Ulster Bank warns woman over mortgage arrears of 3c

ULSTER Bank was yesterday forced to defend its policies after a woman contacted Liveline to complain that she had been sent a letter by the bank over arrears totalling 3 cent.

The caller, Ann from Westmeath, told the RTÉ radio programme that she was upset to receive the letter last Friday in which the bank said it had decided to clear the tiny arrears at its “sole discretion”.

The letter stated that “the bank has currently undertaken a review of its mortgage accounts and it has come to light that there is an arrears amount of 3 cent on your account which have been outstanding for some considerable time”.