AIB should give €3.5m to Noble cause

AIB DID itself no favours yesterday in its response to the first round of the IFSRA investigation into its charging policies across its foreign exchange rates and other matters.

The financial regulator decreed the country’s biggest bank owed customers over €34m for overcharging on foreign exchange transactions and other matters.

But the bank has strongly denied it overcharged in the foreign exchange arena for a period of eight years.