Irish Credit Unions Ready To Take On The Banks

As banking fees in Ireland continue to rise, it’s estimated that further contraction of the market, due to the withdrawal of ACC and Danske Bank A/S (CPH:DANSKE) (OTCMKTS:DNSKY) from Ireland, will mean a typical household paying upwards of €260 per year for two current accounts. It’s a dramatic change from just two years ago, when the same household could have enjoyed free banking.

ValueWalk suggested in an earlier piece that the Irish market was ripe for a new financial institution to come in and offer a better deal for customers and...