I'd've liked their email to include what the last quarter would have cost if their charges were implemented.
It seems expensive compared to the last 15+ years of free banking.
What do people typically pay per quarter for bank charges.
Some of them quoting €70 a quarter for charges.
Wow I just looked at our annual fees statement for the year ending earlier this month.I never paid much attention to charges as I don’t pay them, if I lose the free banking I will be a lot more vigilant.
Didn't get the impression from Twitter that they were business accounts. Probably multiple withdrawals of small amounts. I remember one friend way back who used to withdraw money from the ATM and then go into the bank and lodge it to his savings account.I have a busy enough account and it amounts to €25 per quarter - which I get back as I have an AIB mortgage.
I don't know how they get to €70 unless they are still writing cheques, cashing cheques or lodging cash.
It could be a business account.
But it could also be overdraft interest.
Brendan
Didn't get the impression from Twitter that they were business accounts. Probably multiple withdrawals of small amounts.
150 per year equates to around 300 Euro pre-tax income (in the higher income tax bracket), i.e. 3,000 Euro every ten years or 12,000 Euro during an average working life. Why spend 12,000 Euro on something you could easily get for free? If you really don't need, want or care about the money giving it to charity instead of AIB might be a better option.Here are the main AIB fees
View attachment 4403
€18 - There were the 4 quarterly charges of €4.50.
There were over 500 contactless payments which were free anyway.
€52 Over 260 debit card purchases.
€26 Over 130 direct debits.
€16 Over 80 sepa credits.
€18 Over 50 atm withdrawals.
€20 Over 100 other charges, phone / internet, electronic transfers, lodgements etc.
€150
Seems a reasonable charge for such a busy account.
Brendan
AIB drops plans for contactless payment fees but maintaining an account balance of €2,500 will not save you from fees from November -
AIB drops plans for contactless payments fee after backlash
AIB has yielded to public pressure and dropped plans to introduce a fee for contactless payments.www.google.ie
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