Over 40,000 Irish customers of Ulster Bank and Bank of Scotland to receive refunds after being overcharged
You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. An Ulster Bank spokesperson told the Irish Independent: "We are writing to some business customers who have been impacted by a past overcharging error on our part. Around 20,000 mortgage holders of the former Bank of Scotland (Ireland) also received letters informing them that they had been overcharged interest, reportedly due to confusion over the leap year in 2008. Research from the Central Bank found that people don't switch their mortgage because they don't realise how much they could save and because it's extremely difficult to compare mortgages. How to follow the Irish Mirror on social media.