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Friday 13 December 2019

How the lenders' charges add up


Keep a balance of at least €2,500 in your current account at all times. If you do not, you will be charged €4.50 a quarter, plus up to 39c for each transaction.

Ulster Bank

Keep a balance of €3,000 in the account, or lodge at least €3,000 every month, to avoid charges. Otherwise, there is a monthly maintenance charge of €4. From September 19, the only way to avoid the monthly fee will be to keep a balance of €3,000 in the account at all times.

Bank of Ireland

A quarterly charge of €5 is imposed for all, except pensioners and students. On top of this, if you do not keep €3,000 in credit in the account, you will be charged up to 40c a transaction.

Permanent TSB

Pay €1,500 into the account to avoid fees. Otherwise, there is a fee of €12 a quarter.

KBC Bank

Fee of €6 a quarter. No transaction fees if €2,000 is kept in the account. Otherwise, it costs 30c for processing a cheque and 30c for an ATM withdrawal.

Irish Independent

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