AIB Graduate Account

Benefits & Features of the AIB Graduate Account

The AIB Graduate Account is specifically tailored to meet the needs of individuals who have graduated from full-time third level education in the last two years.

The AIB Graduate Account is available to anyone who holds an AIB Student Plus Account and has graduated from full-time third level education in the last two years, or anyone new to AIB who has graduated from a full-time third level course of three years duration or more in the last two years.

The AIB Graduate Account and associated benefits are valid from the date you convert to or open your AIB Graduate Account for a maximum period of two years. The preferential benefits of the AIB Graduate Account are only available to AIB Graduate Account holders.

The main benefits of the AIB Graduate Account are:

• Banking Free of Maintenance and Transaction Fees
• Reduced rates on Personal Loans up to EUR75,000
• Interest Free Overdraft up to EUR1,000

Additional features of the AIB Graduate Account are:

• A dedicated AIB Graduate Centre to deal with all your queries
• AIB Debit Card for use in Ireland and abroad
• Option of eStatements (received through AIB Internet Banking)
• AIB Phone & Internet Banking

How do I apply for an AIB Graduate Account?

If you are already an AIB Student Plus Account holder, just call our dedicated AIB Graduate Centre on 1890 788 336 to convert to the AIB Graduate Account or drop into your local AIB branch.

If you don't already hold an account with AIB, just call into any AIB branch. In order to comply with legislation to combat money laundering and terrorist financing you will need to provide suitable documentation to verify both your identity and your current residential address.

(Proof of Address documents must be no more than 6 months old - i.e. issued in the last 6 months)

Examples of Proof of Identity:  valid passport, valid driving licence (Irish provisional accepted), valid National Identity Card.

Examples of Proof of Residential Address:  utility bill (e.g. telephone, mobile, gas/electricity/heating/waste collection), correspondence from a Regulated financial institution (bank, building society, insurance/assurance company, credit card company), correspondence from a government department/body/agency/board.

To open your account, evidence of graduation is required (e.g. letter from College or Certificate of Graduation).

If you hold an AIB Student Plus Account, have graduated and are intending to continue with further study, please talk to us about extending your AIB Student Plus Account benefits.

Benefits of the AIB Graduate Account:

Banking Free of Maintenance & Transaction Fees

You will not be charged account maintenance or transaction fees on your AIB Graduate Account.

Banking Free of Maintenance and Transaction Fees does not extend to bank service charges. Full details of our general fees and charges are published in 'A Guide to Fees and Charges for Personal Accounts.'

Reduced Rate Personal Loan**

As an AIB Graduate Account holder, you can apply for a loan, up to EUR75,000, that offers a special reduced rate of 3% off the Bank's Standard Variable 'A' Personal Loan rate. This reduced rate loan has a current Interest Rate of 8.45%, APR (Annual Percentage Rate) of 8.73%, subject to variation, up to a maximum of €75,000. This discount will continue for the agreed life of the loan until it is paid.

If having ceased to hold an AIB Graduate Account you want to borrow further money on your loan ("top up your loan") or if you want to materially change the terms of the loan, we will have to enter into a new credit agreement with you for the total amount which may change the interest rate that applies on your loan. The new credit agreement will set out the terms, conditions and rate applicable to the new loan.

Find out more about an AIB Graduate Loan

Interest Free Overdraft up to EUR1,000**

AIB offers a Personal Overdraft which gives you easy access to funds and provides peace of mind that additional funds are accessible when you need them.

You can apply for an interest free overdraft of up to EUR1,000 and you won't have to pay the standard overdraft Facility Fee of EUR25.39, while you hold an AIB Graduate Account.

Authorised overdrafts over EUR1,000 will attract the Bank's Standard Variable 'A' rate for Personal Overdrafts on the balance greater than EUR1,000 currently 11.85% Interest Rate  subject to variation.

Find out more about an AIB Graduate Interest Free Overdraft.

**Subject to the Bank's normal application and approval process.

Features of the AIB Graduate Account:

AIB Graduate Centre

Our dedicated AIB Graduate Centre has a specialised team that's available to provide you with ongoing support and advice.

