This makes me so angry too. The compensation being offered of 10/12 % of the total amount overcharged is a paltry amount. There should be credit card type rates of interest charged to the banks for every month they hold onto our money. That would hasten their repayment plans for sure!What angers me on top of everything is that the money the banks are withholding from us, OUR money, is still sitting with the banks. So every month that goes by, they are gaining interest on it. They are the ones gaining interest on the money that should be sitting in OUR accounts
Its a mute point. But money market interest rates are currently negative, so they are not gaining any additional interest. If anything, they are losing a tiny bit every day.What angers me on top of everything is that the money the banks are withholding from us, OUR money, is still sitting with the banks. So every month that goes by, they are gaining interest on it. They are the ones gaining interest on the money that should be sitting in OUR accounts
I like that idea very much. And quite a logical proposal.What about instead of fining the banks and institutions the state sets an additional interest rate set at the unapproved overdraft costs from the day that the tracker was removed till the day of restitution. Add that to the promised capital return etc.
However the question still remains. Will Ulster Bank pay up before Christmas or well into 2018?
How many on here would agree that ordinary people in Ireland have been failed by the above.
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