Michael, I had a cursory glance through them. It's certainly not clear what exactly is changing without lining up each change against the existing terms. They're making changes to a document that very few people read in the first place!
From a quick review, it would appear that the changes seem to be mainly related to:
- Changing residency for all accounts eligibility from EU to Ireland only.
- Changes required for Strong Customer Authentication, and transaction validation, particularly for "card not present" transactions. Applies to both current account and Credit Card.
- Changes to allow for your card (both debit & credit) to be used as digital cards
- Tightening up of the language around losing optional benefits if you fail to make the required month lodgement to your Extra Current Account, and your extra saver account becoming a normal one for example. (You've spotted this one)
- A lot of wording changes for products which are no longer available to open.
- There are some changes to the procedures around new account opening and AML checks