Ulster Bank to refund thousands of business customers

Ulster Bank to refund thousands of business customers
Ulster Bank sale does not include any performing loans

Almost 18,000 accounts were affected by the overcharging, which dates back to 2012, and the average amount to be refunded is less than €2,000

Ulster Bank is to refund about €36 million to thousands of its business customers who were overcharged on loans and overdrafts.

The bank said today that almost 18,000 accounts were affected by the overcharging, which dates back to 2012, and the average amount to be refunded is less than €2,000.

As part of the Central Bank’s tracker mortgage scandal investigation, all banks were told to examine their business practices....

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