AIB Putting up their fees AGAIN.

Inspector Coptoor

I'm just after reading on the Journal.ie that AIB are putting up all their bank charges AGAIN.

An ATM withdrawal is being increased by 75%, going from 20c to 35c, and a raft of other increases.

They can kiss my hole after this, free banking in Permanent TSB, I'll be taking my business there before they bring in these changes in August.

The sheer GALL of them

mikemac1

Here's the list

35c for the ATM will be the main one for most people I suppose

The cost of an ATM withdrawal, or an automated cheque and cash lodgement, will go from 20c to 35c.

The fee charged for staff-assisted transactions goes from 30c to 39c.

There’ll be a 39c charge for an incoming credit transfer - again, increased from 30c.

Customers will be charged 20c to process each each paper-based non-cash lodgement, such as a cheque or bank draft.

Customers will be charged €3 to send a domestic bank draft, up from €1.90, and €7 to send a draft in a foreign currency – a 37 per cent increase from the current rate of €4.44.

The €2.54-per-page charge for a duplicate bank statement will also rise, to €3 per page.

In addition, from September 14 customers will be charged €4.50 to set up a manual standing order, and €2.50 to amend or cancel that order

freeze4real

mikemac1 wrote: »

Here's the list

35c for the ATM will be the main one for most people I suppose

Did BOI not do the same. As far as I know they've removed the flat fee for transactions.

Check the banking & pensions forum for more details.

The Backwards Man

I normally would argue against the consternation against banks, and try and see it from their point of view. This time;

*****!

TheFOB

That's it, I'm moving to Zürich.

Notorious97

Answer is simple, move banks. Until everyone starts doing this they will keep raising charges.

Kichote

What do the banks spend all these fecking fees on? All they do is move money around .. mostly in the form of bits on a computer which is fairly effortless.

They can lend out money that they dont have through fractional reserve lending and charge interest on it. Yet they still need to charge people for using a fecking ATM?

Sulla Felix

Notorious97 wrote: »

Answer is simple, move banks. Until everyone starts doing this they will keep raising charges.

And then use their lower member numbers as justification to raise the rates more, causing more people to leave and... :pac:

the groutch

Sulla Felix wrote: »

And then use their lower member numbers as justification to raise the rates more, causing more people to leave and... :pac:

have Dublin Bus taken over the banks? :rolleyes:

mikemac1

Sulla Felix wrote: »

And then use their lower member numbers as justification to raise the rates more, causing more people to leave and... :pac:

Ah, so they've adopted the Dublin Bus pricing model

Customers down so jack up the fares

edit: the groutch beat me to it *shakes fist*

awec

Inspector Coptoor wrote: »

I'm just after reading on the Journal.ie that AIB are putting up all their bank charges AGAIN.

An ATM withdrawal is being increased by 75%, going from 20c to 35c, and a raft of other increases.

They can kiss my hole after this, free banking in Permanent TSB, I'll be taking my business there before they bring in these changes in August.

The sheer GALL of them

Only a matter of time before the rest of them introduce charges.

wmpdd3

Yes, but if I had stayed at AIB I would have given then €76 since last Sept, I moved to BOI and I have moved again to PTSB.

My credit Union is hoping to bring out a debit card later in the year, when they do I will move there. Every month you stay with these guys you are wasting money, people change electricity provider for a saving of 1% per year!

notnumber

Thinking of switching to permanent tsb who reckon they have no fees once salary is lodged every month..but I wonder how long that will last for..get enough customers and then they start the squeeze most likely.

Wurly

Inspector Coptoor wrote: »

I'm just after reading on the Journal.ie that AIB are putting up all their bank charges AGAIN.

An ATM withdrawal is being increased by 75%, going from 20c to 35c, and a raft of other increases.

They can kiss my hole after this, free banking in Permanent TSB, I'll be taking my business there before they bring in these changes in August.

The sheer GALL of them

It's a wonder you've stayed with them this long tbh.

The Backwards Man

I was thinking of switching to Ulster Bank from AIB a few months ago, the FA from UB said I was better off where I was at the time. I admired the honesty in that, might give them a shot now, prospective toxic bank or not.

anncoates

Seriously doubt TSB will remain offering free banking.

They will of course probably wait until a load of disgruntled AIB customers switch over first though.

hfallada

I wouldnt mind paying for banking if the service was decent. But was in AIB grafton street and had to wait 45 mins to get a draft as they had one till open. AIB has gone to ****.

awec

The Backwards Man wrote: »

I was thinking of switching to Ulster Bank from AIB a few months ago, the FA from UB said I was better off where I was at the time. I admired the honesty in that, might give them a shot now, prospective toxic bank or not.

