AIB customers face more charges from May 2020

Kaldo

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your balance is over €2,500 in your current account (which you were not charged quarterly fees); that option is being withdrawn too.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

suave.4u

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

OhHiMark

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

Varik

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.

Infini

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.

TheW1zard

Whats a private banking current account?

Qrt

Does this just bring them up to par with BoI?

Spocker

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