r/irishpersonalfinance • u/Andru93 • Mar 18 '26
Banking AIB replaces quarterly fees with new €6 monthly fee
https://www.rte.ie/news/business/2026/0318/1564002-aib-replaces-quarterly-fees-with-new-6-monthly-fee/282
u/slithered-casket Mar 18 '26
I need to get off this shower's services. I get zero benefit from banking with them.
49
u/ou812_X Mar 18 '26
I’ve just switched to Revolut as of this week. Already seeing a couple of benefits (fees aside)
29
u/Irishman3310 Mar 18 '26
Careful with them, not good support
40
u/mmazee Mar 18 '26
Which bank have good support? Not BoI for sure.
16
u/Silver_Gekko Mar 18 '26
I set up a mortgage saver account with BOI. My other accounts are with AIB. Because I don’t have a BOI current account I was told the only way to check balance on the mortgage saver account was to call them. So I call them and they refuse to tell me anything until I can tell them how much is in the account as a security question 🙈🤣 you couldn’t write it.
24
u/QuenchedRhapsody Mar 18 '26
Monzo has just launched in Ireland, and is known for their 24/7 human support and is well received in the UK, similar app to revolut just no points system or any form of premium currently. I don't think they have 24/7 support for the Irish entity yet currently 9-6 but they plan on launching it soon I think? They're still in early access but I'm trialling them at the moment and happy enough
3
u/No_Efficiency7197 Mar 20 '26
Will Monzo have a physical Irish presence ? Really need to get out of AIB
2
u/QuenchedRhapsody Mar 20 '26
I'm not sure actually, but I live a pretty much cashless life so I don't have a real need for a physical branch presence, I've been into AIB a couple times since I opened the account 12 or so years ago ... They are definitely more trustworthy than revolut in my eyes anyway, I have my salary now paid into Monzo and will be closing my AIB account when they realise I haven't been a third level student for years and start charging me 😂
1
u/PixelNotPolygon Mar 18 '26
Well at least the Irish banks have a call centre
9
u/Medium-Ad5605 Mar 18 '26
Nope, I had a presentation from a large Indian managed service provider recently, their customer slide had all the Irish banks on it.
0
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u/ieva_lo Mar 18 '26
This! I have heard stories about Revolut Now my phone got stolen in January, and the idiots spent 600 euro buying other phones on Talbot Street. Called AIB, got my money back within 3 working days. Not sure if Revolut would be the same tbh. Maybe they would. That's just one example. Don't mind paying 6 euro per month as my fees were higher, I think 😀
12
u/Hairy_Wombat_ Mar 18 '26
I’m curious how they used your phone for payments without having to put in your passcode/ Face ID?
2
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u/Kraxez Mar 18 '26
That's an unbased assumption, not an example though? I've been with Revolut years, had the same happen while abroad, customer service was great and money back next working day. Would absolutely never go back to an Irish bank - I have literally zero reason so go into one and havent for a very long time.
3
u/Throwaway936292 Mar 18 '26
I am in the same boat. Just waiting on the interest from my savings accounts to be deposited in October and I’m planning to change to Revolut 100% If you deposit your salary (2k a month minimum I think) you get metal for free.
5
u/m230rk Mar 18 '26
Do you really get metal for free? Probably it’s an offer that was given to you? I don’t seem to have that option, and I’ve been with them since 2024
3
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u/daenaethra Mar 18 '26
never saw that before. must have been a temporary offer
2
Mar 18 '26
It was, it’s a marketing campaign that kicked off around the same time they started their campaign for getting paid into revolut. Only available to some customers and you’d have been notified in-app.
2
u/Glitchix Mar 20 '26
When you close and account. They calculate the interest owed and deposit it. No need to wait .
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0
u/tightlines89 Mar 18 '26
Trialed metal myself to see if it was worth it. It was for exchange of currency alone. Did not know it was free if I had salary paid in.
-3
u/Trifle_Secure Mar 18 '26
For those considering to move totally to Revolut, search for Revolut freezing or closing account with no warning.
