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Maintenance fees contactless and ATM charges heres how much youre paying your

first_imgAIB – 35cBank of Ireland – 25cKBC – 30cPermanent TSB – 0cUlster Bank – 0cContactless charges: By Cliodhna Russell Image: Shutterstock/pikselstock Jan 22nd 2017, 7:00 AM Image: Shutterstock/pikselstock The criteria that must be met to avoid fees with one bank, may be a lot easier to meet than the criteria set by another, depending on each person’s spending habits.Maintenance fees per quarter  AIB – 0cBank of Ireland – 1cKBC – 0cUlster Bank – 0cPermanent TSB – 0c, but with the bank’s Explore Account, customers will receive 10 cent back for every transaction, up to a maximum of €5 per monthCommenting on AIB’s upcoming payment, Whelan said, “It will be interesting to see which banks follow suit.” Source: Shutterstock/BachoMaintenance fees are another charge that each bank applies, however customers can usually avoid them by meeting certain criteria.Whelan added, “Most banks do still offer ways to avoid those maintenance and transaction fees, which can really add up over the course of a year. Share Tweet Email9 Maintenance fees, contactless and ATM charges – here’s how much you’re paying your bank Do you know how much you’re paying out for using your cards? AIB – fee-free if customers keep €2,500 on deposit at all timesBank of Ireland – there’s a €5 quarterly maintenance fee for all customers, but transaction fees will be waived for customers who keep €3,000 on deposit at all timesKBC – fee-free if customers lodge €2,500 every monthPermanent TSB – with the bank’s Explore Account, customers are charged €4 every month, but this can be offset by the fact that the bank will pay back 10c on every debit card transaction.However, this is capped at €5 a month. So, it is possible to actually make €12 over the course of a year.Ulster Bank – fee-free if customers keep €3,000 on deposit at all timesRead: Irish banks have frozen Al-Qaeda assets of over €1 million> Updated on 31 January at 6pmDO KNOW HOW much you’re paying your bank every time you take out cash at an ATM or use your card for contactless payments? And let’s not forget about those maintenance fees.Mark Whelan from price comparison site, bonkers.ie told TheJournal.ie that “the days of free banking are long gone”, but added that customers can make sure they’re getting the best deal for them by being aware of how much they’re being charged.ATM charges range from 0 cent up to 35 cent, while contactless payments could be on the rise with AIB starting to charge 20c per use next month. Speaking about contactless, Whelan said: This is an increasingly popular and incredibly handy way to pay for your €2 flat white every morning, but customers should know the cost of this convenience.While AIB are set to charge 20 cent for each contactless payment from 24 February, Permanent TSB customers can actually make money as the bank will give 10c back for every contactless transaction under the bank’s Explore Account. It will pay out up to a maximum of €5 per month – that’s 50 contactless payments.AIB have since announced that from 24 February they will continue to waive contactless fees.ATM charges: AIB – €4.50Bank of Ireland – €5KBC – €6Permanent TSB – €12Ulster Bank – €12Fee waivers Short URL 54,546 Views Tweet thisShare on FacebookEmail this article 93 Comments Sunday 22 Jan 2017, 7:00 AM http://jrnl.ie/3194785 last_img