Wednesday 21 March 2018

100 TDs and Senators demand that Ulster Bank pays delay fees

Senator Lorraine Higgins, Labour from Athenry, Co Galway
Senator Lorraine Higgins, Labour from Athenry, Co Galway
Charlie Weston

Charlie Weston

MORE than 100 TDs and senators have signed a petition demanding that Ulster Bank hold off on its plans to introduce current accounts fees.

Labour Senator Lorraine Higgins handed in the petition to Ulster Bank headquarters in Dublin signed by politicians from Fine Gael, Labour, Fianna Fail, Sinn Fein and the Technical Group.

Ulster Bank is one of the last remaining banks not imposing strict conditions for customers to avoid transaction charges and fees on its basic current account.

However, the bank is planning to introduce a charging structure that would see those who do not hold balances of around €1,500 being charged per transaction, such as an ATM withdrawal, and incurring a small quarterly fee.

This charging structure is due to be introduced at the end of the summer.

But the politicians want the bank to hold off bringing in the new structure until next January, to recognise the inconvenience suffered by around 600,000 following the breakdown of its payments systems.

Ms Higgins said: “Customers need clarity on where they stand with Ulster Bank.

“Fancy public relation campaigns promising customer care is one thing – but the time has come for the bank to be upfront about what compensation they intend to offer customers.”

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