Bank Charges

JB81

Hi THere

Quick questions. In order to satisfy my account for free banking I must lodge over €3000 per quarter and do the 9 transcations. My question is if i transfer money from one account to another ( and correct me if im wrong, this counts as one of the 9 ) does the money transferred form part of the €3000 that is to be lodged,

Please let me know if i am right

thanks
JB

Bank of Ireland: Linda

Hi JB81,

Thank you for your question.
Can I ask if you are referring to two Bank of Ireland current accounts in your above example?

Thanks
Linda

JB81

Hi Linda

Yes 2 Current Accounts.

Thanks
JB

Bank of Ireland: Linda

Hi JB81,

Thanks for getting back to me.
For this example we will refer to the two current accounts with Bank of Ireland as account A and account B:

If you transfer 9 transactions from account A to account B, that means that account A has the 9 debit payments but none of the €3000 lodgement. Account B would have part of the €3000 lodgement but none of the 9 debit payments. To qualify for the no transaction fees offer you would have to do the 9 transactions and lodge €3000 into both accounts.

I hope this makes it clearer for you and if you have any other questions please don't hesitate to ask.

Thanks
Linda

rameire

JB81
I like yourself have 2 current accounts.
i get wages transferred monthly into one account, I then transfer all of the wages into the second account.
I then move most of it back to account 1.
this happens once a month.
i also do 9 one euro transactions debit and credit to both of the accounts every quarter.

this seems to work for myself and I have never been charged a fee.