John is a regular user of Anytime Banking and the Ulster Bank Mobile App. As he maintains a cleared balance of €3,000 in his account for the full charge period, John is not charged transaction fees. John only has to pay the €2 monthly maintenance fee.
If John’s balance went below €3,000 at any point during the charge cycle, his transactions would be chargeable.
This is how his fees will break down in a typical month
|Transaction type||Fee||Number of transactions||Monthly cost (if waiver
|Total transaction fee||€7.76||€0.00|