Ulster Bank are bringing in charges, I think it's 4 euro a month flat fee.

awec

Has anyone seen the new AIB "shop" in Dundrum Town Centre?

1. It looks very expensive
2. WTF is it? It's like an Apple Store, but for AIB. Loads of ATMs, smart phones, tablets etc sitting out on tables for you to look at and loads of staff walking about looking your attention.

"The Lab" : http://www.dundrum.ie/stores/thelab-2/

The Backwards Man

awec wrote: »

Ulster Bank are bringing in charges, I think it's 4 euro a month flat fee.

I know. Still be better than the AIB fees for me now. Until they raise their own probably

OneArt

AIB should charge people from other banks for using their ATMS.

If you use an ATM from your own bank then it should be free.

Also be glad its only 35c. In Germany you'll pay between 1-5 euro to use an ATM that isn't from your own bank.

TheFOB

I don't see why a new foreign bank doesn't enter the market. They would sweep the floor. The current shower are broke, they've no money to lend, they're raising the fees, the deposit rates being offered suck and the people hate them.

roast

35c per ATM withdrawal? Christ. Is this for just non-AIB ATM withdrawals or all?

Definitely considering switching now, screw this.

IM0

OneArt wrote: »

Also be glad its only 35c. In Germany you'll pay between 1-5 euro to use an ATM that isn't from your own bank.

what the actual fuck :eek:

lennyloulou

I have mortgage, electric etc going out, wages coming in, everything I do is with AIB. I have never changed banks before, am with them 12 yrs since leaving college,i am just wondering how hard/ difficult is it to leave a bank and join up with new bank... are other banks difficult to join up and set up all relevant direct debits etc

StewartGriffin

So what CAN we do?
Aside from spitting and ranting and raving.

The B****rds who wrecked the national economy are still squeezing us for their profits.

What can we do?

No point protesting, no point burning a bank, no point using violence, no point engaging in politics.

What can we do?

grizzly

awec wrote: »

Has anyone seen the new AIB "shop" in Dundrum Town Centre?

1. It looks very expensive
2. WTF is it?

Glad you asked

https://www.youtube.com/watch?v=uArCcCyvZJE

The Lab stands for Learn About Banking. It's a place to learn about banking in the digital age, explore new technologies and to just have fun! Older customers can get a glimpse into tomorrows world, where sterile screens flash incomprehensible graphics and display messages of debt penalties without the need for any cumbersome human contact.

mlumley

And, dont think it'll be the last time they do it.

roast

grizzly wrote: »

Glad you asked

https://www.youtube.com/watch?v=uArCcCyvZJE

The Lab stands for Learn About Banking. It's a place to learn about banking in the digital age, explore new technologies and to just have fun! Older customers can get a glimpse into tomorrows world, where sterile screens flash incomprehensible graphics and display messages of debt penalties without the need for any cumbersome human contact.

So the bigwigs hired a bunch of young developers, learned what the internet was, and determined the best way to blow money was to open a completely pointless lab?

Remind me why they're jacking up the prices again?

jester77

OneArt wrote: »

In Germany you'll pay between 1-5 euro to use an ATM that isn't from your own bank.

IM0 wrote: »

what the actual fuck :eek:

Not quite that bad. In Germany different banks work together, so you have groups like the cashgroup which means anyone with an account in any member bank can use any other members ATM at no cost. Sparkasse would be an exception, I don't think they work with any other banks and it can cost €5 or €6 to withdraw from their ATMs.

Good. AIB has cost he state a good deal of money.

I welcome these moves to return to profitability and/or get rid of unprofitable customers.

Tabnabs

lennyloulou wrote: »

I have mortgage, electric etc going out, wages coming in, everything I do is with AIB. I have never changed banks before, am with them 12 yrs since leaving college,i am just wondering how hard/ difficult is it to leave a bank and join up with new bank... are other banks difficult to join up and set up all relevant direct debits etc

You fill in the forms and the bank people sort out the transferring over to your new account. They advise you to try to do it just after your DD have gone out as it can take up to 10 days to get all the paperwork in order and up to date.

But all you do is fill in the forms and wait to be told everything is in order (or not).

vitani

After payday on Thursday, I'm going to be calling in to PTSB and asking about switching banks.

