AIB has unveiled a new green mortgage product with its lowest interest rates on offer, beginning at 3 per cent. This three-year fixed-rate mortgage is available to borrowers whose homes have a Building Energy Rating (BER) between A1 and A3, provided their loan-to-value (LTV) ratio is below 50 per cent. For those with LTV ratios … Read more
AIB has announced that its customers will be able to receive instant payments starting January 9, 2025. The bank is on track to meet new EU regulations that require faster payment processing across member states. This change will enable customers to receive money in their accounts within 10 seconds of a payment being initiated, even … Read more
Bringing relief to customers, AIB and ICS Mortgages on Thursday slashed mortgage interest rates following the European Central Bank’s decision to trim its key lending rate for the second time this year. AIB reduced its five-year Green fixed mortgage rate by 0.25 per cent. It is availabe for homes with a BER rating between A1 … Read more
Allied Irish Banks (AIB) has urged its customers to remain vigilant amid a rise in so-called “taxi-scam” fraud, RTE reported. The scam involves a visit by a taxi driver or courier supposedly sent by the bank to collect their card. The warning comes as a number of cases have been reported where scammers instructed customers … Read more
In a move that could save Irish customers about €500 a year, AIB has announced a reduction of its four-year fixed mortgage rate for customers borrowing €250,000 or more by 0.25 per cent from July 3. The new rate is also available to AIB’s existing mortagage customers with a balance of at least €250,000. The … Read more
AIB and Bank of Ireland have started offering low-cost loans to homeowners as part of the government-backed Home Energy Upgrade Loan Scheme. Under the scheme, homeowners, including small, non-corporate landlords, can borrow between €5,000 and €75,000 for up to 10 years with interest rates as low as 3 per cent for carrying out home energy … Read more
AIB, in collaboration with Activate Capital through the Irish Apartment Development Fund (IADF), is set to launch a groundbreaking €500 million initiative. This ambitious project aims to deliver 1,000 new apartments every year, catering to various housing needs across Ireland. The initiative will encompass mixed-tenure homes, including options for owner-occupiers, private sector rentals, cost rentals, … Read more
AIB has issued a fresh warning about scam attempts by fraudsters pretending to be from the bank. The bank urged customers to remain vigilant after it received reports of ‘fake’ text messages being sent to customers appearing to be from the bank’s phone number. AIB said in a statement, “Fraudsters are targeting customers like you … Read more
According to the Banking Payments Federation Ireland, 297,000 new personal current accounts opened in 2022. (BPFI). Each week, 11,000 new personal current accounts were created on average. Through June and throughout the first part of July, the number of personal current accounts grew steadily. In the four weeks that ended on July 8th, about 71,000 … Read more
Consumer spending in pubs during the month of February rose 49 percent as the hospitality sector returned to full capacity following two years of restrictions, according to an AIB report. On average, consumers spent €1.6 million a day in pubs through the month with those in Dublin spending €500,000 a day in pubs, more than … Read more
Ulster Bank customers will get a six month period to close their accounts before the bank’s complete withdrawal from Irish Market. The 88 branches will be open for the first half of 2022 and serve the customers regarding their account closure, Ulster Bank CEO Jane Howard told an Oireachtas committee. Ulster Bank had earlier told … Read more