Revamped bank charges: It pays to shop around

Traditional banks are starting to feel the heat from online banking platforms and act accordingly — but the new regimes will not suit everyone

Bank of Ireland said the new pricing structure will be more transparent.

Bank of Ireland has revamped its charging structure, meaning most customers will pay less under the new regime, although some estimates suggest that up to 40% of customers will end up paying more — so be mindful it pays to be cautious and shop around.