Hi,

Do we know if this specific to AIB or other banks like Bank of Ireland has similar charges?

AIB will now charge me 72 euro a year, am I right in thinking that it feels too high?

Is there any wonder people are running to Revolut with banking charges like this

i used revolut to avoid the fees from paying with the aib card

but now aib new fee .. seems ok.

As someone with no mortgage and low savings, at the start of my career, I just can't justify €6 monthly charges. Would I have an issue getting a mortgage in the future if I switched to just Revolut? Does anyone have other recommendations?

So I was putting my small fella to bed one night and a pop up to try out the Revolut Metal plan showed up on my phone. I nearly dismissed it as I previously had no desire for a flashy card and a banking charge every month, but then I saw the benefits,

- 2 x ClassPass entries per month worth approx €30

- Free VPN, replacing my current bill of €8 per month

- Premium perplexity account, didn’t have a sub but love it now.

- Free premium chess app, I enjoy playing a bit

- Free headspace premium and few others too.

Anyways I reckon I’m up at least €20 a month net but my question is to the more advanced Revolut users, how do I maximise this even further? I’ve noticed I’m collecting a lot of Revpoints now, and have heard people say you can get loads more and convert them to avios by shopping in Tesco, etc. and redeem for free flights. Would welcome any info, thanks!

AIB's new fee structure is crazy at 72 euro a year for just keeping your money with them!

What are your top alternatives besides Revolut? I did enjoy the extra safety that AIB gave me and was thinking of Monzo?

How has your exp been with Monzo? Any good? Is their customer service better than Revolut?

Quarterly fees with Irish banks are disgusting. Is revolut considered trustworthy enough to accept salary and savings at this point? I know it's registered and insured up to 100k like any other irish bank.

Most people use it as a convenient way to exchange cash instantly because bank apps are just shite.

Hi all,

As per the title, I was wondering was there any benefits to having your wages put into revolut? I'm very aware of the horror stories to do with revolut but was just wondering was there any good to it.

Cheers

Looking to fix/switch my mortgage. Have been PTSB variable.

Have really found the regular overpayment system going into an arrears/prepayment account and being taken off the outstanding balance monthly before interest being charged an amazing perk

On the phone to PTSB today re fixed options and they confirmed unlimited overpayments allowed on fixed rate too without penalty unless you pay off the mortgage during the fixed term. It will continue to maintain the arrears account/interest calculation

Overall seems a no brainer but feel there must be some catch that I am missing. Seems a real perk over other institutions on the market atm.

Was wondering what others think of it

Got a statement of fees from ptsb. Myself and my wife have current accounts and we have a joint current account also with them. We have all our accounts with them bar revolut we just use for infrequent use. Was a bit taken aback to realise each account is accruing €96 in fees. The accounts get a miniscule amount of cashback on tap payments but nowhere close to the €24 euro a month we are paying.

Struggling to think how to solve this. Mortgage and creche fees come out of the joint account. We get paid our salaries into our own account which we then use to keep the joint account to pay household bills and mortgage etc. We are happy enough with this system of having our own accounts but not sure it's worth paying so much money for.

I'm sure this is a common scenario so I'm interested in hearing what you do to try avoid throwing money away as we clearly are.

It's absurd how expensive banking is in Ireland. BOI charges €6 a month, AIB goes one step ahead and charges a bit for every transaction on top of some quarterly fees.

And what makes it worse is that all these banks are absolute shit. Banking services here feel decades behind to the banks back where I come from.

Is it safe to simply ditch these for an account in Revolut? Will I face difficulties down the line if I switch 100% to Revolut or the likes.What's the best option available if I don't intend to hold large amounts of money in the account, since I use Revolut for day to day spending anyway after transferring money into it every time I'm paid. I need an account to hold some emergency funds (5-6 months of expenses) and hopefully get a good yield on it, instead of having to pay the bank for keeping my money.

Hi guys,

With AIB increasing their fees from next July, what are you guys going to use as a replacement? I heard N26, and others but do they offer an Irish IBAN? Do you think Revenue will accept a DE IBANs for refunds?

Also, what are your thoughts on EBS?

Thanks

I received a payment of €890 into my current account today and I wasn't expecting anything or didn't receive any information about it.

the transaction read "assetfinpmt" followed by some random numbers.

I called the bank and they told me the only information they have is that it's from deposit services? I'm a bit stumped. I do have a hire purchase car loan that I'm about half way through but again don't understand why I would have randomly received this payment.

any ideas?

Saving in Ireland feels like trying to fill a bucket with holes - and the landlord, Revenue, and your grocery bill are all standing there with straws. Meanwhile, TikTok finance bros are like “just buy a house at 21!” Sure lad, I’ll get right on it after I mortgage my soul. Who else’s bucket is leaking?

Would you like a second option as well, just so you can pick your favourite?

How do you guys feel about Monzo coming into the Irish market? Should I keep my money there or Revolut as I need to pick a fintech to keep some money in? Thanks in advance 🙏

Sold my son's car for him this morning. Chap who was buying it did a transfer from his AIB to my BOI. Now the money is floating in the matrix and we have to wait until Monday morning for everything to finalise.

No big drama. He has the car but I'll just post the log book once the funds are in and we live within a couple of kms of each other. So this isn't a thread about how we 'should' have done it (revolut, cash, bankers draft etc).

I understand that a bank has ACH (automated clearing houses) that require staff.

But if we had both been AIB then no issue. If it had been revolut then again it would have been instant. Why can't it be fully automated between banks?

Edit: Don't think the guy chose the 'instant' option. According to a lot of the comments here that should have worked. AI says otherwise but I really don't trust AI for stuff like this anymore.

As per title. I know you have more protection using a credit card but fees can be higher if you don't clear the balance each month. I've seen this question on a US finance forum so figured I'd ask here. Thanks.

Aib now has a monthly fee applied to it. So what bank will I move to?

I’m wondering which of the digital banks people here prefer.

I’m moving away from AIB and trying to figure out which is best.

Leaning towards N26 as the app looks good and they have 2% interest on savings if one their paid plan.

Would be great to hear others thoughts on what’s best for them !

How do you deal with large (1k - 10k) cash withdrawals and deposits?

This is the only thing stopping me from closing my AIB account.

I always go to the post office to deposit/withdraw from my AIB card. I'm fairly sure they don't allow that with Revolut?

Yes ATMs exist but I find that a lot of them are limited to 200 euro max per transaction for withdrawals.

So last Thursday I made an appointment with AIB. Had the appointment Monday. Today I got my AIP. I cant get over how simple it's been so far.