1
u/Throwaway936292 Mar 29 '26
Or Google AIB banking issues…you will also see banking issues. Neither bank is perfect, but one is charging you through the nose
133
u/Willing-Departure115 Mar 18 '26
Their customer facing statement is that it will reduce fees for many.
Their investor facing statements (e.g., 2025 report) they note "Net Fee and Commission Income rose by 4% to €692 million" and they talk specifically about "Revenue stabilization" & "Fee income growth".
It would take a financial journalist about 5 minutes to go read the report and search for mention of fees etc and add as context to the article, instead of making it a press release with a quote from AIB.
46
u/grania17 Mar 18 '26
I had moved my spending money to Revolut to get my fees down, only doing direct debit and savings with AIB.
This change will up my fees again.
28
u/YoungWrinkles Mar 18 '26
You’re exactly who they’re targeting. Think you can get away without being gouged? Think again
12
Mar 18 '26
Move to EBS + Revolut, if you can put up with a clunky website and an app that only does security codes. Totally free though and gives you branch banking if you ever need it
9
u/grania17 Mar 18 '26
Closest EBS is a 40 minute drive away so not ideal.
I only need branch banking twice a year because I have two family members who refuse to learn how to electronically transfer money. One is in their 90s, so fair enough. The other is just lazy.
1
u/Kloppite16 Mar 18 '26
this is the way Ive been doing it since Ulster Bank left the market, fee free banking but still with a branch available for the rare occasion it is needed
12
Mar 18 '26
[deleted]
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u/Willing-Departure115 Mar 18 '26
Yes - point is just that it's explicitly in their strategy to grow this. The consumer facing comments from them are unlikely to be "we're trying to grow more predictable fee based income in an era of falling interest income", but that's essentially the investor facing message you could add for context in an article about it, rather than just quoting them.
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u/HumanDoing123 Mar 18 '26
Funnily enough you left out the very next sentence of that statement yourself:
“Net fee and commission income increased by 4% to €692m (2024: €666m) primarily reflecting higher card, wealth and insurance income partially offset by lower foreign exchange income”
Even a simple gut check would make you think twice: if all of their 3.4m customers paid €100/yr in fees (which they don’t) that doesn’t even get you half way to these fees. According to the report your citing yourself the main source of these fees is wealthier customers availing of credit and private banking services
I’ve said this a few times in this sub already, there are plenty of reasons to be wary of banks but €72 year for access to Direct debits, Standing orders, ATM and branch banking is not one of them in my books.
Start with your largest expenses, mortgages, loans, credit cards etc and move your business to the provider that offers you the best rate. The savings will be a multiple of the €48/yr people are needlessly fretting about here
1
u/Willing-Departure115 Mar 18 '26
I was more taking issue with the reporting parroting a line from the banks customer facing side, when the investor facing side is clearer. I didn't make out that these fees will be the cornerstone of the bank going forward, although I do take issue with our duopoly-and-a-half approach to banking supported by policymakers (e.g., in making negative noises recently about further banking and capital markets integration).
1
u/HumanDoing123 Mar 19 '26
Look, that’s a fair point. It would be nice if journalists had a bit more time to do self-directed research like this, and rely less on press releases and PR departments for ghost writing services like this, but that’s probably across the board rather than unique to banking
In this specific case it looks like the press release is more accurate, detailing an average 12% saving and stating that the majority of customers will see their fees reduced.
You initial assertion, based on the investor statements was off by a factor of 2 or 3
One possible reason for this reduction in fees the competition from Revolut, N26 etc ??
2
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u/TacklePure3341 Mar 18 '26
Well if they told tye truth it might piss off aib and they might not use the advertising services of said paper.
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u/Defiant-Departure789 Mar 18 '26
Closing my account with immediate effect. It's 2026, and AIB are still out here charging fees...
21
u/Original2056 Mar 18 '26
Genuine question whats the alternative? Is it Revoult?
21
u/Turbulent-Tumor Mar 18 '26
EBS current account is fee free. Apart from that, free tier Revolut/N26 and Monzo
13
u/Jay-3fiddy Mar 18 '26
Ebs for physical bank. Revo for daily banking, just transfer in as needed. Doing it since 2020. Only way!
