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AIB to start charging 1c per contactless payment and additional charges.

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    #2
    silver2020
    Registered Users Posts: 2,045 ✭✭✭silver2020


    problem is interest rates are zero - so they either apply negative interest rates to money in your account or make a small charge.

    You'll find all the banks will be doing this. At the end of the day, the service has to be paid for and if there is no value for the money sitting in your account for the bank, the money as to come from elsewhere


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    #3
    sonic85
    Registered Users Posts: 4,212 ✭✭✭sonic85


    It's so fcuked up that banks can target the poor fcukers (like myself) that dont have a certain level of savings. Doesn't make much sense


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    #4
    Jet Black
    Registered Users Posts: 3,843 ✭✭✭Jet Black


    Use Revolut. Transfer enough each month, they're charging for everytime you use now.


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    #5
    Lu Tze
    Registered Users Posts: 3,495 ✭✭✭Lu Tze


    Guess we will all go back to inserting the card and putting in the pin for each transaction, assuming it is only for contactless based on the statement.


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    #6
    Thelonious Monk
    Registered Users Posts: 13,885 ✭✭✭✭Thelonious Monk


    Jet Black wrote: »
    Use Revolut. Transfer enough each month, they're charging for everytime you use now.

    Revolut are charging now?


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    #7
    Fireball81
    Registered Users Posts: 412 ✭✭Fireball81


    Bank switching rates here are still very poor, about 1% so until that changes, banks will screw people over simply because the majority just suck it up.


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    #8
    PommieBast
    Registered Users Posts: 2,591 ✭✭✭PommieBast


    silver2020 wrote: »
    You'll find all the banks will be doing this.
    From my experience so far BoI is by far the worst for charges.


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    #9
    manonboard
    Registered Users Posts: 1,102 ✭✭✭manonboard


    I use revolut for all my banking bar my salary transfer. Which i just send to revolut using auto topup.

    No charges.

    Feck AIB. They make plenty of money off your money. This is just greed and should be treated as such.


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    #10
    Raconteuse
    Closed Accounts Posts: 2,817 ✭✭✭Raconteuse


    Why do people have a problem with a company charging for its service? I am not being smart - it's a genuine question. It's a business, which provides services so it's charging for them. Same as any business, which is accepted as it should be. Why the exception for banks? "They make plenty of money" doesn't mean some services should be free. That could be said about any company.


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    #11
    suicide_circus
    Registered Users Posts: 19,802 ✭✭✭✭suicide_circus


    how long can revolut go on providing a free service?


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    #12
    SEPT 23 1989
    Registered Users Posts: 43,027 ✭✭✭✭SEPT 23 1989


    how much has that particular bank cost the taxpayer in the last 40 years

    they should have been put out of business years ago


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    #13
    stuff.hunter
    Registered Users Posts: 915 ✭✭✭stuff.hunter


    Raconteuse wrote: »
    Why do people have a problem with a company charging for its service? I am not being smart - it's a genuine question. It's a business, which provides services so it's charging for them. Same as any business, which is accepted as it should be. Why the exception for banks? "They make plenty of money" doesn't mean some services should be free. That could be said about any company.

    banks dont 'store' your money, they are using them for loans making significant amount of profit on it so charging you extra for card transactions (on the top of quarterly fees) is just too much. I've left this kip called AIB years ago and never looked back


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    #14
    Sierra Oscar
    Moderators, Category Moderators, Computer Games Moderators, Society & Culture Moderators Posts: 8,464 CMod ✭✭✭✭Sierra Oscar


    Raconteuse wrote: »
    Why do people have a problem with a company charging for its service? I am not being smart - it's a genuine question. It's a business, which provides services so it's charging for them. Same as any business, which is accepted as it should be. Why the exception for banks? "They make plenty of money" doesn't mean some services should be free. That could be said about any company.

    I'll keep moving so long as there are other cheaper alternatives that allow me keep more of my money in my back pocket.

    That's just business as you say.


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    #15
    Ipso
    Closed Accounts Posts: 5,995 ✭✭✭Ipso


    Lu Tze wrote: »
    Guess we will all go back to inserting the card and putting in the pin for each transaction, assuming it is only for contactless based on the statement.

    What do you think it is, the 2010s.


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    #16
    Raconteuse
    Closed Accounts Posts: 2,817 ✭✭✭Raconteuse


    Sierra Oscar wrote: »
    I'll keep moving so long as there are other cheaper alternatives that allow me keep more of my money in my back pocket.

    That's just business as you say.

    Extremely sensible. But it doesn't answer my question - why do people have such a problem with a business charging for a service? You even say you switch for the cheapest service - nothing about the free-est service.

    Do people think AIB is the only bank that charges too?


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    #17
    Hungrycol
    Registered Users Posts: 2,246 ✭✭✭Hungrycol


    https://www.ccpc.ie/consumers/money/banking/switching-accounts/

    Moving banks ^^


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    #18
    Greyfox
    Registered Users Posts: 3,726 ✭✭✭Greyfox


    Raconteuse wrote: »
    Why do people have a problem with a company charging for its service?

