Study highlights varied banking fees

CURRENT account holders who stay in credit in the Republic pay slightly higher banking fees than those in Britain and the North, according to research by the Central Bank.

However, the research also found that accounts that go “out-of-order” — ie, exceeding approved limits — pay lower fees in the Republic than Britain and the North.

The structure for charging fees varies considerably from one jurisdiction to another. Those who go into an unauthorised overdrafts pay the highest fees.