Young Farmer Current Account Fee Offer Terms and Conditions
1. Definitions
In these conditions:
- 'the Account' means the Business Current Account opened for the Young Farmer Customer between 1st April 2011 and 30th March 2012.
- '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 discount 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.
- 'Young Farmer Customer' is defined as a farmer who is between the ages of 18 and 35 and who satisfies any one of the following conditions:
a) has recently or is in the process of purchasing or inheriting a farm,
b) has recently or is in the process of starting their own farming business,
c) has recently or is in the process of entering into a farming partnership with one or more others.
2. The Offer is available to Young Farmer Customers who complete and submit the Bank's Young Farmer Current Account Fee Offer Application Form at the time the Account is being opened. Young Farmers who have qualified for the offer must complete a separate Young Farmer 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 Young Farmer 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 The Offer and associated benefits shall be withdrawn immediately on closure of the Account by the Customer or the Bank, or, on conversion of the Account by the Customer during the two year period from the date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 two months 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 Young Farmer Customers who have already availed of it.
Important / Regulatory Notice
Terms and Conditions apply. Further terms and conditions will apply to any other service or facility provided by us in connection with your Young Farmer Current Account and you will be notified of any such terms and conditions if and when you request, and we provide any additional service or facility.