Avoiding Bank Fees & Charges

hold my beer · 19-04-2021 8:41pm

Sheep Shagger wrote: »

I don't have to unlock my phone to tap it, just has to be awake. Have to unlock the card/wallet on my fitbit to tap it though.

So if your phone was stolen anyone could tap it? Fairly sure on my phone (Android) you have to unlock the phone.

Sheep Shagger · 19-04-2021 8:49pm

hold my beer wrote: »

So if your phone was stolen anyone could tap it? Fairly sure on my phone (Android) you have to unlock the phone.

If you knew it had a card attached to it - yeah you could (is a Samsung, not sure if that was the default or I set it up it up like that).

hold my beer · 19-04-2021 8:53pm

Sheep Shagger wrote: »

If you knew it had a card attached to it - yeah you could (is a Samsung, not sure if that was the default or I set it up it up like that).

This page says you can do it without unlocking up to €50

https://support.google.com/pay/answer/7644132?co=GENIE.Platform%3DAndroid&hl=en

The J Stands for Jay · 19-04-2021 8:59pm

jefferson73 wrote: »

With regard to doing the country a dissservice

Are they (Monese) covered by the central banks (DGS) Deposit Gurantee Scheme?

I apologise to bonkers.ie No idea why I thought Monese were a bank.

Now when KBC go, we'll have to decide which is the least worse out of the credit union or AIB.

The J Stands for Jay · 19-04-2021 9:01pm

TheDriver wrote: »

I could have a hundred pin purchases a month so it adds up for me.

I'd doubt that I hit that many transactions a month together with my wife. I couldn't imagine that many pin transactions. It's more than Ive done in the last 18 months (probably even the last 2 years).

The J Stands for Jay · 19-04-2021 9:01pm

feargantae wrote: »

It's not offered by my credit union yet. I'd say that's the case for a lot of us too

Yeah, I'd have to drive 2 towns over to open the account in person.

feargantae · 19-04-2021 9:07pm

TheDriver wrote: »

family shopping would bring me above 50. And my phone doesn't have NFC.
But I constantly get the "please insert you card" message so i would be caught with the charge if I was paying fees

If you're paying with your (unlocked) phone then the €50 limit doesn't apply at most retailers. All the big retailers support full Contactless, Aldi, Dunnes, Tesco, Lidl, Penneys, H&M, TKMaxx and many more. If you see the Google/Apple Pay logos then you know you can tap over €50. But even at that it'll work in most places. I'm someone who only uses my phone to pay, i don't even carry my wallet with me and I've yet to run into issues! Touch wood of course!!

As an aside, I'd be curious to know of any major retailers who don't accept €50+ via XYZ Pay

The J Stands for Jay · 19-04-2021 9:20pm

feargantae wrote: »

If you're paying with your (unlocked) phone then the €50 limit doesn't apply at most retailers. All the big retailers support full Contactless, Aldi, Dunnes, Tesco, Lidl, Penneys, H&M, TKMaxx and many more. If you see the Google/Apple Pay logos then you know you can tap over €50. But even at that it'll work in most places. I'm someone who only uses my phone to pay, i don't even carry my wallet with me and I've yet to run into issues! Touch wood of course!!

As an aside, I'd be curious to know of any major retailers who don't accept €50+ via XYZ Pay

Tesco were capping it at €50, pre Covid. They've upped it now, but still have a limit, the luddites.

corcaigh07 · 19-04-2021 9:28pm

Tesco in my limited experiences have capped their terminals at 300 euro for Google Pay and Apple Pay.

Gooser14 · 19-04-2021 9:49pm

The Ayatolla wrote:

Signed up online on Sunday. Got an email this morning asking to upload docs (Passport / 1x Payslip / Proof of address). All worked using PDFs / photo of password using my camera phone.

Is a passport the only photo ID accepted?

TempAc · 20-04-2021 10:29am

Sheep Shagger wrote: »

If you knew it had a card attached to it - yeah you could (is a Samsung, not sure if that was the default or I set it up it up like that).

Only up to 50 euro, above that it needs to be unlocked. Same as debit card.

Sheep Shagger · 20-04-2021 11:35am

TempAc wrote: »

Only up to 50 euro, above that it needs to be unlocked. Same as debit card.

Didn't know that thanks, vast majority of transactions are under €50 at shops at the moment.

The Ayatolla · 21-04-2021 12:30am

Gooser14 wrote: »

Is a passport the only photo ID accepted?