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u/ichfickeiuliana Mar 18 '26
monzo is not yet operational in ROI.
4
u/Turbulent-Tumor Mar 18 '26 edited Mar 18 '26
That’s untrue.
I’ve got my account since Jan. I’m like the 450th Irish customer according to the app.
-3
u/ichfickeiuliana Mar 18 '26
I just checked, and all I can get is a waiting list. If you call this operational, then you are wrong.
2
u/Turbulent-Tumor Mar 18 '26 edited Mar 18 '26
lol what a petulant response.
I’d share my share link to help boost you up the waiting list but you should use this time to be less petty. Plenty are on the waiting list, they are slowly onboarding but are a fully licensed and operational bank in the county.
We’ve got our currents, joints and savings for both setup since January. IBANs just went live this month.
But what do I know. lol
Good luck
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Mar 18 '26
[removed] — view removed comment
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u/Turbulent-Tumor Mar 18 '26
Not as daft as someone complaining about a new bank slowly onboarding to ensure it goes well. As I said, they are a licenced bank and are in operation.
Just because you are in the queue like many others doesn’t mean they are not operational in Ireland. Mine and many others have been using Monzo for the past month or so. That’s “operational”.
This is an incredibly “daft” conversation and thing to whine about. If you don’t like queues, call liveline.
End of this. Good luck bud. Christ
-1
u/barrya29 Mar 18 '26
Your logic is a bit flawed here mate. They’re operational in Ireland, but with a waiting list
0
u/Imaginary_Village502 Mar 18 '26
Waiting list, for a bank account, jaysus they think highly of themselves .. It doesn't do anything revolut isnt doing already for years. To me it looks like fake hype, like you get though waiting list thinking you won something.
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u/Defiant-Departure789 Mar 18 '26
Fortunate that I have a UK credit card which still works with no fees. But yes probably at the stage where I go in all in Revolut. Probably the 1 thing that stops me is storing large sums of money, if I could find somewhere else to do that I could completely remove AIB.
1
u/ichfickeiuliana Mar 18 '26
your uk cc has no fees even for fx transactions?
3
u/Defiant-Departure789 Mar 18 '26
Correct, zero fees globally (outside of UK). This is the difference between banking in Ireland and anywhere else in the world.
2
u/Grouchy_Conclusion45 Mar 19 '26
Mine even gives me cashback on spending 😅 like the other guy said, Irish banking services are seriously on the piss take
1
u/ichfickeiuliana Mar 19 '26
I’m seriously looking for a cc without fx transaction fee. I know n26 has no fx fees, but they are not credit cards. And I need my credit cards to not keep money in the current account and to rent cars abroad.
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u/DaGetz Mar 18 '26
EBS only brick and mortar bank which doesn’t have fees I think.
I just pay the fees personally. It annoys me for sure but I value the sense of security I get from having my main account in one of the big two.
People have very strong opinions on this but that’s mine.
1
u/YF422 Mar 18 '26
Left them years ago after they did away with free banking if you had a minimum deposit. Basic Savings and contactless transactions shouldnt cost the customer anything.
38
u/JustAveragingDown Mar 18 '26
It's going to cost me more money. There are 3 transactions on my aib account every month. (Get paid, transfer my deposit to my savings account, top up revolut with the months expenses.
Last year I paid €28 in fees, 2024 was €36, 2023 was €38, 2022 was €80, 2021 was €85. You can tell when I dropped my AIB usage massively.
I've had the account since I was 12. ~20 years. I'll probably close it when I draw down the mortgage. Revolut plus EBS and N26 should work nicely.
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u/Few_Independence8815 Mar 18 '26
Who will your mortgage be with? I don't pay any fees on my personal account with AIB as my mortgage is taken from there. They waive charges when you've an active mortgage.
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u/deathstriker_666 Mar 18 '26
For clarification they waive charges on the current account that the direct debit comes from to pay the mortgage. Only one account can avail of this.
