Bank reports 57% of fraud victims duped through “smishing” in first 10 months of 2025 AIB has issued a warning to consumers about text message scams during the festive season, reporting a significant surge in “smishing” fraud throughout 2025. The bank revealed that half of all fraud victims this year have been duped through text … Read more
Allied Irish Bank (AIB) has projected continued growth for Ireland’s domestic economy, suggesting that concerns over US tariffs are beginning to ease, according to the bank’s latest Economic Outlook report. The report paints an optimistic picture of Ireland’s economic resilience, noting that the domestic economy has proven capable of recovery even amid global uncertainties. AIB … Read more
AIB has issued an urgent warning about investment scams after one customer was defrauded of more than €150,000, with fraudsters deploying increasingly sophisticated tactics to deceive victims. Investment scams typically involve criminals posing as legitimate financial advisors or companies, offering high returns on investments in cryptocurrency, property or other assets. They use fake websites, forged … Read more
Ireland’s three major banks are combining forces to launch Zippay, an instant payments service designed to compete with Revolut, two years after abandoning a previous €17 million venture that never reached market. AIB, Bank of Ireland and Permanent TSB will roll out the mobile payment platform early next year, targeting their combined five million customers … Read more
Allied Irish Banks has mandated that non-customer-facing employees return to office premises for three days per week from January 2026, ending the full remote working arrangements that have been in place since the COVID-19 pandemic. HR Manager Dave McCormack informed staff via email that the bank seeks to maintain “balance and flexibility” while increasing “in-person … Read more
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