Drivers License too I believe

Sheep Shagger · 21-04-2021 8:54am

Interesting...using more than one provider could work for some.

https://www.irishtimes.com/business/personal-finance/revolut-for-payments-an-post-for-savings-how-we-might-bank-in-the-future-1.4542849?mode=amp

The J Stands for Jay · 21-04-2021 9:01am

Sheep Shagger wrote: »

Interesting...using more than one provider could work for some.

https://www.irishtimes.com/business/personal-finance/revolut-for-payments-an-post-for-savings-how-we-might-bank-in-the-future-1.4542849?mode=amp

Are there actually people out there who do everything with one bank? Doesn't everyone already have different products with different providers?

Creamy Goodness · 21-04-2021 9:13am

McGaggs wrote: »

Are there actually people out there who do everything with one bank? Doesn't everyone already have different products with different providers?

Yeah I do but it’s only because I qualify for free products, I can totally see people using only one if they don’t.

KBC for everyday
KBC for savings
KBC for credit card (thinking of moving to AIB Platinum).
AIB for mortgage
Revolut for fx spend only

Hibernicis · 21-04-2021 2:07pm

McGaggs wrote: »

Are there actually people out there who do everything with one bank? Doesn't everyone already have different products with different providers?

I use Ulster for all my day to day banking (Credit card, current account and savings/deposit account). Find the overall service more than adequate and although not free the cost is acceptable** given a largish number of transactions and the facilities and app functionality. I use other banks etc. also but only for infrequent savings/deposit transactions.

** I maintain a €3,000 balance in my c/a and so only pay €24pa in fees.

dulpit · 21-04-2021 4:27pm

Hibernicis wrote: »

I use Ulster for all my day to day banking (Credit card, current account and savings/deposit account). Find the overall service more than adequate and although not free the cost is acceptable** given a largish number of transactions and the facilities and app functionality. I use other banks etc. also but only for infrequent savings/deposit transactions.

** I maintain a €3,000 balance in my c/a and so only pay €24pa in fees.

The fact that you pay €24 for the privilege of not paying other fees and as a result need to keep €3,000 in a current account rather than savings is mental to me.

darconio · 21-04-2021 4:58pm

I went today to close my UB account.I called the CS and they advised that I'd need a 0 balance in order to close the account, so I transferred last night the 3000 euros I was keeping in the account to avoid additional charges.
I went in today and those clowns had the guts to charge me 2.22€ for the account being open without the 3000 euro for the whole morning...
I had 2.25 in my pocket, I made sure to claim my 3 cents change... ba$stards

Roberto_gas · 21-04-2021 5:00pm

darconio wrote: »

I went today to close my UB account.I called the CS and they advised that I'd need a 0 balance in order to close the account, so I transferred last night the 3000 euros I was keeping in the account to avoid additional charges.
I went in today and those clowns had the guts to charge me 2.22€ for the account being open without the 3000 euro for the whole morning...
I had 2.25 in my pocket, I made sure to claim my 3 cents change... ba$stards

Lol thats why i generally ask them if there wud be charges..AIB said to me in branch u can make it zero now and i will close it. I xferred remaining sum to my knc ac using mobile banking in front of him and that was it !

Sheep Shagger · 21-04-2021 5:52pm

McGaggs wrote: »

Are there actually people out there who do everything with one bank? Doesn't everyone already have different products with different providers?

Older generation i'd say yes.

Yyhhuuu · 21-04-2021 6:53pm

darconio wrote: »

I went today to close my UB account.I called the CS and they advised that I'd need a 0 balance in order to close the account, so I transferred last night the 3000 euros I was keeping in the account to avoid additional charges.
I went in today and those clowns had the guts to charge me 2.22€ for the account being open without the 3000 euro for the whole morning...
I had 2.25 in my pocket, I made sure to claim my 3 cents change... ba$stards

I wouldn't have paid it on point of principle.

BOI waived fee on closing in my case as I didn't have 3,000 in a/c in fee quarter having transferred it out to close the a/c...

Rock Steady Edy · 22-04-2021 7:42am

darconio wrote: »

I went today to close my UB account.I called the CS and they advised that I'd need a 0 balance in order to close the account, so I transferred last night the 3000 euros I was keeping in the account to avoid additional charges.
I went in today and those clowns had the guts to charge me 2.22€ for the account being open without the 3000 euro for the whole morning...
I had 2.25 in my pocket, I made sure to claim my 3 cents change... ba$stards

I recall similar stories when PTSB introduced charges a couple of years ago and people were closing their accounts You have someone in a call centre telling you one thing and someone in a branch imposing a different rule after you have already taken the action suggested by the person in the call centre.

