BRAINS! BRAINS!..... AIB, BoI, INBS, Anglo, EBS - Kill the NAMA zombies!
Your Brain - use it don't lose it! Deal with NAMA-free banks only.
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How to avoid expensive bank charges
Thursday May 13 2010Banking is expensive for consumers and getting dearer,
as banks lean on customers in a bid to return to profitability
after making a mess of their lending over the past few yearsPersonal current accounts can end up being expensive for consumers -- and with just five banks to choose from it makes sense to shop around and get the best deal, writes Charlie Weston
BANKING is expensive for consumers and getting dearer. The plans by Halifax to close next month and Postbank's move to shut its operation in more than 1,000 post offices by the end of the year has narrowed down the market.
Now there are just five banks offering current accounts to consumers -- AIB, Bank of Ireland, National Irish Bank, Ulster Bank and Permanent TSB.
Of these, Permanent TSB has emerged as providing the best value in a survey in 'Consumer Choice' magazine, which is published by the Consumers' Association.
The bank has fee-free banking, pays 2pc interest on amounts up to €1,500 if the account is in credit, and has no charges for credit transfers or setting up an overdraft facility.
Permanent TSB's interest rate on an authorised overdraft (ie one agreed with the bank) is 13pc, one of the lower rates.
Other banks have a range of hefty banking charges for consumers using current accounts.