AIB to repay €1.4m after student fees blunder

AIB is to pay back €1.4 million to 34,000 third-level students after ongoing investigations into overcharging at the bank found fees were wrongly levied on student accounts.

AIB said last night that advertised discounts, which were available to full-time students and graduates, were not applied in all cases dating back to the 1990s.

AIB also disclosed that €400,000 in fees were not charged to some former student and graduate customers who received discounts for longer periods and for larger amounts than advertised.