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Lessons learned: Why students should read the small print on bank accounts


Lessons learned: Why students should read the small print on bank accounts
Pricewatch: Your questions answered
 
Little or never-used bank accounts are occupying the minds of readers this week. First up is Fergus who emailed in connection with a letter Bank of Ireland sent to his 25-year-old son, Mark. When he was a student, Mark was persuaded to open an account with the bank with an introductory offer of a small sum of money “and some sort of phone charger that he was delighted to take”.
This all happened years ago and Mark never actually used the account and no correspondence was ever received at his address right up to the start of April this year. The charger probably doesn’t work now either. Early last month a letter came. It confirmed that there had been no transactions on the account but Mark had been overdrawn for the previous six months. ....

Student Account Terms , Graduate Account , Personal Current , Personal Current Account , Explore Account , Central Credit , Central Credit Register , தனிப்பட்ட தற்போதைய , தனிப்பட்ட தற்போதைய எண்ணுதல் , ஆராயுங்கள் எண்ணுதல் , மைய கடன் , மைய கடன் பதிவு ,

Making Cents: The good, the bad and the ugly of current accounts


Making Cents: The good, the bad and the ugly of current accounts
Reporter:
  );
There are about 5.3m current accounts in Ireland, and it’s always a bugbear of a topic for people, especially when they see banks increasing their charges so frequently. That extra cent or two to lodge or withdraw money, that quarterly bill that lands in our account is incredibly annoying.
But despite our irritation, the rate at which we switch is incredibly low.
The most recent data available shows that only 0.00029% of current account holders actually moved providers over a calendar year.
And banks are very aware of this. They know people are less likely to switch their current account than any other banking product which is why they can increase their charges. They know, the % that will move will be minuscule. They know we’ll complain, and we’ll be outraged, but a week or two after the increase, it will be old news and we’ll have done nothing about it. ....

An Post , Ulster Bank , Credit Union , Explore Account , Smart Account , Post Office , Making Cents , Liam Croke , ஒரு போஸ்ட் , அல்ஸ்டர் வங்கி , கடன் தொழிற்சங்கம் , ஆராயுங்கள் எண்ணுதல் , புத்திசாலி எண்ணுதல் , போஸ்ட் அலுவலகம் , தயாரித்தல் சிஇஎன்டிஎஸ் , லியாம் குரோக் ,

Making Cents: The good, the bad and the ugly of current accounts


Making Cents: The good, the bad and the ugly of current accounts
Reporter:
  );
There are about 5.3m current accounts in Ireland, and it’s always a bugbear of a topic for people, especially when they see banks increasing their charges so frequently. That extra cent or two to lodge or withdraw money, that quarterly bill that lands in our account is incredibly annoying.
But despite our irritation, the rate at which we switch is incredibly low.
The most recent data available shows that only 0.00029% of current account holders actually moved providers over a calendar year.
And banks are very aware of this. They know people are less likely to switch their current account than any other banking product which is why they can increase their charges. They know, the % that will move will be minuscule. They know we’ll complain, and we’ll be outraged, but a week or two after the increase, it will be old news and we’ll have done nothing about it. ....

An Post , Ulster Bank , Credit Union , Explore Account , Smart Account , Post Office , Making Cents , Liam Croke , ஒரு போஸ்ட் , அல்ஸ்டர் வங்கி , கடன் தொழிற்சங்கம் , ஆராயுங்கள் எண்ணுதல் , புத்திசாலி எண்ணுதல் , போஸ்ட் அலுவலகம் , தயாரித்தல் சிஇஎன்டிஎஸ் , லியாம் குரோக் ,

Changing currents - time to switch account providers?


Business Journalist
We used to be a remarkably loyal lot in Ireland when it came to the bills and the banks.
Indeed, for long there wasn t much choice, so deciding to bail on your service provider wasn t really a consideration.
In more recent years, however, as competition has increased, we ve become more willing to switch providers of utilities, insurance and telecoms, and we ve even become more adept at switching mortgage providers.
According to research by the Banking and Payments Federation, up to one in six holders of mortgages - excluding trackers - have switched providers in recent years, significantly higher than the rate suggested in official figures. ....

Daragh Cassidy , An Post , Head Of Communications , European Central Bank , Central Bank , Credit Union , Competition Commission , Payments Federation , Ulster Bank , Henri Hippo , European Central , Golden Years , Explore Account , Google Pay , Smart Account , ஒரு போஸ்ட் , தலை ஆஃப் தகவல்தொடர்புகள் , ஐரோப்பிய மைய வங்கி , மைய வங்கி , கடன் தொழிற்சங்கம் , போட்டி தரகு , கொடுப்பனவுகள் கூட்டமைப்பு , அல்ஸ்டர் வங்கி , ஹென்றி ஹிப்போ , ஐரோப்பிய மைய , தங்கம் ஆண்டுகள் ,