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 17 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' Note 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 must be 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 Drafts*

AIB issue foreign currency drafts for the following countries:

Foreign Draft requests will only be accepted on AIB's Foreign Draft Application form. This form is available in a print version from any AIB Branch or alternatively you can download the form from the link in the 'Related Information' section on this page. Depending on your requirements, this form will cater for single or multiple Foreign Draft requests.

Please note that these forms are updated from time to time. To ensure you are using the correct version, please obtain the form from this site or your local branch each time you wish to request a Foreign Draft.

Foreign Currency Cheques*

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

International euro Cheque and Foreign Currency Cheque Lodgements*

AIB generally accept foreign currency cheques and international euro cheques for credit to your account on the business day of receipt and where applicable, the relevant currency exchange rate on that business day is applied.

In certain circumstances, foreign currency cheque and international euro cheques may be sent for payment on a collection basis at the Bank’s discretion. 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. 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. Where applicable, the exchange rate used is the prevailing exchange rate on the date of receipt of funds from the foreign bank, not the date the cheque is sent for collection.

* See the following important notes.

• Charges may apply. Please see our 'Schedule of International Transaction Charges'  brochure in the 'Related Information' section.
•  Foreign Exchange rates may apply. Any transactions involving a currency conversion are subject to variable exchange rates. Retail foreign exchange rates are available from any AIB branch for reference purposes.
• Exchange rate losses may apply in the case of cancellation or amendment to a transaction or unpaid items.
• The most effective means of sending or receiving money cross border is generally by International Payment instead of a draft or cheque; please refer to our Related Information section for more details. Drafts and cheques (including international euro cheques) not drawn on a bank in the Republic of Ireland cannot be cleared through the Irish clearing system. Clearing rules and clearing cycles differ depending on the country/location of the bank on which the draft/cheque is drawn. Due to the absence of a central European or international clearing system for paper, there is no standard mechanism or time period for clearance of paper items i.e. drafts and cheques.

Legal Notice

Terms and conditions apply.

• Terms and Conditions for Foreign Note Orders

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