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Banks with lowest charges? BOI are a joke.

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  • 06-09-2012 11:31pm
    #1
    jakko86
    Registered Users Posts: 308 ✭✭


    Hi all anyone help me out im moving my accounts from boi as im sick to the teeth of boi charges. 3.80 for 1 page statement! and then they send me out 2 one i didnt need and charged me for it!!5 euro + to cancel a cheque and the got my quarterly fees made my blood boil and iv had enough so im looking for a bank that actually value their customers.Is there such a thing?


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    #2
    hognef
    Registered Users Posts: 828 ✭✭✭hognef


    jakko86 wrote: »
    im looking for a bank that actually value their customers.Is there such a thing?

    The short answer is probably no.

    As to your other questions: AFAIK Ulster Bank is currently alone in offering unconditional "free" banking, but I wouldn't expect that to last forever.

    BoI isn't the worst - at least there is a way to qualify for "free" banking, which won't cost you anything. Not so with AIB.

    I imagine all banks will have a charge for stopping a cheque, but wouldn't be able to tell you what it might be, as I haven't even had a cheque book for years.


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    #3
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,919 Admin ✭✭✭✭✭Toots


    Are you a personal customer? The €5 charge to stop a cheque is only for business customers. If you're a personal customer then write to your branch and ask that it be refunded.


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    #4
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    jakko86 wrote: »
    Hi all anyone help me out im moving my accounts from boi as im sick to the teeth of boi charges. 3.80 for 1 page statement! and then they send me out 2 one i didnt need and charged me for it!!5 euro + to cancel a cheque and the got my quarterly fees made my blood boil and iv had enough so im looking for a bank that actually value their customers.Is there such a thing?

    I don't think I've ever paid any fees with Bank of Ireland. Once you meet their free banking criteria, then nothing is charged.

    As Toots* asked, are your accounts for personal use, or business use?


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    #5
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    hognef wrote: »
    As to your other questions: AFAIK Ulster Bank is currently alone in offering unconditional "free" banking, but I wouldn't expect that to last forever.

    UB offer lasts until July 2013 at the earliest.


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    #6
    RobertFoster
    Registered Users Posts: 9,187 ✭✭✭RobertFoster


    hognef wrote: »
    BoI isn't the worst - at least there is a way to qualify for "free" banking, which won't cost you anything. Not so with AIB.

    Do you not just have to maintain a balance of €2,500 with AIB?


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    #7
    jakko86
    Registered Users Posts: 308 ✭✭jakko86


    i have two accounts personal and business, cheque was from business and needed 2 statements and they wanted 3.80 for both!! for tow sheets of paper! and dont get me started on my quarterly fees!!


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    #8
    hognef
    Registered Users Posts: 828 ✭✭✭hognef


    RobertFoster wrote: »
    hognef wrote: »
    BoI isn't the worst - at least there is a way to qualify for "free" banking, which won't cost you anything. Not so with AIB.

    Do you not just have to maintain a balance of €2,500 with AIB?

    Indeed. But maintaining a balance of €2500 is not free. It'll cost you the interest on that amount that you could've earnt by placing it in a savings account. Assuming 3% interest rate: €75 per year, less DIRT. Depending on how frequent your transactions are, it might be cheaper to keep only a minimum balance in the AIB current account.


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