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AIB customers face more charges from May 2020

Kaldo · 2020-03-10 20:02:09

Hi all It seems AIB is going to start charging management fees, cash out from an ATM, over-the-counter transactions, contactless transactions, etc. no matter if your balance is over €2,500 in your current account (which you were not charged quarterly fees); that option is being withdrawn too. My dad told me once "never…

10-03-2020 9:02pm

#1
Kaldo

Registered Users Posts: 221 ✭✭

Join Date: December 2019

Posts: 111
Hi all

It seems AIB is going to start charging management fees, cash out from an ATM, over-the-counter transactions, contactless transactions, etc. no matter if your balance is over €2,500 in your current account (which you were not charged quarterly fees); that option is being withdrawn too.

My dad told me once "never being faithful to a bank" therefore I'm considering other options for change (lowest and no hidden fees).

Which bank(s) would you recommend?

Thanks
Kaldo

Tagged:

fees

bank

management fees

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Comments

#2 12-03-2020 1:03am

suave.4u

Registered Users Posts: 965 ✭✭✭

Join Date: December 2012

Posts: 860

Examples of Transaction Fees & Charges
Digital Transactions
Paying by contactless or 'tap' 1c
Paying by debit card with a PIN (includes free cashback) 20c
Online payments incl. direct debit / kiosk / phone banking 20c

Manual & Cash Transactions
Taking cash out from an ATM 35c
Paying by cheque, not including government tax
of 50c per cheque. 39c
Over the counter transactions in branch – also called 'paper / staff assisted transactions' 39c

Account Maintenance Fees (covers the cost of running your account)
Current Account €4.50 per quarter
Private Banking Current Account €63.49 per quarter

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#3 12-03-2020 1:27am

OhHiMark

Registered Users Posts: 1,057 ✭✭✭

Join Date: March 2013

Posts: 1035

Do any of these include transferring money to a revolut account?

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#4 12-03-2020 1:47am

Varik

Registered Users Posts: 12,480 ✭✭✭✭

Join Date: September 2006

Posts: 12306

OhHiMark wrote: »

Do any of these include transferring money to a revolut account?

20c per transaction for any of the normal ways.

39c per transaction if you for some reason went into a branch or post office and got them to do it for you.

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#5 13-03-2020 9:05pm

Infini

Registered Users Posts: 4,573 ✭✭✭

Join Date: December 2004

Posts: 4452

The charges are essentially highway robbery and if possible your better moving your business elsewhere, they provided these services for free for having a certain amount of money with them for 20 years and just suddenly cancel it with vague reasoning. Show's how much they value customer loyalty over pure profiteering.

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#6 13-03-2020 9:06pm

TheW1zard

Registered Users Posts: 1,340 ✭✭✭

Join Date: September 2017

Posts: 1297

Whats a private banking current account?

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#7 13-03-2020 9:09pm

Qrt

Registered Users Posts: 1,622 ✭✭✭

Join Date: April 2018

Posts: 1581

Does this just bring them up to par with BoI?

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#8 13-03-2020 10:36pm

Spocker

Moderators Posts: 6,851 ✭✭✭

Join Date: February 2004

Posts: 6066

Thread on the same topic over here -> https://www.boards.ie/vbulletin/showthread.php?t=2058060549

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