Am I naive in thinking that it's in their interest to continue offering 'free' banking because they're getting so much custom from people switching banks? And that they'll recognise this and not put up their own fees?

Gummy Panda

Inspector Coptoor wrote: »

I'm just after reading on the Journal.ie that AIB are putting up all their bank charges AGAIN.

An ATM withdrawal is being increased by 75%, going from 20c to 35c, and a raft of other increases.

They can kiss my hole after this, free banking in Permanent TSB, I'll be taking my business there before they bring in these changes in August.

The sheer GALL of them

They're charging because they consider you an unprofitable customer I'm afraid.

biko

All bankers are evil bastards. The sooner everyone realizes that the easier is it to understand why they do what they do.

Inspector Coptoor

Gummy Panda wrote: »

They're charging because they consider you an unprofitable customer I'm afraid.

I'm saving money with them every month, they are giving me feck all in interest and using my money to lend out at 9-10% interest.

They are currently charging me €21 a quarter for banking even though I never go in branch unless getting foreign currency.

absolute bell ends

Paddy Cow

If you get charged to take money out of an ATM are they going to give you money every time you lodge money into one? That would be fair.

Inspector Coptoor

Paddy Cow wrote: »

If you get charged to take money out of an ATM are they going to give you money every time you lodge money into one? That would be fair.

no, they are gonna charge you for DR's and CR's

Paddy Cow

Inspector Coptoor wrote: »

no, they are gonna charge you for DR's and CR's

I know, I was being facetious :P

wattlendaub

So is there any point in switching over to PTSB or should we just bury our heads in the pillow and moan about being charged for every tiny transaction we undertake?

RasTa

Is it still free if you have a couple of k in the account?

smcgiff

wattlendaub wrote: »

So is there any point in switching over to PTSB or should we just bury our heads in the pillow and moan about being charged for every tiny transaction we undertake?

The medium to long term survivability of PTSB is in doubt, but I think people should still transfer from AIB to PTSB as their deposits (under €100k for sure) will be safe.

grizzly

RasTa wrote: »

Is it still free if you have a couple of k in the account?

over 2.5 and it's free AFAIK.

TheFOB

grizzly wrote: »

over 2.5 and it's free AFAIK.

It's not free though. You lose much more money in lost interest earnings.

grizzly

TheFOB wrote: »

It's not free though. You lose much more money in lost interest earnings.

From my fees (before the increases) I'd have to make half the transactions just to break even from interest on that much in a savings account.

So, yeah not free but you are probably halving the cost.

fritzelly

awec wrote: »

Ulster Bank are bringing in charges, I think it's 4 euro a month flat fee.

Looking at UB, they have a €4 fee if less than €3000 (which I think covers you for all atm charges etc, but they have a regular saver account at 2.5%.
So if I put the 3000 in that account I would be making €75 a year in interest which covers the €48/year account fees and still be better off.
Is this right?

Dynch

fritzelly wrote: »

Looking at UB, they have a €4 fee if less than €3000 (which I think covers you for all atm charges etc, but they have a regular saver account at 2.5%.
So if I put the 3000 in that account I would be making €75 a year in interest which covers the €48/year account fees and still be better off.
Is this right?

You're not forgetting the DIRT tax, are you?

Mince Pie

PTSB is free banking if you deposit €1500 per month. They do the switch for you.

I was with AIB and couldn't amend a DD online or over the phone had to go and queue for half an hour in the branch to sign a piece of paper. Which also meant I had to book time off work to go and do it.
Why are you paying charges for such useless service?

Can make amendments online with PTSB and their available balance is always correct rather than AIB's and the mortification of going to the shop and your card being refused even though your balance says you have available funds. Shocking bank and switching was the best thing I've done.

Slunk

fritzelly wrote: »

Looking at UB, they have a €4 fee if less than €3000 (which I think covers you for all atm charges etc, but they have a regular saver account at 2.5%.
So if I put the 3000 in that account I would be making €75 a year in interest which covers the €48/year account fees and still be better off.
Is this right?

But its only 3k paid in. Not a constant balance. So online transfer once a month from savings to current and back yo avoid the 4 euro charge. That's what I do

Bog Standard User

The Backwards Man wrote: »

I was thinking of switching to Ulster Bank from AIB a few months ago, the FA from UB said I was better off where I was at the time. I admired the honesty in that, might give them a shot now, prospective toxic bank or not.

ub is just as bad... their it system is a joke. go with permtsb