Ulster bank to start charging €4 per month for account

Drakares · 24-04-2013 03:55PM #1

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 · 24-04-2013 03:58PM

Wow.

krudler · 24-04-2013 03:59PM

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

kylith · 24-04-2013 03:59PM

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 · 24-04-2013 04:00PM

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 · 24-04-2013 04:00PM

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 · 24-04-2013 04:01PM

The Unionist bank.

They take our counties and now our money

Kristopherus · 24-04-2013 04:03PM

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 · 24-04-2013 04:03PM

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 · 24-04-2013 04:04PM

no holidays this year then:(

Tar.Aldarion · 24-04-2013 04:05PM

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 · 24-04-2013 04:05PM

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 · 24-04-2013 04:06PM

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 · 24-04-2013 04:08PM

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

FamousSeamus · 24-04-2013 04:09PM

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

Fratton Fred · 24-04-2013 04:11PM

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 · 24-04-2013 04:12PM

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 · 24-04-2013 04:13PM

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 · 24-04-2013 04:14PM

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 · 24-04-2013 04:19PM

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?

24-04-2013 04:21PM

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 · 24-04-2013 04:21PM

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 · 24-04-2013 04:24PM

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 · 24-04-2013 04:26PM

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 · 24-04-2013 04:28PM

So are there any banks left with no fees ?

FamousSeamus · 24-04-2013 04:30PM

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

Tar.Aldarion · 24-04-2013 04:33PM

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 · 24-04-2013 04:34PM

"Bank in charging for providing a service shocker!"

returnNull · 24-04-2013 04:34PM

Do credit union's do direct debits?

smash · 24-04-2013 04:36PM

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

lkionm · 24-04-2013 04:40PM

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.

Ulster bank to start charging €4 per month for account

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