A Way to Bank Free of Maintenance and Transaction Fees¹

Personal customers have the opportunity to qualify for maintenance and transaction free banking.

Qualifying Criteria:

Up to and including Friday 25th May 2012:
Personal current account (including cashsave account) customers who hold an AIB Debit Card and are registered for AIB Phone & Internet Banking² can qualify for maintenance and transaction free banking on that account in each fee quarter by completing the following transactions on the account:
1. at least one purchase transaction using their AIB Debit Card in each fee quarter³
AND
2. at least one debit transaction using AIB Phone & Internet Banking² in each fee quarter³

From Monday 28th May 2012:
Personal current account (including cashsave account) customers who maintain a minimum daily credit statement balance of €2,500 in the account for each fee quarter³ can qualify for maintenance and transaction free banking.

The statement balance is the end of day account balance. It is not impacted by any uncleared items, such as cheque lodgements or pending debit card transactions.
Customers are responsible for making provision for any debit transactions that could bring the account balance below €2,500. This includes debit interest, quarterly maintenance and transaction fees, other bank charges and government stamp duty.

Notes:
¹Certain other charges may still apply, see "A Guide to Fees and Charges for Personal Accounts". This offer is available until further notice. This qualifying criteria applies to personal current accounts, with the exception of Online Overdraft and Masterplan products. Students, Graduates and AIB Advantage customers will continue to be eligible for maintenance and transaction free banking as per existing terms & conditions.
²AIB Phone & Internet Banking includes AIB Phone Banking, AIB Internet Banking and AIB Mobile Banking
³Quarterly transactions must be carried out each quarter and debited to the account on or before the last Friday being a business day of February, May, August and November.

Please Note:

• Each personal current account must qualify in its own right.
• As per existing Terms & Conditions, any transactions carried out on a non business day e.g. Saturday 26th & Sunday 27th May 2012 will be deemed to have been completed on the next business day, i.e. Monday 28th May

Notes:
⁴ Non-euro transactions will attract the normal foreign exchange charges, commissions and scheme fees. Please see our booklet 'Schedule of International Transaction Charges'.

New Criteria FAQs

What happens if my account falls below the €2,500 credit threshold?

Your account will be charged account maintenance and transaction fees for the entire fee quarter. For example, fees will post on the 17th September (for the fee quarter from 28th May - 31st August 2012) if the account has not met the revised criteria.

What balance do you mean?

The revised criteria refers to the daily statement balance. You can view this balance when you receive your statement or e-Statement (it is the balance that appears in the Balance column), on AIB Phone, Internet or Kiosk banking or at an AIB ATM.
Customers are responsible for making provision for any debit transactions that could bring the account balance below €2,500. This includes debit interest, quarterly maintenance and transaction fees, other bank charges and government stamp duty.
This balance is not impacted by any uncleared items, for example a cheque you may have lodged but has not yet cleared or if you have completed a Debit Card transaction, but the retailer has not yet been taken from your account.

When are fees charged?

Account fees are calculated quarterly on the last business Friday of February, May, August and November. The fees are then charged to your account on the 16th (or where the 16th is not a business day, the next business day) of March, June, September & December.

*Revised criteria applies until further notice.

How can I minimise my transaction fees?

If you don't qualify for maintenance and transaction free banking, you can still reduce the level of your fees by using automated/self service transactions whenever possible.

For information on how you can minimise transaction fees click here

Who do I contact if I have any other queries?

• Call the Customer Helpline 0818 227058
• Contact your local branch

Important / Regulatory Wording

Debit Cards are liable to annual Government Stamp Duty EUR2.50 per card applies where the card is used for either an ATM/In Branch transaction or a Point of Sale transaction, and EUR5.00 per card applies where the card is used for both. Government stamp duty of EUR 0.50 per cheque applies.

• Important Information

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