It helps your case if you have the name of the person that you spoke to in the call centre if you have any doubts on the advice being given, and ask to speak to the most senior person in the branch and explain the situation. That said, if you're still not getting anywhere and you're not going to be giving any more of your business to them anyway, I'd probably just pay if it's only a couple of €s.

Saying that, being ahead of the majority closing their accounts probably doesn't pay. When UB are in proper closing down mode, they are likely to have proper procedures in place that are known to all customer-facing staff to avoid these eventualities.

Muahahaha · 22-04-2021 12:57pm

darconio wrote: »

I went today to close my UB account.I called the CS and they advised that I'd need a 0 balance in order to close the account, so I transferred last night the 3000 euros I was keeping in the account to avoid additional charges.
I went in today and those clowns had the guts to charge me 2.22€ for the account being open without the 3000 euro for the whole morning...
I had 2.25 in my pocket, I made sure to claim my 3 cents change... ba$stards

2.22 what a joke. Some companies can be absolute messers when it comes to closing down accounts. Its annoying but justifies further your reasons for leaving them in the first place.

The J Stands for Jay · 24-04-2021 9:14am

Hibernicis wrote: »

I use Ulster for all my day to day banking (Credit card, current account and savings/deposit account). Find the overall service more than adequate and although not free the cost is acceptable** given a largish number of transactions and the facilities and app functionality. I use other banks etc. also but only for infrequent savings/deposit transactions.

** I maintain a €3,000 balance in my c/a and so only pay €24pa in fees.

Many years ago, I paid them €9 a month, but I got more than that back from their Ticketmaster cashback. The interest free overdraft had my balance a good bit away from €3k...

The J Stands for Jay · 24-04-2021 9:16am

dulpit wrote: »

The fact that you pay €24 for the privilege of not paying other fees and as a result need to keep €3,000 in a current account rather than savings is mental to me.

What's the opportunity cost of not having 3k in savings? €10p.a.?

AlmightyCushion · 24-04-2021 2:46pm

McGaggs wrote: »

What's the opportunity cost of not having 3k in savings? €10p.a.?

Best case scenario you can get 0.85% from Ulster Bank (probably won't last long given they are leaving) which works out at €25.50. Dirt takes a third of that so €8.50. So €17 give or take. That is best case scenario, anywhere else will give you less interest. So, yeah not exactly worth losing sleep over.

dulpit · 24-04-2021 8:08pm

But it's also €3k you're essentially giving up?

The J Stands for Jay · 24-04-2021 8:30pm

dulpit wrote: »

But it's also €3k you're essentially giving up?

It's the same as a term deposit, but the interest is the amount of charges is saves you and theres no dirt.

daheff · 02-05-2021 12:53pm

dulpit wrote: »

But it's also €3k you're essentially giving up?

It's also a risk if your card gets skimmed. You then have 3k extra in your account that can be taken.

Islander13 · 02-05-2021 1:27pm

daheff wrote: »

It's also a risk if your card gets skimmed. You then have 3k extra in your account that can be taken.

Thats a bank risk not yours so not really a factor unless you done track your account

The J Stands for Jay · 02-05-2021 1:43pm

Islander13 wrote: »

Thats a bank risk not yours so not really a factor unless you done track your account

So, it's more of a factor if your bank's app doesn't have push notifications for spending/transfers or if their app/online is so bad that you don't log on often.

daheff · 02-05-2021 9:39pm

Islander13 wrote: »

Thats a bank risk not yours so not really a factor unless you done track your account

It's yours until they refund you any money that's been taken. Not always a clean cut discussion with your bank.

The J Stands for Jay · 03-05-2021 9:41am

daheff wrote: »

It's yours until they refund you any money that's been taken. Not always a clean cut discussion with your bank.

And not always a quick decision.

jeffk · 10-01-2022 12:21pm

Whats the go to bank thats not EBS at the minute?

