„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.“
Lol, nothing about lower use customers that this will cost more…
€2.1b after tax profit last year.
DaveShadow on
Hmmm. This actually will work out cheaper for me in the long run, though I’m guessing they’ve done the math and it will work out more expensive for a majority long run.
vinceswish on
BOI had this for a while now (€6 monthly fee) and actually it’s way cheaper for me than before
KillerKlown88 on
I’ll stick to TSB who pay me about €200 a year to bank with them.
Willing-Departure115 on
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.
All the Irish banks had so little fees once storing over few thousand. It’s been crazy by them all colluding together to have changed the norm in the last 10 years with significant fees
Key_Duck_6293 on
Considering their app & interest rates are shite, they have some neck charging people in the first place
willbegrand on
I think I’ll be moving. I was paying about 10€ per quarter 😅
SeaninMacT on
How do the Irish banks manage to stop the mainland Europe banks coming into the island and absolutely nuking these parasitic practices on their customers?
I get they’ve been investigated for a Cartel before but how do they pull it off legally? Or is it „not investigated“ and corporate lobbying takes care of the rest?
Paddy_Powers on
Didn’t we bail these f***ckers out and own a massive stake in, until recently?
Equivalent_Bet856 on
So do they want me to just close my AIB account and move entirely to Revolut? They should be removing fees. They make enough money with my money as it is. It’s an outrage that we’re charged for basic banking services when the capital we are providing is the basis for their entire business model. We should be paid for storing money with a bank, not charged.
FairyOnTheLoose on
I move my spending money over to revolut after pay day, let the bills and rent come out of aib and don’t use it for a single other thing. The email they send every quarter with ‚like most companies that provide a service, we charge a fee for what we do‘, they do fuck all for me. I have to use them because I’ll get screwed if I try pay my bills in cash. I’m giving them all my money, they are the ones benefiting not me. They can absolutely get fucked now with €6 monthly.
Pangalonia on
So €72 a year instead of €100 for me.
txpdy on
They seem to be following the Bank of Ireland model.
It’s a more profitable model I’d say but also a better deal for customers who bank with them.
However you can’t beat the likes of PTSB who is essentially free if you have a mortgage with them I believe.
markyosullivan on
Switch to Monzo who don’t have a monthly fee
DuwanteKentravius on
Left them for Ptsb about 10 years ago. Was paying about 120 per annum on fees back then. Ptsb is 6 or 7 per month but you make back about 4 or 5 from tapping your card so works out so much cheaper.
TwinIronBlood on
Last year tye fees on my current account wad 49.7 euros and now they want 72 euros. Or 45 percent more.
Poor very confused Indian guy on the phone didn’t know what to say and very reluctantly opened a customer complaint for me. I’d encourage everyone to do the same. Flood them with complaints and make their fees department work for a change
Worth_Employer_171 on
Fuck this I’m moving to revolut
TaibhseCait on
When I moved from a graduate account to a regular adult account I looked up all 3 banks in my town & hilariously it’s not collusion but bank 1 was e.g. €4 a month (€48 total a year)
Bank 2 was €16 every 3 months (€48 a yr) & bank 3 was €48 a year….
It’s gone up since but I’m on the low end of what’s in an account (less than 10k?) & I think it’s 6 or 8 a month now 🤷♀️
Any_Comparison_3716 on
I thought they use my money to leans and make more money. Why am I paying fees at all?
cacamilis22 on
Between the banks and they health insurance clowns they are actually a law unto themselves.
It’s incredible what they can do when and if they feel like it
sebvettel on
recently closed my 35 year old Bank of Ireland account because of this crap, now banking with Monzo and Revolut hassle and fee free
AnyDamnThingWillDo on
I opened a PTSB account years ago when they were offering free banking. Still not paying account maintenance
RandomUsername9_999 on
When were they planning to inform customers? Crazy to see the RTE article before a notification on the app/email
freshfrosted on
Bank of Ireland pulled this a few years ago, they are also €6 pm now. Said it will save loads of customers money, meanwhile it cost me €5 extra as I was only making 4 machine transactions pm at 25c each. So €72 a year now vs €12 previously.
Rare_Chicken8302 on
Which bank should I switch to for my salary and daily expenses? I have revolut for internet purchases etc
Seanieshops on
Subscription based banking now. The Joy’s of it
inconspicioususerok on
I recently switched from A Post to AIB because they started charging €6 for a current account. Can’t say you’ll be missed either AIB.
PolarBearUnited on
I left BOI because of their 6 quid fees , guess it’s off to somewhere else now that AIB are bringing this in.
Anyone got any suggestions ?
