Quarterly charges

LongTermLurker

cifpower wrote: »

But its not though. They survive through customer inertia and children following in the footsteps of their parents.

I was being sarcastic

frosty1408

cifpower wrote: »

All the big four banks in NI (Ulster Bank, Northern Bank, Bank of Ireland and First Trust) had this kind of charging structure. If you stayed in credit you did not get charged. If you went overdrawn by any amount in a quarter you would be charged an account maintenance fee and for every chequem direct debit, standing order, ATM withdrawl and debit card transaction.

A few years ago the Competition Commission judged that the NI banks had a too similar charging structure and were impeding competition. All banks except First Trust have done away with these charges on their current accounts.

Why the OP stuck with First Trust and kept paying these fees is beyond me though.

That was very informitive! Well I applied for Alliance and Leicester today and have been accepted by them.