Just had a fun morning with EBS

Ringing to get a letter sent out so i can access my bank again (if you reinstall the app or do ANYTHING with your phone it kicks you out)

Got the card manager paired, topped up revolut once, went to do it again or have auto top up and no all failed, twice on hold for over ten minutes to no joy

Have a credit union and then revolut for day to day, but theres two days waiting on a payment from credit union to appear in revolut

Had N26 and virtual card kept being declined randomly

OfflerCrocGod · 13-01-2022 2:32pm

I use N26 with physical card and it's worked OK for me.

jeffk · 13-01-2022 7:14pm

https://www.boards.ie/discussion/comment/118467397#Comment_118467397

Yeah I wasn't paying tenner for a card for free banking (yes I know ONLY a tenner)

OfflerCrocGod · 14-01-2022 8:14am

https://www.boards.ie/discussion/comment/118469370#Comment_118469370

Must have been free when I got it.

jeffk · 14-01-2022 8:53am

https://www.boards.ie/discussion/comment/118471985#Comment_118471985

Yeah they changed the free card a few months before I changed (the usual about the environment etc)

xckjoo · 14-01-2022 9:40am

https://www.boards.ie/discussion/comment/118448467#Comment_118448467

Does your Credit Union not offer a debit card?

jeffk · 14-01-2022 12:15pm

https://www.boards.ie/discussion/comment/118472191#Comment_118472191

My local credit union are hopeless for a start

After that all I could see its E4 a month to have an current account, I never checked to see if thats what you have to pay for debit card

xckjoo · 14-01-2022 12:25pm

https://www.boards.ie/discussion/comment/118473064#Comment_118473064

You just prompted me to look at the fee breakdown of my local CU 😀

€4 a month administration fee and some other charges that I hadn't expected. Had been planning on moving to them from KBC but might rethink that now. I'd feel a bit exposed keeping all my money with N26 but maybe that's just old man thinking

jeffk · 14-01-2022 12:53pm

https://www.boards.ie/discussion/comment/118473141#Comment_118473141

I have EBS money manager

Credit Union

Revolut (becuase of issues with N26 and not paying for a card to see IF will fix them)

Lodge money into credit union, then use that to keep EBS topped up, then have EBS credit card to top up Revolut as and when I need to (keep say 100 in it)

Would not attempt to use EBS card to do online etc as you have to allow transactions via the app, plus dont support google pay etc (so much better tapping a phone to pay)

Auto topup from EBS to Revolut wont work as "its not a secure site and try smaller amounts to see if works" I was told on the phone

I did look into KBS, but dont handle cash (dont work so no salary going in) and felt I was disturbing them and handed a booklet an more or less told to leave

AndrewJRenko · 14-01-2022 1:25pm

https://www.boards.ie/discussion/comment/118473141#Comment_118473141

Most CUs provide online access now, so you can have an account with electronic access for free. You could keep your main funds in the CU, get your salary into the CU, and transfer spending money to N26 or Revolut, allowing for the 2-3 transfer period.

If you need a debit card, see if your CU (or any CU that you can join) does the CU Current Account. It is €4 per month, but the other fees seemed to be fairly unlikely or unusual.

xckjoo · 14-01-2022 2:18pm

https://www.boards.ie/discussion/comment/118473664#Comment_118473664

This might be the way I go. Deposit to CU, transfer spending money to Revolut and use Avant for credit card. Might test out N26 at some stage but need to renew my passport first

Icsics · 14-01-2022 2:31pm

I need to open a new current acc instead of my KBC. Do any of them have free fees now?

Quackster · 14-01-2022 2:52pm

https://www.boards.ie/discussion/comment/118473664#Comment_118473664

That's exactly what I do. Wages paid into CU and transfer spending money from CU to N26. Always arrives in less than 24 hours (weekends & bank holidays excepted).

mick23 · 14-01-2022 3:49pm

https://www.boards.ie/discussion/comment/118473382#Comment_118473382

is there charges on your credit card when you top up revolut with the cc ? some credit card companies view revolut top ups as a cash withdrawal and charge high fees for using that facility . im with avant and i used to top up revolut with it but last year hey have started to charge cash withdrawal fees everytime i top up my revolut card with it

jeffk · 14-01-2022 5:14pm

https://www.boards.ie/discussion/comment/118474811#Comment_118474811

I just checked there and no charges, thats why so many recommend it

mick23 · 14-01-2022 6:00pm

https://www.boards.ie/discussion/comment/118475412#Comment_118475412

cool thanks. recommend ebs you mean ?

Avoiding Bank Fees & Charges

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