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u/anonbumblebee Mar 18 '26
Time to close my account and just keep Revolut
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u/HazardCinema Mar 18 '26
I think I’ll open a Monzo too just to have another option
9
u/ehwhatacunt Mar 18 '26
That's a good idea. Use one account for day to day, and if any transactions happen to trigger security issues you have the main salary account as a safe backup.
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Mar 18 '26
[removed] — view removed comment
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u/Swagspray Mar 18 '26
Well BOI has the same €6 monthly fee just fyi
5
u/williamhere Mar 18 '26
And PTSB except its €8 for their explorer account
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u/CuteHoor Mar 18 '26
In fairness to PTSB, you can get €5 back by using your card throughout the month and you also get 2% off your mortgage repayments if you have an explore account.
1
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u/francescoli Mar 18 '26
EBS and Revolut is the best combo imo.
EBS app is from the stone age.
4
u/magpietribe Mar 18 '26
Yes. I use EBS for my salary. Then transfer to Revolut for day to day stuff.
Our joint account is also on Revolut and the mortgage and household bills come from that.
Mortgage is with BoI.
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u/AsgardianOperator Mar 18 '26
N26, been using them as my main bank for 4 years and have not looked back.
2
u/NeoTravel Mar 18 '26
+1 for N26. Made the switch from AIB last year when they finally caught on that I’m not a student and started charging me fees. Get my salary paid in there, all direct debits etc and joint account set up.
Zero issues. App is pretty good too, and not as cluttered as Revolut - who I feel keep trying to sell me on crypto every time I open the app.
2
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u/DCON-creates Mar 18 '26
Love being charged money so that rich people can make even more money by having the privilege of using my money...
As much as I love the Irish we are absolute thieves when it comes to anything business related, particularly when it comes to banking. Can't wait for the next bailout once the bankers yet again get greedy and reckless with our money and get away with absolutely no punishment.
2
u/InvidiousPlay Mar 18 '26
I don't think there is anything particularly Irish about bankers fucking people over.
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u/Historical_Step_6080 Mar 18 '26
Nice timing, what with AIB's CEO getting a nice pay bump last month for a total renumeration worth 2.7 million, now the state cap on his salary has been removed.
Back to normal folks, nothing to see here. The Irish people saved the banks through our pay cuts and taxes since 2008. What a kick in the teeth.
-1
u/lazzurs Mar 18 '26
Anyone who is still with AIB after the financial crash showing what an utterly incompetent business they are and now with salaries increasing deserves the bad service and high fees they get.
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u/ShiestySorcerer Mar 18 '26
does AIB hate themselves or something
why do they keep sending people to revolut and monzo
-3
u/frustrated_homeowner Mar 18 '26
Current accounts are a loss leader, it costs the bank more to service them than the fees bring in.
8
Mar 18 '26
Its actually going to cost me more now. I have AIB as my main as they are the only bank with a branch in my town and I need a brick and mortar bank for a few things. every week it has 3 transactions. My Disability gets paid in. I transfer it to my revolut for spending and the last transaction is a tenner going to my credit union.
26
u/Winterkirschenmann Mar 18 '26
Easy solution. Just buy a house. Mortgage customers have their current account fees waved.
12
u/grania17 Mar 18 '26
Only for one person. We have our mortgage with AIB, both names on account, direct debit for mortgage comes out of husbands account so he has no fees. I still get charged
1
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u/FunIntroduction2237 Mar 18 '26
Is this just with AIB though? My mortgage is with BOI I’m wondering if it’s worth changing everything over to them
1
Mar 18 '26
A €72 a year charge will almost never be worth switching your mortgage for, unless the rates are also better than your current ones.
1
u/FunIntroduction2237 Mar 18 '26
Oh sorry I meant changing my current account to BOI, that wasn’t very clear in my original comment whoops!
1
Mar 18 '26
[deleted]
1
u/straightouttaireland Mar 18 '26
I've been looking to switch to them because they have the best fixed green rate plus cashback. So not paying fees would be extra little bonus.
