So... I'm curious... Who DID actually switch banks?

fartyarse

Between Ulster Bank and AIB bringing in all these new charges and fees, I'm curious, of those who posted whinging about the introduction/increase of fees, who has actually taken the plunge and switched banks (presumably to TSB)?

Nervous Wreck

I've switched over my DDs and am hoping to get into AIB tomorrow to close my account. I already had a ptsb account but was planning on keeping my aib account too but it just ain't worth it for me. I don't make enough money to pay those charges.

The_Morrigan

fartyarse wrote: »

Between Ulster Bank and AIB bringing in all these new charges and fees, I'm curious, of those who posted whinging about the introduction/increase of fees, who has actually taken the plunge and switched banks (presumably to TSB)?

I have.
After 28 years with BOI I left them last week after 70 euro was debited in fees.

vitani

I've an appointment with PTSB this week to switch.

cripesonfriday

We left BOI last week after a €90 charge. Was told it was still free banking if we kept €3,000 in the account. Who the hell has three grand they can just let sit in an account these days.

The lady in TSB we were talking to said they'd had a steady stream of people in switching, and a lot of calls.

FizzleSticks

This post has been deleted.

The_Morrigan

cripesonfriday wrote: »

We left BOI last week after a €90 charge. Was told it was still free banking if we kept €3,000 in the account. Who the hell has three grand they can just let sit in an account these days.

The lady in TSB we were talking to said they'd had a steady stream of people in switching, and a lot of calls.

Or in my case a spare 6k as I have two accounts. ...noone has that kind of money spare and if they did it wouldn't be in a current account as you get no interest on it.

I'll be leaving in the next month or two, other priorities at the moment.

fartyarse

The_Morrigan wrote: »

I have.
After 28 years with BOI I left them last week after 70 euro was debited in fees.

Woah! Any regrets so far? I moved from Ulster Bank to TSB a few weeks ago. Preferred the UB setup but it wasn't worth 36 euro a year to me!

cookie1977

Left AIB after 20 years last summer to go to BOI. Left them in October last year when they introduced fees with unworkable avoidance. Now with ulster bank and while fees are coming in it's workable for me to avoid them but if not I'll leave for PTSB. As long as there's a free/cheaper option I'll move. To date I've avoided fees by leaving AIB and BOI just before they were introduced.

The_Morrigan

fartyarse wrote: »

Woah! Any regrets so far? I moved from Ulster Bank to TSB a few weeks ago. Preferred the UB setup but it wasn't worth 36 euro a year to me!

Not at all!!
My BOI account was down the country, all my dealings were online, standing orders, direct debits etc. I cant justify 70 euro per quarter.
The only thing left with them is my mortgage.

2012paddy2012

fartyarse wrote: »

Between Ulster Bank and AIB bringing in all these new charges and fees, I'm curious, of those who posted whinging about the introduction/increase of fees, who has actually taken the plunge and switched banks (presumably to TSB)?

I had accounts with ulster bank I had D/D set up etc .. I closed accounts I set up mortgages direct debits etc etc with the credit union and there are no charges all work fine. I got my wages paid into c union too and now it's a quicker walk on pay day to c. Union as its nearer to me than the ulster bank ! No charges except for yearly govt charge on visa. I never had a ATM card as I refuse to pay charges. All well for meðŸ˜႒

stezie

Looking at switching myself alright.

does any one know if you can keep the AIB credit card and have your current account in TSB? or does everything need to be with the one bank?

2012paddy2012

vitani wrote: »

I've an appointment with PTSB this week to switch.

Prob rope ya in and start charging fees when yr set up !! Most expensive mortgages etc

cookie1977

stezie wrote: »

Looking at switching myself alright.

does any one know if you can keep the AIB credit card and have your current account in TSB? or does everything need to be with the one bank?

Yes you can. We have aib credit cards and are with Ulster Bank.

oldyouth

2012paddy2012 wrote: »

Prob rope ya in and start charging fees when yr set up !! Most expensive mortgages etc

With Permanent TSB for many years. No fees for me. Never set foot in the place as they have excellent online banking. Both my sons went to college in Dublin and I often got a call from them as they stood by an ATM, asking for "emergency" money. Transferred to their accounts immediately.

Tar.Aldarion

FizzleSticks wrote: »

I'm actually thinking of switching from TSB to Ulster Bank to avoid charges because I'm not a high earner, but it looks like I'll have to check out these new charges anyway just to make sure.

