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Limerick solicitors call for client accounts to be exempted from new charges

Limerick solicitors call for client accounts to be exempted from new charges Reporter: );   ); THE LIMERICK Solicitors’ Bar Association and the Law Society of Ireland are calling for solicitor client accounts to be exempt from proposed new charges, so-called negative interest, from two of the country’s leading banks. The call comes as solicitors in Limerick, who are customers of AIB or Bank of Ireland, were notified of the banks’ intention to introduce a charge on all monies, including home mortgage loans, held in solicitor client accounts. President of Limerick Solicitors’ Bar Association, Derek Walsh, said they are deeply disappointed at “this latest attempt from the banks to increase profits by penalising consumers, particularly future homeowners who already face significant financial challenges”.

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