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Dublin: 21 °C Thursday 16 July, 2020
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Ulster Bank to repay thousands after credit card error

Customers will receive a small sum each after the bank failed to honour its own introductory offers.

Image: Eamonn Farrell/Photocall Ireland

ULSTER BANK HAS to repay €175,ooo in refunds to its customers after over-charging on interest on credit card accounts.

Today’s Irish Daily Mail says that the bank admitted overcharging interest on credit card accounts by failing to honour its own introductory offers.

Customers are due to receive around €7 each and those due the money will get a letter informing them.

Ulster Bank has not been penalised by the Central Bank over this mistake.

The Consumers’ Association told the Daily Mail this was the latest in “a string of overcharging errors from the country’s banks”.

Just last January, AIB admitted it had double-counted Visa purchases on its card-processing machines on 23 December 2010.

In May of this year, AIB issued a statement saying it will refund €8.3m to customers who unsuccessfully attempted to withdraw cash from its ATMs.

Read more on page 17 of today’s Irish Daily Mail>

Read more: Thousands in line for refunds after banks’ interest rate errors>

Read more: AIB announces €8.3m refund over cash machine error>

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