Foreign Exchange

AIB provides a complete range of foreign exchange options and offerings.

Eurozone Countries (From 1st January, 2009)

Remember, if you are travelling within the Eurozone countries you do not need to change euro to foreign currency. For countries outside the Eurozone, we can supply your foreign currency needs.

The following 16 countries use the euro as their domestic currency:

Foreign Currency Notes*

AIB buy and sell foreign currency notes for the following countries.

• You must complete a 'Foreign Currency' order form when ordering your currencies (other than Sterling and US Dollars).
• The 'Foreign Currency Note Order Form' is available at our branches or can be printed from the 'Related Information' section. Return the completed form to the branch you wish to collect the order from.
• Orders are placed and paid for in advance.
• Currencies are sold in multiples of foreign note values dependent upon the currency denominations. See the list of Foreign Currencies and Multiple Values in our 'Related Information' section.
• When you place your order in the branch, you will be given the full detail of the transaction i.e. exchange rate, commission, currency amount and euro total and advised when the order will be available for collection. If you post the completed order form to the branch, this information will be posted to you.
• You can collect the order yourself or nominate a third party to collect your order on your behalf.

Foreign Currency Drafts*

AIB issue foreign currency drafts for the following countries.

AIB issues non-domestic euro drafts for the following countries.

Foreign Currency Cheques*

AIB accept the following foreign currency cheques from the following countries for negotiation. **

* Charges may apply. Please see 'Schedule of International Transaction Charges' in the 'Related Information' section.

**A foreign cheque collection is where a cheque is sent directly by mail/courier to the foreign bank on a special presentation basis requesting irrevocable/final payment. Foreign currency cheques may be sent on a collection basis at the bank's discretion. There is no standard payment cycle, and your account will only be credited when AIB is in receipt of final payment from the foreign bank. The exchange rate used is the applicable rate on date of receipt of funds from the foreign bank, not the date the cheque is sent for collection. A charge of EUR15.24 applies per cheque sent on collection, which will be deducted by the branch on receipt of the funds. Foreign bank charges may also apply.

The most cost-effective means of receiving money from abroad is by receiving an International Payment instead of a draft or cheque; please refer to our Related Information section for more details. Due to the absence of a central European Clearing system, if you receive a cheque written in euro, which is drawn on a financial institution outside of the Republic of Ireland, it will be treated as an international cheque. Cheques written in euro, which are drawn on institutions here, should only be used in the Republic of Ireland. Your euro chequebook should not be used when making payments abroad, as they will take longer to process and may attract higher clearing charges. Government Stamp Duty of EUR0.50 applies to each cheque.

Important / Regulatory Notice

Terms and conditions apply.

• Terms and Conditions for Foreign Note Orders

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