the 4euro, make it a round 5 for the laugh.

Well I'm sure married people would, but would single people?

That's a single wage, my partner stays at home with the kids. Lots of people earn over that amount.

As it is, like another poster on the thread, I pay a tenner a month for the uFirst account. You get benefits that are worth the money, I saved over €100 just on buying tickets from ticketmaster last year.

MurdyWurdy

Sonics2k wrote: »

All banks charge quarterly fees, just Ulster Bank will do it once a month.

Still bet than AIB who charge you for everything possible.

Is there anyway to avoid the AIB fees at all, or reduce them? I left the country and had free banking with AIB (if you used your laser card once a month or something like that), returned after a few years and have started getting fee letters from AIB with ridiculous charges on them. I didn't realise fees had come back until I got this

MisterAnarchy

So are there any banks left with no fees ?

FamousSeamus

so wait if I have over e3,000 in my account I won't get charged?

Tar.Aldarion

MisterAnarchy wrote: »

So are there any banks left with no fees ?

If you have an old TSB account there are no fees and no conditions.

The rest, only if you have a certain amount in your account or a certain amount lodged that month. One free bank account I have is a rabo direct savings account, something like 2.5% interest and can withdraw any time, they gave me 30 euro to open it. no visa with that kind of account however (can use paypal).

the groutch

"Bank in charging for providing a service shocker!"

returnNull

Do credit union's do direct debits?

smash

Any way to get companies to start paying in cash again? This is getting ridiculous!

lkionm

the groutch wrote: »

"Bank in charging for providing a service shocker!"

I don't think you really understand what banks do with your money. They dont keep all your money locked in a safe.

They keep 10% of it and use the other 90% to creating loans each with a 10% reserve. So if you lodge 100 into the bank, they hold 10 and use the other 90 for loans, so creating money.

Yamanoto

I'm just glad Henry Hippo isn't alive to see this

Remmy

Ulster bank says no!...more free banking

TPD

Bit of a dick move on UB's part. So I should be OK moving 3k from savings into and back out of the current account once a month?

Tar.Aldarion

TPD wrote: »

Bit of a dick move on UB's part. So I should be OK moving 3k from savings into and back out of the current account once a month?

Yeah I think so, confirm it with them. It's supposed to work with the tsb accounts.

Stone Deaf 4evr

TPD wrote: »

Bit of a dick move on UB's part. So I should be OK moving 3k from savings into and back out of the current account once a month?

Ridiculous if you have to be doing transfers every month to avail of free banking,

Why cant they just take all your accounts into consideration and apply the waiver then?

It is a business though? They are providing you with a service so why not charge? Would you charge someone for your services? People are weary to deposit money they dont have anymore so they cant give out that many mortgages or loans so they arent gettin as much revenue as they previously were so they need to generate some! Hence why you shall be charged for the use of their services, kinda makes sense?

TPD

Just off the web chat to them, their advice is to ring and ask someone who knows the answer.

B.A._Baracus

Sirsok wrote: »

It is a business though? They are providing you with a service so why not charge? Would you charge someone for your services? People are weary to deposit money they dont have anymore so they cant give out that many mortgages or loans so they arent gettin as much revenue as they previously were so they need to generate some! Hence why you shall be charged for the use of their services, kinda makes sense?

would you ever go and ... :rolleyes:

banks make millions off peoples hard earned cash but since alot of people aint getting mortgages anymore its "ok" to fleece people more with this charge?

even tho they will still charge you anytime you use your atm. do you work for a bank?

NobodyImportant

I was going to switch from AIB to UB to avail of free banking, guess thats a no go now.

B.A._Baracus

B.A._Baracus wrote: »

would you ever go and ... :rolleyes:

banks make millions off peoples hard earned cash but since alot of people aint getting mortgages anymore its "ok" to fleece people more with this charge?

even tho they will still charge you anytime you use your atm. do you work for a bank?

Nope but it was explained to me before as I was in shock when I recieved my first charge after being a student, was in oz and my account had a monthly 10 dollar charge which I couldnt comprehend and that was the way it was explained to me....alternatively you could store your money in a matress for free?

wandatowell

The old chap got an email yesterday relating to the €4 charge.

If you are over 60 you will not be paying the €4 monthly fee

B.A._Baracus

Sirsok wrote: »

Nope but it was explained to me before as I was in shock when I recieved my first charge after being a student, was in oz and my account had a monthly 10 dollar charge which I couldnt comprehend and that was the way it was explained to me....alternatively you could store your money in a matress for free?

i bet you 4 euro you dont have an ulster bank account...

OneArt

Boo hoo, most German banks charge something similar. Irish people seemed to have been a little spoiled with their banking last decade.

B.A._Baracus

B.A._Baracus wrote: »

i bet you 4 euro you dont have an ulster bank account...

I dont but I assure you good sir, we get hit hard at times in my current institution Im not saying I agree with it but I certainly understand it

amacca

OneArt wrote: »

Boo hoo, most German banks charge something similar. Irish people seemed to have been a little spoiled with their banking last decade.

Perhaps .. But that's over now ... Now it's time to get lubed up and prepare to take it where the sun don't shine without even the common courtesy of a reach around. This 4 euro charge is just foreplay.

msg11

wandatowell wrote: »

The old chap got an email yesterday relating to the €4 charge.

If you are over 60 you will not be paying the €4 monthly fee

Why ? If anything, someone over 60. So they use my money to make money and now they want me to pay them money on top of the money they make off my money. **** off will ye.

Catphish

If you have an old TSB account there are no fees and no conditions.

I have an old tsb account. Just sayin' :cool:

Tar.Aldarion

Catphish wrote: »

I have an old tsb account. Just sayin' :cool:

Yeah its great, love that they just kept it free for us.


Banks already make money from having your money in them in the first place, if only people would always switch to the cheapest

Paramite Pie

OneArt wrote: »

Boo hoo, most German banks charge something similar. Irish people seemed to have been a little spoiled with their banking last decade.

Well I guess we're officially part of Germany now? I believe it's wrong in any country considering we already pay for every transaction or service we use.

They don't even keep our money in the banks, they give it to other people for loans. So they make enough money from the interest on that.

Tar.Aldarion

You pay for every transaction? :eek: