Excessive commission charged to lodge cheque in AIB

paul8f

I received a Bank of Ireland cheque in the post as a refund for an item I returned to the seller.

The company that I received the refund off is a Northern Ireland company, but has an account set up especially for customers south of the border.

When I went lodge the cheque to my AIB current account, I was told the commission fee was €19.00. The value of the item I returned was €960.

This commission charge seems very high. How does the charge breakdown, and how could I avoid it in future? (At the time of asking for the refund, I gave the guy my Bank Account number, sort code, bank address, IBAN and BIC numbers... so he could do a bank transfer, but instead I got the cheque -- I had originally paid for the item with a bank transfer; don't know why he used a cheque to refund me).

Any ideas welcome,
Paul.

foggy_lad

For international € cheques they charge 1.5% on amounts over €600 with a minimum of €19 and maximum of €60

http://www.aib.ie/servlet/BlobServer?blobcol=urldata&blobtable=MungoBlobs&csblobid=1214419948098&blobkey=id&blobwhere=1214419948098&blobheader=application%2Fpdf

Davidth88

You will also find they take up to 4 weeks to put the money in your account

Too many stolen / dodgy cheques around , and people falling for the ' over payment ' scams


It's really annoying .

paul8f

Thanks for the advice. I wonder how Ireland compares to other countries regarding % comission...

dudara

Moved to Banking & Insurance & Pensions

dudara