Allied Irish Bank (AIB) has announced it will now NOT be increasing current account fees as originally palanned for he end of May 2020.
The bank were planning on removing the existing option of fee-free banking for customers who keep at least €2,500 in their current account.In the light of the current Covid-19 outbreak these plans are now suspended.
THis would have meant that all AIB customers would be charged a quarterly maintenance fee of €4.50 and all transaction charges on top of that. (Some customers are exempt – see below)
AIB Transaction Charges
Automated Transactions (Direct Debit/ Standing Orders) 20c.
ATM withdrawals 35c
Machine Lodgements 35c
Cheque Processing 39c
Debit Card Transaction 20c
Over the Counter Transaction 39c
AIB were also planning on introducing a 1c transaction charge for contactless payments on May 30th 2020. But in the light of the current Covid-19 outbreak AIB have also suspended the introduction of the contactless fee.
See how these AIB fees compare to the other Irish bank’s charges and find out how you can still get free banking in Ireland
Exemptions From AIB Charges
- Student accounts,
- graduate accounts,
- Advantage accounts ( for those over 66),
- basic bank accounts and
- current accounts used to pay AIB residential mortgages
Free Banking is available in Ireland from N26