Last year Ulster Bank changed their fee structure for their current accounts. Instead of a flat fee of €4 a month, it started to charge customers €2 a month plus per-transaction fees.
Prior to the change, it cost me a total of €48 a year in fees. However with the new fee changes in place, I’ve calculated that it has cost me €160 in the last year. That’s quite an increase!
It’s enough to make me consider switching current accounts to another bank!