Friday February 21, 2020

Lender in hot water over its ‘Fomo’ loan for DCU students

Five complaints are understood to have been received by the university in relation to the product

19th February, 2017
A bank operating on DCU campus offered students so-called ‘Fomo funds’

Dublin City University (DCU) has received a number of complaints after a bank operating on campus offered students so-called ‘Fomo funds’ to finance their socialising.

Bank of Ireland’s latest student product, which is being trialled at its DCU branch, is a play on the phrase ‘fear of missing out’. It allows students to receive €100 into their bank account instantly by just sending a text.

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