AIB Young Farmers' Package

Starting a career in farming can be challenging and it's essential to have a plan for the long term future of your farm. To grow your business you need a banking partner that understands your ambition and your farm business.

At AIB we know farming. We have specifically designed a package of our products and services to meet the requirements of young farmers and help them to grow and develop their farm business.

The package is available to young farmers between the ages of 18 and 35 years who may have recently or are in the process of purchasing or inheriting a farm, starting their own farming business or entering into a farming partnership with one or more others.

Young Farmer Current Account Fee Offer

An AIB Young Farmer Current Account is an efficient way to manage your farm finances. With an AIB Young Farmer Current Account you can lodge money from the sale of livestock, milk or crops and receive payments such as the Single Farm Payment. It allows you to pay bills easily and efficiently. When you open your AIB Young Farmer Current Account we'll waive account transactions fees, excluding cash handling fees for the first two years. We will also waive cash handling fees for the first two years up to a maximum discount of EUR100 per fee quarter.

This offer is available to customers who open an AIB Young Farmer Current Account between 1st April 2011 and 30th March 2012. Customers must complete and submit the Bank's Young Farmer Current Account Fee Offer Application Form to their branch at the time the account is being opened. At the end of the offer period, the Bank's standard fees and charges will apply to the account. Other charges apply, please refer to our booklet 'Business Fees and Charges' or click on the link in the Important / Regulatory Notice below for further details.

Online Banking Services

In farming, sometimes it can be difficult to get the time to visit your local branch when you need to. As a registered AIB Phone & Internet Banking customer, banking online with AIB cuts out the need for you to visit your local branch when it is not convenient to do so. You can choose from either AIB Phone & Internet Banking or iBusiness Banking services which allow you the option to manage your farm finances online, depending on your needs.

iBusiness Banking (iBB) offer for Young Farmers

The iBusiness Banking (iBB) 2 year subscription Fee Offer is available to customers who open an AIB Young Farmer Current Account between 1st April 2011 and 30th March 2012 inclusive. Customers must subsequently complete an application form and register for iBB between 1st April 2011 and 30th March 2012 inclusive.

The iBB subscription Fee Offer will be for a period of two years (or such longer period as the Bank may allow) from the date of set up on iBB. At the end of the offer period, the standard iBB service charge of EUR50 per quarter will apply (or the applicable fee at that time). Customers must list their AIB Young Farmer Current Account as the first account in Section 2.1 of the iBB Application form.

iBB offers the following benefits:

• Is convenient and easy to use
• You can make payments for wages and to suppliers in a single bulk file to reduce costs
• Allows you to monitor and control your bank accounts
• Gives real time account information for effective cash management
• Gives you total control over when to make payments
• Offers reduced charges for electronic transactions
• Offers a high level of security.

For full details on iBB click on www.aib.ie/ibb

Other charges still apply for iBB. Please refer to our booklet "Business Fees and Charges" for further details on fees and charges applied. Please refer to the "Schedule of International Transaction Charges" booklet for details on International payments.

AIB Phone & Internet Banking

AIB Phone & Internet Banking service is suitable for securely carrying out the basic online transactions. They include:

• Checking account balances and transactions
• Making domestic payments
• Making International Payments (not available on AIB Phone Banking)
• Paying utility bills
• Setting up and managing standing orders
• Reconciling your statements online with eStatements
• Mobile Top Up
• One-off transfers

Note: You may need an AIB Code Card or Card Reader to use some of these services. You can find more information about the AIB Code Card or Card Reader at www.aib.ie/securitycentre

For full details on AIB Phone & Internet Banking click on www.aib.ie/internetbanking

Registered AIB Phone & Internet Banking customers can also use AIB Mobile Banking to access basic online transactions. For more information visit www.aib.ie/mobilebanking

There is no specific charge for using the AIB Phone & Internet Banking Service. However, transactions are subject to standard fees and charges. Please refer to our booklets "A Guide to Fees and Charges for Personal Accounts", "Business Fees and Charges" or "Schedule of International Transaction Charges" for further details on fees and charges applied.

Access to Farm Finance

AIB offer a wide range of finance options to support you in developing and growing your farm business. We have a range of products to meet your short, medium and long term funding requirements.

• Evergreen Credit Line AIB's Evergreen Credit Line is a working capital facility designed for farmers to manage seasonal and short term funding requirements. Our "Guide to Farming Services" brochure which is available in all AIB branches will give you more information on our farm lending products.
• Farm Development Loan AIB's Farm Development Loan is available to farmers investing in the long term future of their enterprise. With this loan farmers can develop, grow and strategically plan their business future.
• Finance & Leasing Our Finance and Leasing options offer farmers a flexible, comprehensive and competitive range of hire purchase and leasing plans for machinery, equipment and farm vehicles.

Further information on the above products can be obtained by clicking on the Farming Services link at the top of the page.

Home Mortgages

Buying or building your home is one of the most important and exciting decisions that you will make in life. That is why we have dedicated Mortgage Consultants to guide you through the mortgage process, every step of the way.

For more information on the range of mortgage options available at AIB go to www.aib.ie/mortgages

Important / Regulatory Notice

Terms and conditions apply

Credit Facilities

Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.

AIB Phone & Internet Banking and iBusiness Banking (iBB)

Eligibility, terms and conditions apply to these services.

• Young Farmer Current Account Fee Offer Terms and Conditions
• Business Fees and Charges
• Schedule of International Transaction Charges

Back to Top