AIB have hiked current account fees for their customers. This follows BoI's increase.
The fee changes will be announced tomorrow.
http://businessetc.thejournal.ie/aib-new-bank-charges-965086-Jun2013/
You can still avoid the fees.
(1) Teen accounts still have no fees.
(2) Student accounts still have no fees.
(3) Graduate accounts still have no fees.
(4) 60+ accounts still have no fees.
(5) Maintaining a minimum daily credit statement balance of €2,500 each and every day for each fee quarter. NB: There is an opportunity cost to this.
(6) Switch to PTSB who have free banking if you deposit at least 1,500 EUR per month.
The fee changes will be announced tomorrow.
http://businessetc.thejournal.ie/aib-new-bank-charges-965086-Jun2013/
The cost of an ATM withdrawal, or an automated cheque and cash lodgement, will go from 20c to 35c.
The fee charged for staff-assisted transactions goes from 30c to 39c.
There’ll be a 39c charge for an incoming credit transfer - again, increased from 30c.
Customers will be charged 20c to process each each paper-based non-cash lodgement, such as a cheque or bank draft.
Customers will be charged €3 to send a domestic bank draft, up from €1.90, and €7 to send a draft in a foreign currency – a 37 per cent increase from the current rate of €4.44.
The €2.54-per-page charge for a duplicate bank statement will also rise, to €3 per page.
In addition, from September 14 customers will be charged €4.50 to set up a manual standing order, and €2.50 to amend or cancel that order.
You can still avoid the fees.
(1) Teen accounts still have no fees.
(2) Student accounts still have no fees.
(3) Graduate accounts still have no fees.
(4) 60+ accounts still have no fees.
(5) Maintaining a minimum daily credit statement balance of €2,500 each and every day for each fee quarter. NB: There is an opportunity cost to this.
(6) Switch to PTSB who have free banking if you deposit at least 1,500 EUR per month.