AIB charges end ‘era of free banking’

The era of free banking is dead — the head of the Consumers’ Association of Ireland, Dermott Jewell, has said after AIB announced a raft of new charges.

Consumer groups have also advised customers to shop around for a better deal.

From May 28, AIB will begin charging customers — who do not maintain a minimum of €2,500 in their current accounts — transaction fees and maintenance charges.