I have a cashsave account from the 1980's college days, I don't need it, it was rarely used lately but now that there is conversion to a fee incurring current account I will axe it.
I have a cashsave ac too but it already has fees on it, probably not as costly though as a current ac.? Like Steiner mine's not used much so just as well to get rid but certainly not to another fee paying current ac.
Got a long circular type letter from AIB saying that my cashsave account is being converted into a personal bank account on 27th july. In the 4th paragraph of the letter it says "credit interest is not a feature of the Personal bank account". A nice way of saying no interest is being allowed.
Got a long circular type letter from AIB saying that my cashsave account is being converted into a personal bank account on 27th july. In the 4th paragraph of the letter it says "credit interest is not a feature of the Personal bank account". A nice way of saying no interest is being allowed.
The customer opened a Cashsave savings account, intending to earn interest, then AIB converts, without customer consent, this into a fee paying account with zero interest. Poor practice.
I got the AIB letter today. As I don't have any direct debits from the little used cashsave a/c or a debit card, they will convert it to a demand deposit account. This suits me as it won't cost me any charges even if I never use the new account.
Slightly different, I had an AIB current account, which I used just to recieve a standing order and then fund my AIB visa card from.
With the changes in fees and such I wanted to convert it to a demand deposit account. Was told no. Would have to close current account and then go into a branch to open a new demand deposit account. I did this in the end.
Quite annoying to hear that AIBcan convert accounts when it suits them.