Currency Deposit Account

A Currency Deposit Account with AIB Customer Treasury Services allows you to make and receive foreign currency payments in a particular currency without the need to convert the funds into euros. It can help protect you against adverse exchange rate movements, eliminate foreign exchange conversion costs and allow you to take advantage of the opportunity to earn interest on your surplus currency funds.  Depending on your requirements, you may choose from either a Currency Call Deposit Account on NSC 93-00-67 or a Currency Fixed Term Deposit on NSC 93-00-67.

General Features applicable to Currency Deposit Accounts

• Available to both personal and business customers
• Available in all major currencies
• No cash lodgements or withdrawals allowed
• Access to a dedicated Customer Service Unit will ensure that any queries you may have in relation to your Currency Deposit Accounts and transactions will be dealt with as quickly and efficiently as possible
• Note: Joint Accounts are available to a maximum of 4 parties.
  

  Our Customer Service Unit may be contacted on (01) 6115210 and is available from 9am to 5.15pm, Monday to Friday (excluding Republic of Ireland Bank Holidays).

Currency Call Deposit Accounts NSC 93-00-67-Specific Features

• Interest is payable on the balance in the account. The interest rates are variable and are adjusted weekly in line with market fluctuations for the particular currency. The interest rate applied also varies depending on the balance held in your account

• Interest is paid on Call Currency Deposit Accounts semi - annually in March and September
• Competitive transaction fees and charges apply
• Ability to net off currency  payables and receivables
• Ability to withdraw funds from your account at any time
• Business customers can access these accounts via iBusiness Banking allowing greater flexibility in tracking of transactions and balances, as well as the ability to make payments online.For further information on iBusiness Banking please click here
• Note: Joint Accounts are available to a maximum of 4 parties.

A Guide to Currency Accounts NSC 93-00-67 including Terms and Conditions

The above Terms and Conditions will be amended with effect from 16th April 2012. The revised version is published below:

A Guide to Currency Accounts NSC 93-00-67 including Terms and Conditions - April 2012

Currency Fixed Term Deposit Accounts NSC 93-00-67 – Specific Features

• A fixed rate of interest is payable on the balance in the account for the term of the investment
• The investment terms vary from one week to 364 days
• Interest is paid on maturity of the Currency Fixed Term Deposit

• Instructions regarding re-investment or repayment of the fixed deposit are required two business days prior to the end of the investment term
• There are no transaction fees on these accounts
• Business customers can access these accounts via iBusiness Banking allowing greater flexibility in tracking of transactions and balances. For further information on iBusiness Banking please click here
• Customers do not have the ability to make payments from Currency Fixed Term Deposit Accounts online
• Note:  Joint Accounts are available to a maximum of 4 parties    
• Mid term lodgements and withdrawals are not permitted on these accounts. If the agreed term of your Currency Fixed Term Deposit Account is broken an Administration Cost* will be applied and a funding cost may be applied where applicable. 

*Administration Cost EUR 63.50 (currency equivalent levied to the Currency Fixed Term Deposit Account) + Funding Cost** (where applicable)

**Funding Cost represents our costs in replacing your deposit with a corresponding fixed deposit for the period from the date of your withdrawal to the original Maturity Date of the Currency Fixed Term Deposit Account.

To open a Currency Deposit Account please contact your AIB Branch or Relationship Manager

A Guide to Currency Fixed Term Deposit Accounts NSC 93-00-67 including Terms and Conditions

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