AIB to increase charges

AIB is hiking its charges for personal and business customers from the end of August.

AIB to increase charges

AIB is hiking its charges for personal and business customers from the end of August.

The charge for a current account holder using an ATM machine will go from €0.20 to €0.35 — a hike of 75%.

Business customers will see their ATM charges go from €0.15 to €0.35 — up over 133%.

For paper and staff assisted transactions - including cheques or withdrawals inside a branch or post office - current account holders will be charged an extra 9 cent, bringing the fee up to 39 cent.

Foreign currency charges will also jump from €4.44 to €7, while the price of setting up a standing order will go from zero to €4.50.

In a statement, AIB said the new fees and charges would equate to an additional €0.75 on average per month for personal customers and €1.90 per month for business customers, while close to 40% of its current account customers would continue to qualify for maintenance and transaction-free banking.

The bank is also extending the period in which it is providing Contactless payments free of charge until February 2014.

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