AIB replaces quarterly fees with new €6 monthly fee

AIB said today it is replacing its existing variable quarterly maintenance and transaction fees with a new fixed €6 monthly charge for its customers.

The new fee structure will be applied from July.

The bank said the €6 fee will cover most current account services including card transactions, transfers, card taps and euro payment transactions.

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.

Customer accounts currently exempt from account maintenance and transaction fees will be exempt from the monthly fee.

These include AIB Advantage customers (those 66 or over), Student and Student Plus customers, Graduate, Standard Care Account and Basic Account customers as well as customers who have an AIB mortgage paid through their personal AIB current account.

AIB added that it will not charge a monthly fee on accounts that have been inactive throughout the month.

AIB also said it will remove a range of service charges from personal and business accounts. These include having items unpaid on their account, staff assisted standing order set ups and amendments as well as duplicate statements.

According to the bank, the last personal quarterly fee will be charged on June 30, covering the period from March 1 to May 31, 2026.

The first €6 monthly fee will be charged on July 31, covering the month of July.

The bank said that to support its customers during the change, AIB will not be charging a quarterly fee or monthly fee for the month of June.

AIB Managing Director of Retail Banking Geraldine Casey said that in keeping with AIB's commitment to putting its customers first, it is providing cheaper banking with more clarity and certainty around fees, while abolishing a range of service fees.

"Our customers can not only manage their money and make instant payments on their phone, they can also continue to visit the largest branch network in the country to engage with our advisors and have the peace of mind and security of 24/7 fraud support," Ms Casey said.

"We remain committed to delivering the best customer experiences and continue to invest in our offering, with our next generation mobile app set to be released later in the year," she added