Think you need to deposit 1500 per month, so withdraw some of your wage and deposit it again each month. Free banking

LeinsterDub

Left Danske as their service level was shocking 4 months trying to open a joint account. 30 minutes with ptsb

Mrs Garth Brooks

What's the best/cheapest/free bank to join?

Im with AIB, use it very little as im unemployed, no wages going in or out, no direct debits.

I finished my college course last year and its still a student account and everything is free, its great. But as soon as I get work, it may change. They might cop on when they see my wages going in and start charging me.

Their fees are expensive. Im thinking about setting up a new account and have it ready to have my wages put in.

timetogo

2012paddy2012 wrote: »

Prob rope ya in and start charging fees when yr set up !! Most expensive mortgages etc

You don't have to get your mortgage from the bank you have an account with.

I switched the old fashioned way. I opened a new account, transferred all automatic bills to the new one and waited a couple of months. Just closed my AIB acct on Monday.

I had my AIB acct for 25 years, have had my wages going through it for about 20. Paid a fortune in CC interest over the years.

Opening the new account took about 15 mins to fill the form. About 3 phone calls for the couple of bills I have set to come out automatically and 15 minutes to go into AIB and ask them to close off the accounts.

quaalude

I left AIB last year, (20 years a customer) for Ulster Bank.
I upgraded my Ulster Bank account to a uFirst account to take advantage of the free iPhone insurance it offers, so I pay a tenner a month for my account.

Scortho

As a college student I get free banking with aib.
When that stops however, I will be looking for the cheapest provider

vitani

2012paddy2012 wrote: »

Prob rope ya in and start charging fees when yr set up !! Most expensive mortgages etc

Possibly but it would be a bit foolish on their part to. The customers that they're getting now have already proved that they'll switch banks if they can get a better offer somewhere else.

the_syco

Nervous Wreck wrote: »

I don't make enough money to pay those charges.

Once you put €1500 a month, it's no fee 's in PTSB.

cripesonfriday wrote: »

Was told it was still free banking if we kept €3,000 in the account. Who the hell has three grand they can just let sit in an account these days.

The thing is, you'd be a fool to leave it in the bank, as other places could give you better returns!

FizzleSticks wrote: »

This post has been deleted.

Happy to see the Ulster Bank closures are not affecting your move...

murphaph

I've closed all my AIB accounts and am in the process of moving my UB stuff to BoI (as an interim measure only-still cheaper for me than UB). From February (SEPA deadline-can switch remaining Irish DDs and SOs to German account from then on without the bank ) I will move everything to my German accounts and close my BoI one and that will be my last Irish bank account closed. My German bank charges me nothing and there are no conditions to meet to get that. I can open new accounts "on the fly" on line and close them when no longer needed. Very flexible.

2012paddy2012

Tar.Aldarion wrote: »

Think you need to deposit 1500 per month, so withdraw some of your wage and deposit it again each month. Free banking

And a free 1500 euro for the bank to invest ! No interest for you on your money tho ! It's important to keep them with their pecks and mercs!!

Go local credit union community service 😊

2012paddy2012

quaalude wrote: »

I left AIB last year, (20 years a customer) for Ulster Bank.
I upgraded my Ulster Bank account to a uFirst account to take advantage of the free iPhone insurance it offers, so I pay a tenner a month for my account.

120 a year ! Fair play

Scortho

murphaph wrote: »

I've closed all my AIB accounts and am in the process of moving my UB stuff to BoI (as an interim measure only-still cheaper for me than UB). From February (SEPA deadline-can switch remaining Irish DDs and SOs to German account from then on without the bank ) I will move everything to my German accounts and close my BoI one and that will be my last Irish bank account closed. My German bank charges me nothing and there are no conditions to meet to get that. I can open new accounts "on the fly" on line and close them when no longer needed. Very flexible.

Do you have to be resident in Germany for this?
Or could someone living in Ireland run 100% of their transactions out of another country?

timetogo

2012paddy2012 wrote: »

And a free 1500 euro for the bank to invest ! No interest for you on your money tho ! It's important to keep them with their pecks and mercs!!

Go local credit union community service 😊

While I don't like bank charging fees and I'll do everything I can to avoid them. I can see the point of loss making organisations upping fees.

AIB lost €3.8bn last year. I know this was because of idiocy and total mismanagement but it's still a business (well in theory anyway). Unless the taxpayer wants to bail the banks out again the banks need to start making money.

I don't think all of the fees are going on perks and mercs.

