Oireachtas Joint and Select Committees
Thursday, 5 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Bank of Ireland
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Is it not the reality that people save currently? If they were to look over the next two years, they would save €2,800 by simply moving to another bank. Moreover, that bank would pay €1,500 towards the cost of legal fees; thus the switching process becomes more advantageous. Why would someone not do so? I do not expect Bank of Ireland to tell its customers that they can take their families on a holiday in two years' time for free because they will save that amount of money in switching. What they should do afterwards is look at what Bank of Ireland and others have offered and decide where to switch next.
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