£20 Ulster Bank Compensation Joke

Blackfort

Unbelievable of the Ulster Bank to offer £20. When I heard news of an announcement yesterday I speculated on possible figures and wondered if £100 would be enough for the shambles caused.

spike7451

Twenty Pound 'Incident' payment made into my bank today...
So if you live in the country & have to travel to your nearest branch that is open,say a thirty mile trip each way,& have to do this three times,then this twenty quid will barely cover your petrol!

BigAl94

Full details here http://www.ulsterbank.co.uk/documents/NI/technical-incident-help-point.pdf

Suplex_Backbreaker

It's a bit of an insult, isn't it?

I believe the £20 payment is only automatic if you had to go into a branch - otherwise you need to contact them and grovel for it.

Not likely ... time to look around for better banking deals. After over 20 years I don't really feel any more attachment to this bank.

NAR

I have been with them over 42 years, but this £20 insult has turned me against them. I will be looking to move elsewhere over the next month or so, but I will keep a minimal amount in my account so the barstewards can administer it for ever at their cost!

Surely some of the oppostion will come up with a good deal to switch. I see First Direct are offering £100 and free overdraft up to £250, if you lodge £1500pm with them.

BigAl94

"but I will keep a minimal amount in my account so the barstewards can administer it for ever at their cost! "

Won't work if report in Bel Tel is correct.

"Elsewhere, Ulster Bank has given a commitment to delay the introduction of maintenance fees for all personal current account holders until July 2013"

Read more: http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/payout-for-ulster-bank-customers-16204872.html#ixzz257xQFzqh

NAR

OK will close it on 30 June 2013. Their loss, they could have had my pension lump sum to invest next year too.

BigAl94

I would advise anyone never to take investment advice directly from any of our banks.

NAR

Did you notice I said "could" BigAl94!

Blackfort

If I didn't leave before, I will now. Hearing good reports about Nationwide. Still shaking my head in disbelief.

lynz68

Time to jump ship people!!! Valued customer .... I think not.