This has cropped up elsewhere without a definitive answer. Say you take out a mortgage with Bank A and with it open a current account also with Bank A to service the mortgage. Let's say then that Bank A introduces hefty fees on same current account so you'd like to switch to Bank B which is free. Can bank A (legally) contractually hold you to using their current account to service the mortgage? What's to stop them introducing a special punitive transaction charge for their own mortgages, say €10 per DD? (you get the idea)
Is there any recourse to the ombudsman if a bank does this (holds you to their account, that is)?
Is there any recourse to the ombudsman if a bank does this (holds you to their account, that is)?