Ulster bank to start charging €4 per month for account

Yamanoto · 24-04-2013 04:41PM

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

Remmy · 24-04-2013 04:43PM

Ulster bank says no!...more free banking

TPD · 24-04-2013 04:48PM

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 · 24-04-2013 04:50PM

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 · 24-04-2013 04:56PM

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?

24-04-2013 04:58PM

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 · 24-04-2013 05:04PM

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

B.A._Baracus · 24-04-2013 05:09PM

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 · 24-04-2013 05:12PM

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

24-04-2013 05:13PM

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 · 24-04-2013 05:15PM

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 · 24-04-2013 05:16PM

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 · 24-04-2013 05:17PM

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

24-04-2013 05:23PM

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 · 24-04-2013 05:47PM

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 · 24-04-2013 05:47PM

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 · 24-04-2013 05:59PM

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 · 24-04-2013 06:06PM

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 · 24-04-2013 06:35PM

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 · 24-04-2013 06:39PM

You pay for every transaction? :eek:

wandatowell · 24-04-2013 06:42PM

msg11 wrote: »

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.

Calm down bro, just relaying some info I thought might be handy to some of the elders here.

I'll ask Old Man Towell to forward on the email and I'll post it on here if somebody might be interested

smash · 24-04-2013 06:44PM

Tar.Aldarion wrote: »

You pay for every transaction? :eek:

AIB and BOI do this. I think it's 20c and 27c respectfully unless you have a min €3k in your account at all times. They add it up and hit you with a quarterly bill! Fcukers.

Even online transactions between your own accounts are considered too.

jester77 · 24-04-2013 06:48PM

OneArt wrote: »

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

I'm with 3 different German banks and none of them charge me.

24-04-2013 06:50PM

MurdyWurdy wrote: »

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

You have to maintain a minimum balance of €2,500 at all times.

wandatowell · 24-04-2013 06:56PM

Surely everybody has heard of the PTSB switch account at this stage?

phasers · 24-04-2013 06:56PM

I'm with PTSB and I get charged €5 a year for using my Visa Debit card

Tis outrageous.

WoollyRedHat · 24-04-2013 06:58PM

I'm thinking of opening up a bank. No charges, completely free banking. I'll pay first time customers 50 euro to lodge their money with me.
The bank will be called the Bank of Dēfalcātiō.

fasttalkerchat · 24-04-2013 07:02PM

I have an empty account that I left open incase I ever need a ROI account again. Do I actually need to close the account or can I just tell them to feck off if they ever come asking for the €4?

MugMugs · 24-04-2013 07:17PM

wandatowell wrote: »

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

Oh how I LOL'd

I'd say there's more over 60's able to afford this than under 60's

Tar.Aldarion · 24-04-2013 07:57PM

smash wrote: »

AIB and BOI do this. I think it's 20c and 27c respectfully unless you have a min €3k in your account at all times. They add it up and hit you with a quarterly bill! Fcukers.

Even online transactions between your own accounts are considered too.

Lmao, I'd be paying hundreds!

Ulster bank to start charging €4 per month for account

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