Ulster Bank Introduces 'Signif...

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Ulster Bank Introduces 'Significant' New Fees


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New fees for Ulster Bank customers are being described as "quite significant".

From Good Friday, customers will be charged up to 35 cent every time they use their card.

New fees are being introduced for things like ATM withdrawals and chip and pin transactions.

Ulster Bank is halving its monthly maintenance fee to €2, but is adding in a raft of new charges.

New Ulster Bank Fees

  • Monthly maintenance fee - €2
  • ATM withdrawal fee - 35 cent
  • Chip and pin fee - 20 cent 
  • Online banking transactions - 20 cent 
  • Automated payments into account e.g. wages - 20 cent 
  • Direct debits and standing orders - 20 cent 
  • Contactless fees - 1 cent 
  • Branch-assisted transactions - 80 cent 

Under the new fee structure, there will be a cost for all direct debits, ATM withdrawals, and contactless and chip and pin transactions.

Daragh Cassidy from price comparison site bonkers.ie described the changes as "a real kick in the teeth for consumers.”

He is advising unhappy customers to switch to ‘digital-only’ banks such as N26 and Revolut.

"These new banks offer a host of fun and novel services, allow you to sign up in minutes, offer great value, and for all intents and purposes work just like a traditional current account", he said.

Follow @98FM on Twitter for the latest Dublin news


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