Business Start-up Current Account Fee Offer Terms and Conditions
1. Definitions
In these conditions:
- ‘the Account’ means the Business Current Account opened for the Business Start-up Customer between 1st April 2011 and 30th March 2012.
- ‘Business Start-up Customer’ means a person, persons or corporate entity, who is starting up a business where an Account is being opened for the first time with the Bank for the purpose of operating this new business.
- 'the Bank’ means Allied Irish Banks, p.l.c.
- ‘the Booklet’ means the Bank’s booklet entitled ‘Business Fees and Charges’, available in all Bank branches and on the Bank’s website.
- ‘the Offer’ means account transaction fees as described in the Booklet will be waived for two years from the date the Account is opened, excluding cash handling fees. Cash handling fees incurred up to a maximum of EUR100 per fee quarter will also be waived for the two year period. The Offer does not include Service Charges or Government charges and stamp duty. Further the balance on the Account will not qualify to minimise fees and charges. Details of all fees and charges are set out in the Booklet.
2. The Offer is available to Business Start-up Customers who complete and submit the Bank’s Business Start-up Current Account Fee Offer application form at the time the Account is being opened. Business Start-ups who have qualified for the offer must complete a separate Business Start-up Current Account Fee Offer application form for any additional accounts subsequently opened in connection with this business during the offer period to avail of the Offer on such accounts.
3. The Offer will be for a period of two years (or such longer period as the Bank may allow) from the date of Account opening and receipt by the Bank of the completed Business Start-up Current Account Fee Offer application form. This period will cover eight completed fee quarters as described in the Booklet.
4. The Offer and associated benefits shall be withdrawn immediately on closure of the Account by the Customer or the Bank, or, on conversion of the Account by the Customer during the two year period from the date the Account is opened and all fee benefits for the whole of the last quarter shall be lost. The benefits of the Offer shall not apply to any new product.
5. At the end of the Offer period, the Bank’s standard fees and charges will apply to the Account.
6. These conditions may be altered from time to time by the Bank; any such alteration shall be effective and binding on the Customer 60 days after notice of same has been sent to the Customer (other than an alteration in the fees and charges – which will be effective from the date specified in the pre-notification), by post or by advertisement published in at least one national daily newspaper or by such other means as the Bank may decide.
7. The Bank reserves the right to close or amend the Offer at any time, but without affecting the entitlement of Business Start-up Customers who have already availed of it.