The bank, whose major shareholder is the State, said free maintenance and transaction fees for current account holders with a minimum balance of €2,500 in each quarter will be withdrawn on May 30.

A major surge is expected in bad loans as many businesses go under and homeowners struggle to pay their mortgage.

Around 140,000 people have already lost their jobs as pubs, clubs and leisure facilities shut.

Pub chiefs are meeting with the bosses of the three main banks in the coming days

Phone scams are becoming increasingly common, but there's a lot you can do to protect yourself, says Rowena Walsh.

The bank said they made the decision to suspend the fees in light of the current Covid-19 outbreak.

A selection of people starting new roles with companies in Ireland, including Expleo, Ecocem, Brewin Dolphin, Initiative Ireland, Three Ireland and ABP Food Group.

The decision follows similar moves by banks in Italy and the UK to support personal and business customers.

From May 30, the bank is also introducing a quarterly maintenance fee of €4.50 for current accounts.

Construction firms in Ireland have begun experiencing delays in securing supplies due to the global impact of the coronavirus.

The Central Bank has slapped a €4.6m fine on Ulster Bank over its failure to compile and submit statistics under a former mortgage arrears agreement.

Ulster Bank has refused to rule out further sales of distressed mortgage loans to vulture funds despite a school of thought emerging that such transactions could end under a Sinn Féin or Fianna Fáil led government.

The Royal Irish Academy and the American Chamber of Commerce Ireland have jointly announced a new award category which will recognise innovation within talent development in the 2020 US-Ireland Research Innovation Awards.