To apply for a Personal Loan, Overdraft, AIB Credit Card or to see what Saving Accounts are suitable for you, call 1890 788 336, opening hours 8am to 9pm Monday to Friday and Saturday 9am to 6pm.

AIB Debit Card

The AIB Debit Card is a combined payment card with Chip & PIN security technology. It lets you make purchases at Point of Sale (POS) and cash withdrawals at ATMs in Ireland and abroad. You can also use it to shop online on websites that accept Laser/Maestro (Domestic transactions only). It helps you control your spending too, as you can only spend the available balance in your account.

Debit Cards are liable to annual Government Stamp Duty. Currently EUR2.50 per card applies where the card is used either as an ATM/In Branch transaction or Point of Sale transaction, and EUR5.00 per card applies where the card is used for both.

AIB Phone & Internet Banking

If you are not already an AIB Phone & Internet Banking user, now is the time to sign up. You can pay your bills, transfer money between your own accounts, to other AIB and non-AIB accounts. You can top up any O2, Vodafone or Meteor pre-paid phone and also top up your mobile with a free text message, even if your phone is out of credit.

Sign up for AIB's Phone & Internet Banking online, call our dedicated AIB Graduate Centre on 1890 788 336 or visit any AIB branch.

eStatements

AIB Internet Banking customers now have the opportunity to switch to eStatements. With eStatements you can receive your bank account and credit card statements online instead of in paper by post. You will require an AIB Code Card or Card Reader to sign up and view your eStatements.

If you switch both your bank account and credit card statements to eStatements, we will give a total of EUR4, on your behalf, to the AIB 'Add more green' Fund. This fund contributes to environmental projects in Ireland and abroad.

To make the switch, you will need to be registered for AIB Internet Banking and have an AIB Code Card or Card Reader. You can find more details on eStatements on www.aib.ie

For more information view www.aib.ie/csr

Other AIB Products & Services

AIB Masterplan

No matter what your circumstances, having a budget is the best way to keep spending under control and improve your financial situation. A budget is simply a plan of the money you expect to receive into the household and how you expect to spend it.

AIB's Masterplan Account is a budgeting tool that can help you:

• Plan your spending over the course of the year
• Spread the burden of bills evenly over the 12 month period up to maximum of EUR75,000
• Manage your cash flow throughout the year
• Enjoy better control over your finances.

Find out more about AIB's Masterplan Account.

Credit Cards

Check out our range of AIB credit cards. All new ‘be’ and Platinum credit card customers enjoy a special introductory annual interest rate on purchases for 12 months from the date the credit card account is opened. At the end of those 12 months the annual interest rate reverts back to the standard rate applicable to purchases at that time.

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. Government stamp duty of EUR30 is charged annually per Credit Card account.

Find out more about AIB Credit Cards.

Savings Plan

AIB's Regular Saver Account is a great way to start saving. If you want to save regularly, earn a great rate of interest and withdraw your cash at any time with no penalty, then our AIB Regular Saver Account is for you. You can save from as little as EUR10 per month to a maximum of EUR500 per month. To open an AIB Regular Saver Account just call 1890 788 336 or drop into any branch. To operate an AIB Regular Saver Account you must have a suitable AIB payment account.

Interest is subject to D.I.R.T at the prevailing rate (for more information go to www.revenue.ie).

Find out more about our range of Savings Accounts for Graduates.

Home Mortgages

Buying your first home is one of the biggest and most exciting decisions that you will make. There is a lot to think about and organise, and that is why we have dedicated Mortgage Consultants to guide you through the mortgage process, every step of the way.

First Time Buyers can avail of a range of benefits including:

• A choice of competitive interest rates available.
• 3 months Deferred Start option available. This is when you make no repayments whatsoever for the first 3 Months and interest in simply added to your loan. However, please be aware this repayment option will impact the repayment amount and/or the term of the mortgage, it is also subject to approval
• Repayment terms up to 35 years.
• Home Insurance from AIB: 30% discount if you're a first time buyer or have been claim-free for 3 years. Discounts are calculated on a reducing balance.  
• Consultation with an AIB Financial Adviser to assess your Life Assurance options.
• Low cost finance Masterplan Account to help you manage your monthly bills. View our Related Information Section for further details. An account maintenance fee of EUR4.50 per quarter applies.

