NIB Bank Charges

JOBSOXO · 31-01-2012 05:36PM #1

Anyone heard about changes to NIB current accounts ? Got a phonecall to tell me that the Bank were going to move me from my free current a/c (Free, if in credit) to a new 24/7 account. They wanted to discuss the benefits of the new accounts on offer. It soon transpired that the benefits were to them i.e. a quarterly fee (€18.75 per qtr)or fee per transaction :eek:. This may be a stupid question but are they allowed to change the terms like this ? Anyone else have this experience or hear about it.

BuffyBot · 31-01-2012 06:34PM

Going to move or want you to move.

There's a difference between forcibly moving you, and trying to upsell you to a new product.

And yes, they can change the terms on an existing account if sufficient notice is given.

homer911 · 31-01-2012 06:49PM

NIB Marketed one of their current accounts as the "Freebank" current account - hardly seems reasonable that they should start to charge for it.

I'll wait to see if I get a letter.

Recently received a letter to say NIB would no longer accept cheque lodgments in their branches from next April!! Nuts! If we cant lodge cash or cheques, why bother with a branch network at all??

I'm paying €40 a year for an investment account that i do very little with - if they slap on more charges I will have to think again. A shame as their internet banking is excellent.

JTMan · 31-01-2012 08:40PM

NIB recently got rid of free banking for new customers. More here: http://www.askaboutmoney.com/showthread.php?t=165616

JOBSOXO - Did they force you to change? or was it voluntary? Can't you just say no?

NIB Bank Charges

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