“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.
14 commenti
“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.