Find out more about our Mortgage Packages for Graduates.

AIB Insurance Services

Travel Insurance

Whether you’re off for a few days or a few weeks, getting a tan or getting active on the slopes, there’s an AIB Travel Insurance policy that covers your world.

Benefits of AIB Travel Insurance:

• Get cover from as little as €7*
• Policy confirmation and emergency contact numbers sent instantly to your mobile phone
• Cover for short trips available, with cover from just 2 days
• Wintersports cover can be added for an additional cost
• Cover also available for Backpacker, Over 65’s and Business trips

*EUR7, represents a single trip AIB Lite policy for one individual to Europe for up to 2 days, price available online only.

Get a quote

Buy online and get 10% discount

Buy again 

More Information on Travel Insurance

Car Insurance

AIB Car Insurance offers a wide range of benefits at very competitive prices offering either Fully Comprehensive or Third Party Fire and Theft policies. With our Car Insurance you can spread the cost of your premium over 12 months at no additional cost!

Top reasons for choosing AIB Car Insurance:

• 10% online discount (based on current telephone prices)
• 20% discount if you’ve no penalty points or 10% discount even if you have 2
• Spread the cost over 12 months with no additional fee
• Windscreen Cover as standard on all policies
• 24 Hour Breakdown assist cover 365 days a year

Discounts are applied on a reducing balance basis and minimum premium of €280 applies.

Get a quote

More Information on Car Insurance

Home Insurance

Home Insurance shouldn’t just be about getting the minimum protection for your bricks and mortar. At AIB, we’ve designed a competitive policy around your individual needs, so whatever you value most, we do too. Our Home Insurance policies will give you peace of mind for everything that you treasure in your home, from your golf clubs to your home entertainment system.

Switch to AIB today and you could save:

• 30% discount if you have been claims free for 3 years or more
• Free direct debit option - we don’t charge you extra for paying monthly
• Free 24-hour emergency assist helpline
• Free Accidental Damage cover for buildings
• Additional discounts if you are a mortgage customer

Discounts are applied on a reducing balance basis and minimum premium of €155 applies.

Get the right cover... in three simple steps!

• Select the level of buildings cover you need.
• Add up the value of all your contents (that's everything that would fall out if you turned your house upside down) - Don't forget to specify your valuables.
• You can also add extra cover for items you take outside your home e.g. your engagement ring, watch or camera.

Simply click the link below for a quote or call 1890 724 724 (lines open 8am to 8pm Monday to Friday and Saturday 10am to 2pm).

Get a quote

Retrieve existing quote

More Information on Home Insurance

Health Insurance from AIB

Everyone has different needs at different stages of their lives. That’s why our health insurance partner, Aviva, offers a range of health plans to suit your needs. You can take out hospital cover, day-to-day cover or a combination of both.

Top reasons for choosing health insurance from Aviva*:

• Access to more hospitals and scan centres
• 24-hour access to nurse on-call service
• Excellent maternity cover including post-natal home help
• Child prices up to age 18, Student prices up to age 23
• Better innovation and service including cover for cervical cancer vaccine, laser eye surgery and a range of great member benefits.

* Cover may vary depending on product, provider, type and level of plan. Benefits may be offered through specified providers.

For further details call us on 1890 724 724.

Buy online and get your 10% AIB customer discount

Quick quote

More Information on Health Insurance

AIB Home, Travel, Health and Car Insurance quotations are subject to acceptance, and normal underwriting criteria apply. Each product has its own specific terms and conditions which also apply. AIB Insurance Services Ltd is a tied agent AXA Insurance Ltd for Home Insurance. AIB Insurance Services Ltd is a tied agent of Aviva Insurance Europe SE for Car Insurance. AIB Insurance Services Ltd is a tied agent of Ace European Group Ltd for Travel Insurance. AIB Insurance Services Ltd is a tied agent of Aviva Health Insurance Ireland Ltd for Health Insurance. Allied Irish Banks, p.l.c. has an indirect holding of 30% in Aviva Health Insurance Ireland Ltd. Aviva Health Insurance Ireland Ltd is regulated by the Central Bank of Ireland. AIB Insurance Services Ltd. is regulated by the Central Bank of Ireland.

Important / