Ireland’s three major banks are combining forces to launch Zippay, an instant payments service designed to compete with Revolut, two years after abandoning a previous €17 million venture that never reached market. AIB, Bank of Ireland and Permanent TSB will roll out the mobile payment platform early next year, targeting their combined five million customers … Read more
Bank of Ireland has issued an urgent warning about a surge in sophisticated investment scams spreading across Facebook and Instagram, with fraudsters using convincing advertisements to target thousands of potential victims across Europe. The bank has detected at least two dozen variations of these fraudulent advertisements in recent weeks, which have reached nearly 43,000 people … Read more
Bank of Ireland has issued a public apology following a major oil spill at Kilbogget Park in south Dublin that forced the emergency rescue of six swans and threatens one of the area’s key biodiversity sites. Wildlife rescuers described the incident as one of the worst oil pollution cases they have encountered, with toxic fumes … Read more
Bank of Ireland has issued an urgent warning about a sophisticated text message scam that has seen a dramatic surge in reports, with daily incidents this week reaching 10 times the weekly numbers recorded in April and May. The elaborate fraud scheme tricks customers into transferring money to bogus “safe accounts” through convincing text messages … Read more
Bank of Ireland has announced a 0.25% reduction in interest rates on its 12 and 18-month fixed-term deposit accounts, effective from Thursday as the bank responds to European Central Bank policy changes. The rate cuts will see the bank’s Advantage 12-month fixed-term savings account drop from 2.00% AER to 1.75%, while the 18-month product will … Read more
Bank of Ireland Group has increased its housing development financing target to 30,000 homes as the lender steps up efforts to address Ireland’s ongoing housing crisis. The bank is currently supporting the construction of more than 24,000 homes across all housing types on 220 sites in 22 counties, representing a significant increase from the 21,000 … Read more
Bank of Ireland has introduced a new feature allowing customers to voluntarily block transactions with gambling operators from their accounts, a significant step taken without any legislative requirement to do so. The voluntary restriction, which differs from existing 90-day statutory exclusion measures, can be implemented indefinitely on both personal and business accounts. Customers can now … Read more
Concerns over inflation and the cost of living are mounting across Ireland, with 57 per cent of households worried they are not saving enough, according to the latest Savings and Investment Index from Bank of Ireland. The survey highlighted that the cost of housing and rent remains the top concern for many, especially younger people. … Read more
Bank of Ireland Group is expected to reduce its workforce in the coming years as part of its strategy to simplify operations and enhance efficiency through digital transformation. Chief Executive Myles O’Grady told Bloomberg Television that the bank aims to become leaner by leveraging technology, a move driven by rising competition from digital banks like … Read more
Bank of Ireland has revealed a significant shift in consumer payment habits, with ATM withdrawals now representing only 12% of total card transactions in January, a dramatic decrease from nearly one-third of transactions before the pandemic. The latest figures highlight the continuing trend toward digital payments and away from cash usage. Despite the decline in … Read more
Bank of Ireland has announced a 0.25 per cent reduction in interest rates for its 12 and 18-month fixed-term deposit accounts, effective from February 18. The bank, however, confirmed that there will be no changes to other savings products, including the SuperSaver regular savings account, Advantage 6-month Fixed Term deposit, Notice Deposit account, Instant Access … Read more
Bank of Ireland has announced reductions in two of its savings rates, a move that could trigger further cuts from competitors. The decision follows the European Central Bank’s (ECB) recent series of rate cuts, with more reductions anticipated this year. Last month marked the fourth time the ECB decreased its key rates, impacting banks across … Read more
Bank of Ireland has reduced its fixed mortgage lending rates by 0.5 per cent for new and existing customers effective today. The move will benefit those with homes that have a Building Energy Rating (BER) of A to G. The bank stated that the four-year fixed rate is now available at 3.1 per cent, depending … Read more
Bank of Ireland has issued a warning to customers to remain vigilant amid a wave of new fraud attempts linked to the recent announcement of energy credits in Budget 2025. The bank highlighted that fraudsters are increasingly using topical events, such as the new energy credits revealed in this week’s Budget, to scam unsuspecting consumers. … Read more
Bank of Ireland has announced the appointment of Akshaya Bhargava as its new chair and governor, effective January 1, 2025. The Indian born, UK based banker will succeed Patrick Kennedy in the role, following an international search process. Bhargava has been a member of the Bank of Ireland Group board since January 2024. His vast … Read more