BoI directors face grilling over credit card fee hike

Bank of Ireland’s two public interest directors will face major criticism by TDs and senators today over the bank’s decision to hike interest charges on its credit card during the Christmas period.

Bank of Ireland, the only major Irish-owned bank whose majority shareholding is not controlled by the State, angered consumers this week with increases of up to 4% on its credit card interest rates.

The Consumers’ Association of Ireland accused the bank of “making a determined calculation to take advantage of people”.