AIB Lucky 300 - cheque received

Thanks a million for posting that MarkMul - we are a moved to other bank (in 300) so still awaiting any letter - if anyone gets a Letter like this for a closed account would they mind posting the basic info pls
 
Hi Mark

That is great.

This is the key bit



We still don't know though what the interest rate you would have been offered was.

Brendan
 
Brendan Burgess said:
We still don't know though what the interest rate you would have been offered was.
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Disgraceful. They have had 4 months to prepare. I believe the reason they cannot tell what the rate will be, is because they have done absolutely nothing on these 300 accounts to date. They could have sent this letter weeks ago as there is nothing in there that needed the accounts reviewed. They probably thought lets get the 5600 out of the way and then deal with the others!! Why am I surprised!!
 
The 5,600 are relatively easy to calculate.

The 300 are much more complicated.

But it's not complicated to send a letter to the 300 telling them that they are in for a big payout.

Brendan
 
Brendan - eventually got our cheque on A moved account (thanks so much to you and Karen) note the difference between what markmul got and what I got in relation to the 300 TME Next steps - does that mean we will have to appeal to beg for a tracker back as opposed to MarkMul not having to appeal ? Thoughts ??
 

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Thank you @MarkMul it is great to see the letters impacting the 300 are finally starting to arrive, hope mine will arrive soon too! I shall keep you posted!!
 
Sambo

If you have moved to another bank, they would not be able to automatically give you a tracker.

So you will have to do the following
1) Apply for a refund of the difference between what you would have paid on a tracker and what you actually paid since you moved
2) Apply to move back to AIB on a tracker
3) Apply for additional compensation if you deserve more than the automatic 15% which will be paid.

It's not a question of begging. There is not other way of doing it.

Wait until you get the letter.

Brendan
 
Hi all
Finally received the letter this morning part of the 300 sub group. Absolutely delighted with the outcome although seems like the interest was calculated on simple formula as slightly less, also only up to the time Account closed January 2017. We are still with aib so will wait to see what they come back with in October I think.

thanks again to all involved getting this far
 

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I’m one of the 300.

I had sold the property and discharged the mortgage.

I received a cheque today for the full amount Aib say is due based solely on the FSPO decision - ie an amount the equivalent of the 12% capital reduction plus the interest on that 12%.

Aib states it will write to me again within 2 months with any further payment due under their examination of my account under the Tracker Mortgage Examination.
 
Woo-hoo! Post arrived late today, but the 5K cheque arrived ... the process begins!
 
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