Court upholds €1,000 award to KBC customer not personally notified of interest rate reduction on account

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Bank said it had notified customers via advertisements via IrishTimesBiz

The customer had a Smart Access Deposit Account with KBC between April 2018 and June 2020.

The bank said it chose to provide notification of impending interest rate changes by way of advertisement in two national daily newspapers and on its website. It argued that, having regard to terms in the contract in relation to fees and charges, it could determine at its sole discretion the method by which it would notify customers of fees and charges applicable to the account.

 

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