National Irish Bank and its sister company Northern Bank have today (27 November 2007) announced the abolition of fees for electronic cross-border transfers, between customer accounts in Northern Ireland and Ireland.
Until now, customers transferring funds between their own accounts in the two banks were charged €10 for Ireland to Northern Ireland transfers and £12 for Northern Ireland to Ireland transfers.
This change in policy by National Irish Bank and Northern Bank – the first such move by any bank on the island of Ireland - means that cross-border transactions can now be conducted for free. It has been facilitated by the introduction of new Danske Bank technology.