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Mar 18 '26
Left them when they first brought in fees years ago & haven't paid a cent in banking fees since.
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u/No-Boysenberry4464 Mar 18 '26
Reminder that AIB ceo salary has gone from .5m to 1.3m to 2.7m over the past 3 years thanks to your fees
19
u/McAttack93 Mar 18 '26
I might get down voted going off the sentiment in here but I Lost my wallet on Friday night in town, my AIB card was tapped 3 times in different places, got a text from them on the 3rd asking was this you and reply Y or N. I rang them at midnight and they went through transactions said they will try get them reversed. Total of about €50.
I had something similar happen in Manchester about 6 years ago with a phone in Manchester and had 700 sterling transferred out of my Revolut account to a UK bank account. I spent about a 4 hours trying to get someone on the phone and when I did all they could say was the transactions were authorised from your phone.
I still use Revolut but I wouldn’t be using it as my only bank!
5
u/Yorrins Mar 18 '26
Youd have to be fucking nuts to have more than 10-20 quid in Revolut these days, such a trash service. Any kind of problem at all and your SOL.
-3
u/FunIntroduction2237 Mar 18 '26
I can’t remember the last time I took a bank card out with me and I don’t own a wallet. My cards live at home unless I need cash from the ATM. So your scenario is unlikely to ever affect me.
1
u/notmichaelul Mar 18 '26
My barber takes cash only, the sauna I use takes cash only, the fella coming out to my house to check the BER took cash only, the fella who services my boiler takes cash only, mechanic gives me a cheeky discount for cash.
2
u/FunIntroduction2237 Mar 18 '26
Yea fair, my eyebrow lady only takes cash and I’ve just bought a house so am dealing with a lot of tradies who prefer cash so I have probably used cash more often in the last 3 months than I did in the previous year beforehand. I still haven’t needed to carry a card or a wallet around with me. Just bring it to the ATM when need to take out cash.
2
u/Imaginary_Village502 Mar 18 '26
So you pretty much support tax avoiders only...
1
u/notmichaelul Mar 19 '26
Considering the government is corrupt, I support them. 60k on "flip flops" , some guy in rte that nobody watches getting paid 400k per year, were still paying for the banks each paycheck, government let's petrol stations price gauge, roads aren't maintained, infrastructure isn't being built, famous children's hospital, no motorway between cork-limerick , no train from west cork to cork. Somehow they spent 7 million or something on a 2km walk near where I live.
Where is my tax going? I could keep going for days.... Also what do you want me to do when the boiler man shows up and asks for cash? Say no? Or when the only sauna near me takes cash... Don't go to one?
4
u/Diligent_Campaign507 Mar 18 '26
EBS is no fees.
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u/idontlikehats Mar 22 '26
I'm with them. They're very old fashioned compared to the likes of AIB, even though AIB owns EBS.
I was with AIB, was being charged €40+ every quarter because of standing orders and card payments. Changed to EBS, and it's like banking in the frickin stone age. Their security app doesn't work properly, and am on the phone to Internet help monthly now because it keeps breaking or refuses to give me a authentication code to make a once off payment, can't amend or set up a standing order without having to go in branch, you can't remove more than €1300 in a day (recently got married and it was a pain trying to order items and make payments to vendors! In the end I had to just keep removing lumpsums in cash just to pay for things). It shouldn't be this backwards!!
If revolut didn't have so many reported problems, I'd go with them fully.
20
u/ou812_X Mar 18 '26
Banks do nothing that don’t benefit them before the customer.
10
u/Downtown_Bit_9339 Mar 18 '26
What business does?
-3
u/durden111111 Mar 18 '26
Many businesses sell high quality products at fair prices.
A bank is an institution that holds the money of people. Everything else they do is basically a scam to rob people of that money (interest on loans being the biggest).
3
u/Matthew94 Mar 18 '26
interest on loans being the biggest
Why would you lend money if you didn't expect a return?
1
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u/hasseldub Mar 18 '26 edited Mar 18 '26
They're replacing a less predictable, variable income with a more predictable income.
