AIB Current account to basic account

whizkid9

I have an AIB current account. Possible to cancel my current account and switch to a basic account? AIB introducing maintenance charges for current accounts from next month

coylemj

Look at what you're using your current account for at the moment, then figure out (by checking the AIB website) if you will have those facilites if you switch to a savings account. Because that's the type of account I assume you mean by 'basic'. You will definitely lose some functionality if you choose to avoid paying fees.

Limpy

I opened a kbc account for free banking (if 2k per month goes in) to replace my aib current account. Keep your savings in the basic AIB account incase you need to withdraw a large sum of cash.

JTMan

whizkid9 wrote: »

I have an AIB current account. Possible to cancel my current account and switch to a basic account?

Probably no. Generally Basic Accounts are reserved for those who do not have a bank account with any Irish bank.

KBC, N26, EBS, Revolut, Monese, and KBC will give you free euro banking if you comply with terms.

landofthetree

The basic account is to comply with an EU directive. Banks have to offer you a current account if you dont have an account with another bank in that country.

As soon as a certain amount of cash is deposited into a basic account they upgrade you.

3.2 We will convert your Account to another type of personal
current account to which additional fees and charges may
apply in the following circumstances:
a) where on any annual anniversary of the date of
opening of your Account the total yearly value of
payments to your Account in the previous year exceeds
the National Minimum Wage Threshold;

Limpy

landofthetree wrote: »

The basic account is to comply with an EU directive. Banks have to offer you a current account if you dont have an account with another bank in that country.

As soon as a certain amount of cash is deposited into a basic account they upgrade you.

My money is in a 7 day notice account. If they decide to change it I'l move it.

Delta2113

https://www.ebs.ie/daily-banking/ebs-moneymanager-account-and-debit-card - Switch to EBS totally FREE Account.

maneno

whizkid9 wrote: »

I have an AIB current account. Possible to cancel my current account and switch to a basic account? AIB introducing maintenance charges for current accounts from next month

not possible unfortunately as you already have an account

JTMan

Mr.S wrote: »

Credit Unions are probably the best option if you really want "free" banking.

The credit union currentaccount.ie product is not free.

c.p.w.g.w

I thing i find utterly ridiculous re:Banks

They have my money, they charge me to keep it safe...But i can't go in and withdraw it all without forewarning them...I was looking to withdraw 5 grand in cash from BOI a few months back...By christ did they make it difficult

Eggs For Dinner

c.p.w.g.w wrote: »

I thing i find utterly ridiculous re:Banks

They have my money, they charge me to keep it safe...But i can't go in and withdraw it all without forewarning them...I was looking to withdraw 5 grand in cash from BOI a few months back...By christ did they make it difficult

Good to hear in this era of identity fraud

c.p.w.g.w

Eggs For Dinner wrote: »

Good to hear in this era of identity fraud

Well my passport & driving license were shown...in fact the same passport that they have on file for reference...and i still look the same as in the picture(well maybe plus a few lbs)