Your first point is valid though. For me €1500 is worth about €5.65 a month off my mortgage if I pay it off the mortgage rather than leave it sitting in a bank account to save €4 a month in bank fees. I'm not on a tracker though so I'm paying real interest on my mortgage.

vitani

timetogo wrote: »

Your first point is valid though. For me €1500 is worth about €5.65 a month off my mortgage if I pay it off the mortgage rather than leave it sitting in a bank account to save €4 a month in bank fees. I'm not on a tracker though so I'm paying real interest on my mortgage.

With PTSB, you don't have to leave it in your account though. There just has to be deposits equalling €1500 going in. You can withdraw the money straight away and put it into savings/a mortgage etc.

They seem to be going after customers with a regular salary coming in, probably in the hope that by offering them a free current account, they'll take out other products in the future which will generate more revenue for them.

Toulouse

Left AIB last year when they brought in fees.

Then UB had their IT glitch so within the month left UB and I switched to PTSB.

Was a bit of a pain but nothing too bad, once I'd switched once I knew it would be easy to do again. The salary dept. nearly killed me though

howamidifferent

I opened my PTSB account yesterday and will close my 30 year old AIB account before the end of the month.

Delta2113

HardLuckWoman wrote: »

What's the best/cheapest/free bank to join?

Im with AIB, use it very little as im unemployed, no wages going in or out, no direct debits.

I finished my college course last year and its still a student account and everything is free, its great. But as soon as I get work, it may change. They might cop on when they see my wages going in and start charging me.

Their fees are expensive. Im thinking about setting up a new account and have it ready to have my wages put in.

http://www.ebs.ie/daily-banking/ebs-moneymanager-account-a-debit-card.html

Might be your best choice.

Tar.Aldarion

Just set one up with tsb when you get a job.

murphaph

Scortho wrote: »

Do you have to be resident in Germany for this?

No, but you have to find a bank that will open an account for you from abroad. My bank will open an account for non-residents officially. They even explain how you identify yourself from abroad, BUT you have to be able to communicate in German with them or they are not interested.

Scortho wrote: »

Or could someone living in Ireland run 100% of their transactions out of another country?

From February there will be no difference between domestic accounts and accounts/payments elsewhere in the SEPA. If you can open an account in Germany etc. you will be able to use it for everything you could use an Irish account for.

There are big changes coming!

wmpdd3

I whinged!

I left AIB for BOI
Left BOI for PTSB
and I have no qualms about leaving if they bring in senseless fees.

A business is a business, but I bank online. I pay electronically, if they only charged for cash withdrawals, I'd still be happy, but to charge me for receiving a payment into my account, the nerve!

I'm still laughing at the bloke trying to sell me a savings account when I went in to cancel my current account in BOI, as if.

I have also switched 3 friends accounts, but some friends that really cant afford the charges just will not move then account because the are terrified that they will not get their disability / pension / child benefit and their family wont eat.

Scortho

murphaph wrote: »

No, but you have to find a bank that will open an account for you from abroad. My bank will open an account for non-residents officially. They even explain how you identify yourself from abroad, BUT you have to be able to communicate in German with them or they are not interested.


From February there will be no difference between domestic accounts and accounts/payments elsewhere in the SEPA. If you can open an account in Germany etc. you will be able to use it for everything you could use an Irish account for.

There are big changes coming!

Hmm How good must your German be? I've leaving cert German, but have only spoken it for 4 days in the last 3 years when I was in Berlin. Got on fine speaking with locals and stuff, but it was broken and my grammar may have been a bit iffy.

murphaph

Scortho wrote: »

Hmm How good must your German be? I've leaving cert German, but have only spoken it for 4 days in the last 3 years when I was in Berlin. Got on fine speaking with locals and stuff, but it was broken and my grammar may have been a bit iffy.

I've never had to speak to them. All communication so far has been written.

Scortho

murphaph wrote: »

I've never had to speak to them. All communication so far has been written.

Great ill look into it then when sepa comes on board.
Cheers.

rovoagho

In the process of moving from Ulster to PTSB. Switchover pegged for the 10th. Brought the wife with me. I'll probably end up paying fees at PTSB anyway, at least until the new year, but moved on principle, to send a message. If - when - PTSB put their fees up, I'll move again.

Anyone that posted in those AIB or BOI threads that /didn't/ move deserves all they get. The length of this thread in comparison to those would seem to support the theory that we're a nation of whingers, not doers. It's an embarrassment to me as an Irishman.

heroics

I moved last week from BOI after 20 years to PTSB. All seems to have gone grand so far

wmpdd3

The people I know who didn't move are the people who availed of services that the bank offered like over drafts etc that served to just tie the customer to the bank.
Never get tied to a bank, tray them like utilities providers and switch every year for a cheaper offer!

_Kaiser_

I've been with AIB about 20 years and did setup a UB account when the fees came in so I could switch over.
Luckily for me I hadn't done any of the DD transfers as 2 weeks later the IT "glitch" happened so that plus a few other reasons led me to close the a/c again

This PTSB offer looks good but I have an overdraft, credit card and loan with AIB that would have to stay where they are. Would I still not get badly stung for fees anyway?
The credit card could be cleared and closed easy enough, but what are PTSB like for getting one from them? How about an overdraft facility?

What's their online banking like in comparison to AIB as this is where I do most of my banking?

The_Morrigan

Kaiser2000 wrote: »

I've been with AIB about 20 years and did setup a UB account when the fees came in so I could switch over.

Luckily for me I hadn't done any of the DD transfers as 2 weeks later the IT "glitch" happened so that plus a few other reasons led me to close the a/c again

This PTSB offer looks good but I have an overdraft, credit card and loan with AIB that would have to stay where they are. Would I still not get badly stung for fees anyway?

The credit card could be cleared and closed easy enough, but what are PTSB like for getting one from them?

I have debt with BOI and when I was in with PTSB they offered me a credit card and to set up an overdraft etc.

You will pay fees on your loan (interest payments) and on your credit card (interest + govt stamp duty), these are not connected to your current account fees in anyway.
Your overdraft, if you are using it, then you will either need to pay if off over time, keeping the account open and you'll be subjected to fees. Or you could opt for an overdraft with PTSB if you qualify and just pay it off using that.

bumper234

Have been with AIB 27 years and i have just set up a meeting for next week on PTSB Grafton Street to get switched over €67 in fees AIB can kiss my fat white hairy ass:mad:

cookie1977

Kaiser2000 wrote: »

I've been with AIB about 20 years and did setup a UB account when the fees came in so I could switch over.
Luckily for me I hadn't done any of the DD transfers as 2 weeks later the IT "glitch" happened so that plus a few other reasons led me to close the a/c again

This PTSB offer looks good but I have an overdraft, credit card and loan with AIB that would have to stay where they are. Would I still not get badly stung for fees anyway?
The credit card could be cleared and closed easy enough, but what are PTSB like for getting one from them? How about an overdraft facility?

What's their online banking like in comparison to AIB as this is where I do most of my banking?

I still have my AIB credit cards while my banking is done through UB. I can access my AIB credit card stuff through 24hr banking and online and it's easy to clear the balance on the credit card from online with UB. No need to cancel them unless you want to.

The_Morrigan

cookie1977 wrote: »

I still have my AIB credit cards while my banking is done through UB. I can access my AIB credit card stuff through 24hr banking and online and it's easy to clear the balance on the credit card from online with UB. No need to cancel them unless you want to.

On that...if you are doing an overhaul of banking facilities, it may be worth doing a comparison of credit cards on www.bonkers.ie. The switch to another one may give you interest free months or a lower rate etc, so always good to do a review of these at regular intervals.

quaalude

2012paddy2012 wrote: »

120 a year ! Fair play

I was quoted €12 a month for iPhone insurance from 02, so it's cheaper than that.
I use the Ticketmaster 25% cashback service a fair bit too - I've got a total cashback of €90.34 for the year so far.

FaganJr

In the process of switching at the moment after 20 odd years with BOI!

murphaph

Kaiser2000 wrote: »

This PTSB offer looks good but I have an overdraft, credit card and loan with AIB that would have to stay where they are. Would I still not get badly stung for fees anyway?
The credit card could be cleared and closed easy enough, but what are PTSB like for getting one from them? How about an overdraft facility?

I closed 3 AIB accounts but kept their CC as I had built up a "decent" limit that would be hard to get elsewhere (as a non-resident I also pay nothing for the CC as the stamp duty is only payable by residents). I even kept the online banking just for the CC which is very handy.

They have to issue a new PAC for some reason and then your card reader won't work with the CC so they'll issue a code card on request (you only need that to print off statements or change your address etc., not to just view your recent transactions/balance).

Daith

Yes I switched to PTSB too after 10+ years with AIB. I'm keeping the credit card though.