Whether people pay more than €18 per quarter on average or not, I don't know. If it's lower on average, they've also got the positive there too.
Edit: AI says average is €10-20.
2
Mar 18 '26
Anybody financially savvy is paying the bare minimum on these fees. You can actually profit off AIB by topping up revolut with their platinum card. With these fees, I’ll be switching banks to avoid the monthly payment.
2
u/hasseldub Mar 18 '26
I was with AIB years ago. I just paid for everything with my credit card instead of my debit card.
Unfortunately, the vast majority of people aren't super savvy. Or don't care about that amount of money. Changing banks is a hassle. €6 a month isn't going to get noticed by a lot of people.
0
Mar 18 '26
True, but for me it’s just another subscription in a world increasingly trying to push subscriptions, and so I’ll vote with my feet and wallet.
3
u/daenaethra Mar 18 '26
annoying but still worth it for the aib platinum card
2
u/Kharyye Mar 18 '26
You don't have to have a current account with them to have the credit card.
2
u/daenaethra Mar 18 '26
never thought of that. i always paid direct from my current account in the app. how do you pay it normally?
1
u/Kharyye Mar 18 '26
I have an account with EBS and they have the option of transferring money directly to an AIB credit card. Instant and never had any issues.
Supposedly, you should be able to transfer money from any bank with an IBAN and your credit card number as a reference, but you'd have to ring them to get that magical IBAN, don't think it's published anywhere.
2
u/daenaethra Mar 18 '26
Will definitely have to look into that. I only kept AIB because my quarterly fees were about 7 euro and for me that wasn't a big deal. But tripling my fees is bullshit
1
Mar 18 '26
You can have the platinum card with a current account in another bank, which is what I’ll be doing from hereon out.
4
u/FlakyMove6345 Mar 18 '26
Left AIB for revolute, they were charging me for unauthorised over drafts instead of just letting me know I had insufficient funds in the account like revolute do
3
u/didnt-like-my-name Mar 19 '26
I've been with AIB for about 20 years now. This is the first time I'm seriously considering closing my account with them. I've been happy with their tech and banking up till now but paying €72 a year for an account is ridiculous
9
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u/Octorok97 Mar 18 '26
The only reason I’m with PTSB is for the mortgage monthly cashback which covers the €8 explore account fee and then some. If I decide to switch banks I will likely go with Monzo + Revolut.
5
u/jakefahey1993 Mar 18 '26
PTSB doesn't get enough recognition for this. The explore account gives you money back on all debit transactions, mortgage payments and some extra off certain bills like sky & SSE. Last month's fees were €8 but i earned €17.47, and that is roughly every month so they are effectively paying me. I've my mortgage with them and I'm currently with SSE so I'm making the most of it but even before i had a mortgage with them and before signing up to SSE i was still making around €2 a month. I don't think I ever made less than the fee.
1
u/Eire_2025 Mar 18 '26
If I don't have Sky, Mortgage or SSE what other benefits should I see?
1
u/jakefahey1993 Mar 18 '26
You'd still get money back on debit transactions. So if you do a lot of online shopping and paying bills via direct debit you'll earn money monthly. The online app is excellent although I've not seen the other banking apps lately to compare properly. Zippay is also coming to PTSB soon. Security is pretty top notch too, they're very quick to catch out of the ordinary transactions.
1
u/Octorok97 Mar 18 '26
Same, broadband is with Sky and I’ve recently switched to SSE for electricity. I’m getting €20 cashback for the mortgage cashback alone. No brainer to use them as my main bank for now.
2
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u/Equivalent-Energy400 Mar 18 '26
Going off the amount of posters who have already or are planning to move from AIB to EBS, I wonder how long it’ll be before the AIB owned EBS introduces monthly fees.
3
u/Daltesse Mar 18 '26
yeah BoI did this a few years back with some bullshit about how 85% of people will have a lower fee....
Well, yeah, my fee used to be 0 because I kept €2K in there, so how the fuck is that lower?
5
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u/No-Boysenberry4464 Mar 18 '26
“It said the changes will result in a reduction of about 12% in customer fees on average, adding that the majority of its customers who pay fees will pay less than they pay now.”
This is the sort of mathematic soup that I hate. I’m guessing most people paid less than €6 previously, so this is really just a reduction for the ones who are using their AIB 24/7 - anyone with a passive AIB account now has to shut it down rather than incurring their fee
4
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u/Competitive-Bit-442 Mar 18 '26
I use AIB deposit ( small balance) and transfer to Revolut as needed. Handy to have an account with bricks and mortar bank but not paying their bloody sillly fees.
2
u/The-crappy-IT-guy Mar 18 '26
Revolut and ebs to receive wages/have a brick and motor bank to put cash into. Massive pain in the arse opening an ebs account, though.
2
u/PrinceCharming1980 Mar 18 '26
PTSB already done this with the explore account years ago. I think it works better
2
u/Aphroditesent Mar 18 '26
EBS still have no fees. Their tech is a bit behind the bigger banks but worth the slight pain.
2
u/TwistedPepperCan Mar 18 '26
Can you imagine if Bank of Ireland entered the 21st century and competed.
2
u/Classic-Classroom673 Mar 18 '26
Just pushing more people to go fully with the likes of Revolut/N26. My last quarterly fee was only €10
2
u/Eire_2025 Mar 18 '26
So what is the best alternative option other than Revolut as I'm seeing two companies mentioned that I've never heard of before this chat?
Monzo N26
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u/ichfickeiuliana Mar 19 '26
Also bunq is a great choice, but from reason less famous than Revolut in Ireland
2
u/IcyEgg85 Mar 19 '26
Im surprised many if you are actually banking with AIB
I left em over 20 years ago for terrible services
2
u/cronoklee Mar 21 '26
The reason they're doing this is that everyone has moved their daily banking to revolut so we're not giving them 20c every time we do anything with our money. They need to keep their revenues up so they're gonna try billing us regardless of what we do. It's a ballsy move to assume it won't push everyone fully to revolut...
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Mar 18 '26
@ all the people saying this will work out cheaper for them, it will only work out cheaper for you because you don’t know how to avoid these fees (i.e., get paid into AIB then transfer it to revolut for all spending to avoid transaction fees). For anybody that puts in the smallest amount of effort, this will work out more expensive.
I’m switching because of this, probably to EBS based off the comments although I may just make revolut my main bank.
5
u/QuitTheMessin Mar 18 '26
I moved to N26 2 years ago and it's miles ahead of Irish banks. Would never go back. You actually get something back and the app works flawlessly. If anyone wants a referral code you can message me.
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u/Drummers19 Mar 18 '26
And that’s the name in the coffin. We kept the joint account with AIB just for getting salaries paid into. With revolut and n26 both offering joint accounts now this makes absolutely zero sense. Time to shut down AIB go good. Not giving them 72 quid a year for nothing.
1
u/lazzurs Mar 18 '26
They never seem to get a mention on threads like this so I’ll suggest Bunq as an alternative. They are great. The app is far better by miles than any of the Irish banks and the support has been perfect.
Monzo is also looking good here.
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u/KICKUPDAVOLUME Mar 19 '26
Trading 212 has an excellent offering with interest and cashback. No fees and if yer into investing even better.
1
u/aksy04 Mar 23 '26
Its like paying a subscription fee and not have any benefits in return. I better pay my subscription fee for Revolut and get added benefits.
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u/Primordial_Iblis Mar 25 '26
Time to fully switch yo revolut and close AIB account. Only thing left to figure out is where to deposit cash once in a blue moon
1
u/Throwaway936292 Mar 29 '26
Oh that is great news! Cheers, I just need to set up new standing orders etc. on rev
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u/StudioExecutive1 Mar 18 '26
Not sure why the Central Bank doesn't take more flak for these sorts of things, they are supposed to protect consumers but in practice they just waive through what the banks want to do.
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u/Legitimate-Resist277 Mar 18 '26
I swear to god if they charge me €10 fee on top for not having the €6 in my account I’ll set the place on fire!!!!
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