Ulster Bank to refund thousands of business customers

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

14th June, 2018
Ulster Bank sale does not include any performing loans

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.

But the bank said the loan documentation for these accounts did not allow for changing the definition of...

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