Change to Budget Account Fees

23 May2017

The Budget Account service offered to Dubco members has proven to be a great success over the 25 years of its existence and has grown in strength over the years. Over 4,000 Dubco members actively use the service, with total transactions both in and out now exceeding €42 million per annum.

 

The fees charged for the Budget Account service have not changed in over 20 years and with this in mind the Board of Directors of Dubco commissioned a review on the Budget Fees currently being charged. The Board of Directors have approved an increase in the Budget Fees charged to members and believe that this increase in fees still offers members great value for money with the Budget Account service.

 

The Board of Directors are committed to offering members the best value services that it can.

 

The below table outlines the changes to the Budget Account fee structure:

 

Old Budget Fees New Budget Fees
Monthly Maintenance Charge Per Budget Account Item €0.30 €0.60
Annual Maximum Maintenance Charge per Budget Account €18.00 €36.00
Exempt from Budget Account Fees – Members Aged 60 years and over 60 and over 68 and over*
Interest Charged on Overdrawn Balances – No Change 1% per month 1% per month

 

* All existing Budget Account members who are 60 years of age, as at 1st June 2017, will retain the free Budget Account Service.