AIB stamp duty

[Pinoy adventure]

Hi all

I just checked my AIB online app and noticed a €1.80 charge for stamp duty.
I’ve never seen or heard of this charge on a current account before.
Is this a normal yearly charge ???

Thanks

 

[cloughy]

Cash Withdrawls from ATMs @12c each, cheques if you write them etc.

The govt stamp duty per card used to be €5 but then govt changed to a per transaction charge of 12c up to a max of €2.50 for ATM withdrawls and i think card payments.

 

[Pinoy adventure]

Cloughy I don’t make any cash withdrawals from this account.

 

[jpd]

Then you will have to ask AIB - what kind of card do you have - ATM only or ATM/Debit card?

There may be payments that are assimilated to cash withdrawals. € 1.80 = 15 x 0.12

 

[ClubMan]

Stamp duty on financial cards

Stamp duty is charged on credit cards and charge cards annually. A transaction fee is charged on ATM withdrawals.

www.citizensinformation.ie

Maybe you got cash back and the 12c applies to such transactions also?

 

[Pinoy adventure]

Then you will have to ask AIB - what kind of card do you have - ATM only or ATM/Debit card?

There may be payments that are assimilated to cash withdrawals. € 1.80 = 15 x 0.12

As far as I know it’s a debit card.

 

[Pinoy adventure]

Stamp duty on financial cards

Stamp duty is charged on credit cards and charge cards annually. A transaction fee is charged on ATM withdrawals.

www.citizensinformation.ie

Maybe you got cash back and the 12c applies to such transactions also?

Absolutely zero chance of cash back.

 

[ClubMan]

Here's a list of the stamp duty charges from AIB.

government-fees-and-charges

aib.ie

If it's still not clear what the €1.80 comprises then you'll have to ask AIB themselves.

 

[newirishman]

Absolutely zero chance of cash back.

If you use your card to buy stuff, you are charged 12c per transaction. If you use your card to take money out of an ATM, you are charged 12c per transaction. This is to an upper limit of €2.50 for ATM transactions, and €2.50 for other card transaction (like tapping, or chip&pin).

 

[jpd]

Stamp Duty is charged on cash withdrawals not for payments made by the card

 

[jpd]

The type of card will be written on the card

 

[Gordon Gekko]

I keep an AIB account for emergencies with €200 in it. I notice there’s a 12c stamp duty charge there today and I haven’t withdrawn any cash.

 

[masterboy123]

I have been charged €0.36 on my AIB current account. It says Stamp Duty on the transaction. Never got charged this before!

 

[Komori]

Got charged €3 stamp duty today. Is this in addition to bank charges?
I rarely take actual cash out.

 

[Pinoy adventure]

I have been charged €0.36 on my AIB current account. It says Stamp Duty on the transaction. Never got charged this before!

I’ve never seen this charge either.

 

[Don007]

I got charged 5euros stamp duty and I don't know what it relates to

 

[jpd]

€ 5 is the max annual stamp duty (tax) for a ATM/debit card - the liks above explain all this

 

[Protocol]

These fees always existed, except it used to be a fixed fee per card/account per annum.

Credit card = 30 euro or 40 euro
Debit card = 5 euro

 

[ClubMan]

These fees always existed, except it used to be a fixed fee per card/account per annum.

Credit card = 30 euro or 40 euro
Debit card = 5 euro

The 12c per ATM cash withdrawal with a €2.50 (ATM only card) or €5 (ATM and debit card) annual cap has been in force for 5+ years now so it's nothing new...