Q Key changes – and how they will affect you
* All customers, except students, and those who qualify for Golden Years accounts, will be charged €5 every three months.
* For all customers, apart from pensioners, there will be a 20c charge for writing a cheque.
* Customers who do not meet the conditions to get fee-free banking will be charged 40c for lodging a cheque through a bank official in a branch.
* The Government also charges 50c per cheque in stamp duty.
* The cost of a paper-based transaction, such as a lodgement in a branch, will rise from 28c to 40c each. This also applies to staff-assisted withdrawals, debit card transfers and other payments.
* Charges on electronic transactions, such as standing orders and direct debits, will come down from 28c to 20c each.
* These transaction fees do not apply to those who keep a balance of €3,000 at all times in their accounts, or pay €11.40 every three months.
* There will be no charge for contactless payments made with a debit card until August next year. From then, the charge will be 15c per transaction.