AIB Fees and charges

Merowig

Deleted User wrote: »

Just got my list of fees for the last quarter, I can see why they're no having these "rewards".

Keep constantly over 2.5k in your account and the acount becomes free of fees.
https://aib.ie/our-products/current-accounts/A-way-to-bank-for-free

Merowig

Merowig wrote: »

Keep constantly over 2.5k in your account and the acount becomes free of fees.
https://aib.ie/our-products/current-accounts/A-way-to-bank-for-free

Wow, didn't know that. I'll keep 2500 in there and then start saving using other means.

nikkibikki

Merowig wrote:

Keep constantly over 2.5k in your account and the acount becomes free of fees.

You make it sound so easy.....

Merowig

nikkibikki wrote: »

You make it sound so easy.....

I am aware that people are in different situations and some struggle weekly/monthly.
Generally people should have savings for 6 months of expenses - in case something unexpected happened (e.g. loss of the job, car break down).
In order to achieve savings one has to maximise earnings (which means one might be forced back into education/ changing jobs) and minimise spendings.
Here, budgeting might help to make the salary last longer. (AIB has as well a budgeting tool which is ok'ish )

TerrorFirmer

Deleted User wrote: »

Wow, didn't know that. I'll keep 2500 in there and then start saving using other means.

Had no idea that was the case either and I was just bitching about it the other day, the crazy quarterly fees. I transfer all my savings to a different account.

That's about €100 saved a year now!

Thegalwayman

TerrorFirmer wrote: »

Had no idea that was the case either and I was just bitching about it the other day, the crazy quarterly fees. I transfer all my savings to a different account.

That's about €100 saved a year now!

Just switch banks KBC fee free and PTSB also without having to worry about temporarily dipping below 2500 after a good weekend or unanticipated DirectDebit. PTSB do the same rewards scheme if that makes a difference

lau1247

TerrorFirmer wrote: »

That's about €100 saved a year now!

That is a very high banking fee. Have you got more than one account? My quarterly fees comes in at about €10 so that makes it about €40-€50 per year.

BOI is the worst, €5 gets taken every quarter no matter how much you keep in there and if you are below a certain threshold, you get charged additional banking fees.. how are people still banking with them is beyond me.

Nalz

wiggy123 wrote: »

has the lidl offered stopped? bought shopping on the card over a week ago, didn't get the €10 back yet.. anyone in same boat?

Think that ended on 31st May

Merowig wrote: »

Keep constantly over 2.5k in your account and the acount becomes free of fees.
https://aib.ie/our-products/current-accounts/A-way-to-bank-for-free

or take out a mortgage with AIB :-o

masterboy123

Is KBC totally free? What if i withdraw money using card or pay using card?

Thegalwayman wrote: »

Just switch banks KBC fee free and PTSB also without having to worry about temporarily dipping below 2500 after a good weekend or unanticipated DirectDebit. PTSB do the same rewards scheme if that makes a difference

Thegalwayman

masterboy123 wrote: »

Is KBC totally free? What if i withdraw money using card or pay using card?

KBC.ie will answer this for you

Sniipe

Nalz wrote: »

or take out a mortgage with AIB :-o

sorry, whats that now? If I have an AIB mortgage I don't need the €2500 in the account? Is this a new rule?

styron

masterboy123 wrote: »

Is KBC totally free? What if i withdraw money using card or pay using card?

The Student current account is free. Their standard current account has charges:



https://www.kbc.ie/our-products/kbc-current-account/current-account

Creamy Goodness

The extra current account has no fees if you lodge a min of €2,500 a month. the balance can change at any time and you're not penalised like you are with AIB.

https://www.kbc.ie/our-products/kbc-current-account/current-account/extra

Quazzie

Creamy Goodness wrote: »

The extra current account has no fees if you lodge a min of €2,500 a month. the balance can change at any time and you're not penalised like you are with AIB.

https://www.kbc.ie/our-products/kbc-current-account/current-account/extra

Does that mean if I lodge 2500 from my savings and then transfer it back into my savings the next day I get free banking?

Creamy Goodness

Quazzie wrote: »

Does that mean if I lodge 2500 from my savings and then transfer it back into my savings the next day I get free banking?

That'd be a question for them I'm afraid (I'd see no problem with it but then again I'm not a bank). I've been warned about dragging this thread off topic when it initially opened. Don't want to do it again.

styron

Quazzie wrote: »

Does that mean if I lodge 2500 from my savings and then transfer it back into my savings the next day I get free banking?

Switching to a KBC current account includes it being a payment account:

Note: A payment account is an account that lets you lodge funds, withdraw cash, and make and receive payment transactions. It is the main bank account that you use for your day-to-day banking. For the purposes of switching, a payment account includes the KBC Basic Payment Account. Please check with your existing provider whether or not you can switch your payment account to one with another provider.

... You can opt to keep your existing account open or close your old account on your Switch Form.

Step 2: We will contact your old bank to arrange the transfer of all your Direct Debits and Standing Order payments from the switching date provided. Once you have received the listing of any Direct Debit and Standing Order payments from your old bank, check this information carefully and contact us immediately if you think something is not right. If you have direct debit originators that are outside of Ireland, you will need to notify them yourself of the changes to your account details.

https://www.kbc.ie/our-products/kbc-current-account/current-account/changing-banks

Mods - apologies for off topic.

Merowig

Sniipe wrote: »

sorry, whats that now? If I have an AIB mortgage I don't need the €2500 in the account? Is this a new rule?

No it's not new
https://aib.ie/our-products/mortgages/mortgage-benefits

Can a moderator splitt the current account discussion into a new thread?