    Because its a sneaky charge that they know they will get away with as for most people changing bank is too much hassle.


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    #19
    Skylinehead
    Registered Users Posts: 11,690 ✭✭✭✭Skylinehead


    Greyfox wrote: »
    Because its a sneaky charge that they know they will get away with as for most people changing bank is too much hassle.

    How is a well-publicised charge "sneaky"?


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    #20
    stuff.hunter
    Registered Users Posts: 915 ✭✭✭stuff.hunter


    Greyfox wrote: »
    Because its a sneaky charge that they know they will get away with as for most people changing bank is too much hassle.

    +1
    on the top, they're going to sell their atms to euronet so another 2euros charge for atm withdrawals ... great bank aib is


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    #21
    Raconteuse
    Closed Accounts Posts: 2,817 ✭✭✭Raconteuse


    Skylinehead wrote: »
    How is a well-publicised charge "sneaky"?
    And it's for a service. It's not for nothing.


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    #22
    cal naughton
    Registered Users Posts: 379 ✭✭cal naughton


    stuff.hunter wrote: »
    +1
    on the top, they're going to sell their atms to euronet so another 2euros charge for atm withdrawals ... great bank aib is

    Link to this important news please


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    #23
    stuff.hunter
    Registered Users Posts: 915 ✭✭✭stuff.hunter


    cal naughton wrote: »
    Link to this important news please

    https://www.independent.ie/business/aib-sells-500-atms-to-american-cash-management-company-38996855.html

    further read:
    https://www.independent.ie/business/irish/banks-plan-to-sell-off-a-thousand-of-their-atms-38897781.html

    quoted 'People in other countries are charged fees of up to €3 every time they want to withdraw cash from independently operated ATMs.

    Chairman of the Consumers' Association Michael Kilcoyne warned the same was likely to happen here.
    and
    'Some independently operated ATMs in this country already have charges for tourists whose home account is not in euro. The fees are up to €3.95 for withdrawing their funds in euro.'


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    #24
    Alun
    Registered Users Posts: 21,432 ✭✭✭✭Alun


    stuff.hunter wrote: »
    +1
    on the top, they're going to sell their atms to euronet so another 2euros charge for atm withdrawals ... great bank aib is
    Only the ones in shops, shopping centres etc. not the ones in the banks themselves.


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    #25
    cal naughton
    Registered Users Posts: 379 ✭✭cal naughton


    stuff.hunter wrote: »
    https://www.independent.ie/business/aib-sells-500-atms-to-american-cash-management-company-38996855.html

    I meant about being charged 2 euro


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    #26
    stuff.hunter
    Registered Users Posts: 915 ✭✭✭stuff.hunter


    cal naughton wrote: »
    I meant about being charged 2 euro

    2euro was just a hint, it will be most likely more


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    #27
    stuff.hunter
    Registered Users Posts: 915 ✭✭✭stuff.hunter


    Alun wrote: »
    Only the ones in shops, shopping centres etc. not the ones in the banks themselves.

    ...valid point but who is gonna to drive to the branch to use banks own atm?


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    #28
    [Deleted User]
    Posts: 6,192 ✭✭✭ [Deleted User]


    Raconteuse wrote: »
    And it's for a service. It's not for nothing.

    Surely the service is more or less automated though??

    Kinda like garages providing air for pumping wheels,pubs providing tap water for non-drinkers,

    yes its a service,but the costs are minimal to the business and just strikes as ryanair business model of bleeding money from every little thing possible,

    Does anyone honestly believe it will stay at 1c??


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    #29
    Alun
    Registered Users Posts: 21,432 ✭✭✭✭Alun


    stuff.hunter wrote: »
    ...valid point but who is gonna to drive to the branch to use banks own atm?
    If I need cash, which these days is becoming a rarer and rarer thing, I get it out when I happen to be near a banks ATM. Lasts me for months these days. My wife and I only made 10 ATM transactions between us in the last 12 months.


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    #30
    Nermal
    Registered Users Posts: 2,616 ✭✭✭Nermal


    Why can't they just jack up the charges on the sub-€2.5K untermensch instead?


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    #31
    Alun
    Registered Users Posts: 21,432 ✭✭✭✭Alun


    Deleted User wrote: »
    Surely the service is more or less automated though??

    Kinda like garages providing air for pumping wheels,pubs providing tap water for non-drinkers,

    yes its a service,but the costs are minimal to the business and just strikes as ryanair business model of bleeding money from every little thing possible,

    Does anyone honestly believe it will stay at 1c??
    Garages have to pay for the equipment for providing air and water, and pay for maintenance and repairs when idiots drive away with the hose still attached or drive over the nozzle.

    Similarly banks have to pay for the ATM's and the maintenance thereof, including filling them with cash. Presumably the costs of doing this in third party locations are higher than for the in branch machines.


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