The 2001 Study on Obstacles to Mobility contained a recommendation that banks should publish comparative information on fees and charges for cross-border transactions in order to provide greater transparency for consumers. Following consideration of this by the North South Ministerial Council in October, 2007, the main banks operating in Ireland and Northern Ireland were subsequently invited to provide details of their fees and charges for a list of typical cross-border banking transactions which are presented in comparative tables.
The responses received are set out in the tables and are correct as of October 2008 but will be updated periodically.
1. Withdraw £100/€100 from a cash machine across the border.
2. Pay £100/€100 for goods or service with a debit card across the border.
3. Make a non-urgent one-off transfer of £100/€100 into a bank account across the border.
4. Make an urgent (same day) one-off transfer of £100/€100 into a bank account across the border.
5. Receive a one-off transfer of £100/€100 from a bank account across the border.
Where the term "across the border" is used below, it is to capture situations where an individual with a bank account in the South makes a payment to the North, or vice versa.
