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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.
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Ha just got a letter the other day saying they owe me the princely sum of 13 euros! ….its party time
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