Switching from AIB

jive

Hi,

I'm looking to switch from AIB. I have >€50k in my account, I see from their website that €5k is the transfer limit per day. Do I have to transfer €5k a day to my new bank or is there an easier way to do this?

Dumb question I'm sure but couldn't find the answer from a bit of googling.

Atlantic Dawn

Seems to be, it's a pretty brutally low limit for the modern day. Could you get them to make it out in a bank draft for €50k made out to yourself and do it that way?

http://personal.aib.ie/ways-to-bank/transaction-limit-information

RossieMan

Bank draft.

You can do a SEPA transfer in branch too if you have an account to send it to.

Toots

If you do the draft option, you may have to wait for it to clear in your new account before you can draw on it, so bear that in mind. What I'd do is transfer say €5k over online, then when that's reached your new account, get a draft for the remainder or do the SEPA transfer, that way you'll have funds in your new account available to use in case you need them.

jive

Thanks all, knew there had to be a better way!