80% ‘unaware’ of their bank charges

Eight out of 10 Irish people underestimate the amount they pay in retail bank charges by as much as 50%, while almost one in five Irish people feel they have a poor choice of current bank account provider, according to the first ever Permanent TSB Switching Index.

The report, compiled by Amárach Research, found the following:

*Car insurance is the sector where people are most likely to have switched provider, followed by electricity and broadband.