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Tuesday 28 November 2023 Dublin: 3°C

# bpfi

Last month
October 2023
Almost three in 10 people want to own a home but don't think they ever will, survey shows
The Banking & Payments Federation Ireland survey looks at people’s housing circumstances and expectations.
This year
Millions transferred through money mule accounts in first half of year
The figure is an increase of 50% on the same period in 2022.
Cost of living: New campaign launched for customers concerned about mortgage repayments
As part of the campaign, the BPFI has launched a new online resource
RTÉ's Sarah McInerney issues warning over text scams after falling victim to one herself
The radio presenter that she was doing multiple things at once, which distracted her.
Fraudsters 'find it easier' to trick victims into sending money than stealing their identities
The BPFI said fraudsters find it is easier to manipulate victims by getting transferred money directly rather than stealing their identity.
Start of 2023 ushers in mortgage slowdown as drawdowns slide by a third
10,908 new mortgages to the value of €2,868 million were drawn down by borrowers during the first quarter of 2023.
Ulster Bank branches close for a final time as vulnerable customers reminded of supports
25 branches had already closed but the remaining 63 have shut their doors for the last time today.
Record high of almost €17.9 billion spent using contactless payments last year
The last quarter of 2022 saw three million contactless payments per day valued at an average of €53 million.
Elaborate investment scams on the rise, with people at retirement age the 'key target group'
The scams are ‘particularly targeted at those in the over 55 age bracket and with a minimum investment of €20,000′.
Ireland had the highest number of mortgage drawdowns last year since 2008
That’s according to two reports published today by the Banking and Payments Federation Ireland.
One in eight Ulster Bank and KBC customers are yet to open a new account elsewhere - survey
68% of customers have either opened a new account or plan to use an existing account in another bank.
Last year
Permanent TSB becomes latest bank to raise interest on fixed rate mortgages
The increases will range from 0.05% to 0.9% depending on a range of factors.
New dedicated phonelines set up to help vulnerable customers switch bank accounts
It comes as Ulster Bank and KBC prepare to leave the Irish market.
Most customers leaving Ulster Bank and KBC haven't transferred direct debits
The two banks have been urging customers to get their accounts in order.
House prices likely to increase in coming months despite 'significant' increase in supply
Banking and Payments Federation Ireland says housing supply must increase to improve affordability.
Online and mobile banking payments hit record high as contactless payments surge
New figures show that there were €49 million worth of contactless payments per day in the second quarter of the year.
Almost 300,000 new current accounts have been opened this year, figures show
The figures indicated that Ulster Bank and KBC current account customers are heeding advice to switch banks.
220,000 new accounts opened this year as Ulster Bank and KBC to leave Ireland
Around 9,600 accounts are being opened weekly.
Mortgage seekers need 'significantly' higher earnings than 10 years ago to secure financing
Median household income of first-time buyers increased from €71,000 to €77,000.
Home purchase mortgage drawdowns €18,000 higher than last year - report
Mortgage switching has increased by 28% in the first quarter of the year, BPFI report shows.
Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'
A report by
Ian Curran
Concerns have been raised that the exits of Ulster Bank and KBC Bank could be “the perfect storm” for the remaining banks.
Concerns have been raised that the exits of Ulster Bank and KBC Bank could be "the perfect storm" for the remaining banks.
Over one million customers will have to choose a new provider and switch over their current accounts.
But the Financial Services Union believes significant customer service issues are likely to arise, Ian Curran reports.
Is your bank exiting the market? Take action soon, experts say. Here's what you need to know
All time
Last minute online shopping? Here are some tips to keep your cash safe from fraudsters
Fraud cases continue to increase.
Average deposit for first-time buyers exceeded €52,000 in first half of 2021
Mover-purchases had to pay €135,000 for a deposit in the same period.
More than €1 billion spent in contactless payments during May as economy re-opens
The daily spend of individual contactless payment users exceeded €16 for only the second time since 2016.
First-time buyer mortgage drawdowns at highest Q1 level since 2007 - BPFI
Figures show overall mortgage drawdowns in Q1 were at their highest since 2009.
Over €25 million in contactless payments per day in February - BPFI
The BPFI said today the jump in contactless payments is a result of a higher transaction limit of €50.
Irish shoppers lost €12 million to credit and debit card fraudsters in the first half of 2020
Online card fraud rose by 21% compared with the same period in 2019, the BPFI said.
Significant decline in buy-to-lets as Covid-19 continues to impact housing market
Buy-to-let investors now account for less than 1% of mortgages, compared to 20% in 2006, according to new figures.
Over 3,300 mortgages approved in January, representing 2.8% year-on-year increase
That’s according to figures released by the Banking & Payments Federation Ireland today.
Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
Ulster Bank’s long goodbye creates major headaches for policymakers.
Banking Federation says capital requirements here are making lending and mortgages more expensive
Irish mortgage applicants face some of the highest interest rates in Europe.
Four Irish banks want to set up an industry-wide quick payment app
The CCPC was notified of the proposal from AIB, BOI, KBC and Permanent TSB last Friday.
Over 5,200 mortgages approved in October, with surge driven by first-time buyers
October was the busiest month for mortgage approvals since BPFI began collecting this data in 2011.
Banking federation warns customers to be 'extra vigilant' of online scams in lead-up to Christmas
Figures from the BPFI show €22m was scammed through card fraud alone last year.
Majority of bank accounts used for money mule transactions belong to people aged 18-24
A new campaign aims to highlight the dangers for teens and encourage their parents to look out for red flags.
Explainer: Why Irish banks are being accused of 'profiteering from the pandemic'
Developments in recent days have undermined the banks’ positions.
Almost €600 million spent on contactless payments in May
The contactless limit was increased to €50 in April in response to the Covid-19 crisis.
Banks say that people who got mortgage approval before the crisis can have this extended
Customers can be granted an extension in situations where their “circumstances have not materially changed”.
Five main banks now have freephone lines to help people who are cocooning
The phone lines are operating during normal banking hours, from Monday to Friday.
Debunked: That 'extremely sophisticated' bank scam doing the rounds on WhatsApp is completely false
It’s not true.