Natural-Hunter-3 on
I pay at most twelve euro a quarter currently. I’ve been a user of AIB since I was in TY in school. This is robbery and they can go fuck.
ghunterx21 on
Time to move. Balls to that. Credit crunch, people are getting robbed left, right and centre, banks getting jealous they aren’t getting their share.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
31 Kommentare
„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.“
Lol, nothing about lower use customers that this will cost more…
€2.1b after tax profit last year.
Hmmm. This actually will work out cheaper for me in the long run, though I’m guessing they’ve done the math and it will work out more expensive for a majority long run.
BOI had this for a while now (€6 monthly fee) and actually it’s way cheaper for me than before
I’ll stick to TSB who pay me about €200 a year to bank with them.
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.
[https://aib.ie/investorrelations](https://aib.ie/investorrelations)
All the Irish banks had so little fees once storing over few thousand. It’s been crazy by them all colluding together to have changed the norm in the last 10 years with significant fees
Considering their app & interest rates are shite, they have some neck charging people in the first place
I think I’ll be moving. I was paying about 10€ per quarter 😅
How do the Irish banks manage to stop the mainland Europe banks coming into the island and absolutely nuking these parasitic practices on their customers?
I get they’ve been investigated for a Cartel before but how do they pull it off legally? Or is it „not investigated“ and corporate lobbying takes care of the rest?
Didn’t we bail these f***ckers out and own a massive stake in, until recently?
So do they want me to just close my AIB account and move entirely to Revolut? They should be removing fees. They make enough money with my money as it is. It’s an outrage that we’re charged for basic banking services when the capital we are providing is the basis for their entire business model. We should be paid for storing money with a bank, not charged.
I move my spending money over to revolut after pay day, let the bills and rent come out of aib and don’t use it for a single other thing. The email they send every quarter with ‚like most companies that provide a service, we charge a fee for what we do‘, they do fuck all for me. I have to use them because I’ll get screwed if I try pay my bills in cash. I’m giving them all my money, they are the ones benefiting not me. They can absolutely get fucked now with €6 monthly.
So €72 a year instead of €100 for me.
They seem to be following the Bank of Ireland model.
It’s a more profitable model I’d say but also a better deal for customers who bank with them.
However you can’t beat the likes of PTSB who is essentially free if you have a mortgage with them I believe.
Switch to Monzo who don’t have a monthly fee
Left them for Ptsb about 10 years ago. Was paying about 120 per annum on fees back then. Ptsb is 6 or 7 per month but you make back about 4 or 5 from tapping your card so works out so much cheaper.
Last year tye fees on my current account wad 49.7 euros and now they want 72 euros. Or 45 percent more.
Poor very confused Indian guy on the phone didn’t know what to say and very reluctantly opened a customer complaint for me. I’d encourage everyone to do the same. Flood them with complaints and make their fees department work for a change
Fuck this I’m moving to revolut
When I moved from a graduate account to a regular adult account I looked up all 3 banks in my town & hilariously it’s not collusion but bank 1 was e.g. €4 a month (€48 total a year)
Bank 2 was €16 every 3 months (€48 a yr) & bank 3 was €48 a year….
It’s gone up since but I’m on the low end of what’s in an account (less than 10k?) & I think it’s 6 or 8 a month now 🤷♀️
I thought they use my money to leans and make more money. Why am I paying fees at all?
Between the banks and they health insurance clowns they are actually a law unto themselves.
It’s incredible what they can do when and if they feel like it
recently closed my 35 year old Bank of Ireland account because of this crap, now banking with Monzo and Revolut hassle and fee free
I opened a PTSB account years ago when they were offering free banking. Still not paying account maintenance
When were they planning to inform customers? Crazy to see the RTE article before a notification on the app/email
Bank of Ireland pulled this a few years ago, they are also €6 pm now. Said it will save loads of customers money, meanwhile it cost me €5 extra as I was only making 4 machine transactions pm at 25c each. So €72 a year now vs €12 previously.
Which bank should I switch to for my salary and daily expenses? I have revolut for internet purchases etc
Subscription based banking now. The Joy’s of it
I recently switched from A Post to AIB because they started charging €6 for a current account. Can’t say you’ll be missed either AIB.
I left BOI because of their 6 quid fees , guess it’s off to somewhere else now that AIB are bringing this in.
Anyone got any suggestions ?
I pay at most twelve euro a quarter currently. I’ve been a user of AIB since I was in TY in school. This is robbery and they can go fuck.
Time to move. Balls to that. Credit crunch, people are getting robbed left, right and centre, banks getting jealous they aren’t getting their share.