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Mistakingly overpaid fix rate mortgage what will happen.

irish_bhoy82 · 2022-11-03 21:30:21

Hi Guys, I have a fixed rate mortgage with AIB but I mistakingly used my mortgage bank details for a small payout from an insurance company(40 euro) I must have entered the wrong IBAN for a claim as it has showed up in my Mortgage account. I was just wondering if I should be worried about this that they may cancel the…

03-11-2022 10:30pm

#1

irish_bhoy82

Registered Users Posts: 218 ✭✭

Join Date: May 2008

Posts: 202

Hi Guys, I have a fixed rate mortgage with AIB but I mistakingly used my mortgage bank details for a small payout from an insurance company(40 euro) I must have entered the wrong IBAN for a claim as it has showed up in my Mortgage account. I was just wondering if I should be worried about this that they may cancel the fixed rate deal or as it's such a small amount will they just carry on as before.

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Comments

#2 03-11-2022 10:35pm

spakman

Registered Users Posts: 1,126 ✭✭✭

Join Date: April 2015

Posts: 1110

Most banks allow you overpay your fixed rate by around 10% so €40 is very unlikely to cause any trouble I'd say

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#3 03-11-2022 10:41pm

Wheety

Registered Users, Registered Users 2 Posts: 5,512 ✭✭✭

Join Date: May 2008

Posts: 5330

Depending on your rate, you may be charged a break fee but it'll only be based on the €40. You won't lose your fixed rate.
More than likely you won't be charged a fee though as rates have gone up recently.

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