AIB, Ulster, BoI ‘most costly retailers’

ULSTER BANK, AIB and Bank of Ireland have been blacklisted in a new survey of bank charges by the financial services watchdog.

But typical bank customers could save up to €112 every year by taking advantage of free banking offers from Permanent TSB and National Irish Bank (NIB), the Irish Financial Services Regulatory Authority (IFSRA) said yesterday.

The survey found Ulster’s U First current account offering was the most expensive of the country’s five main retail banks, based on a typical customer with regular ATM and Laser card usage who also used direct debits and internet banking to pay bills.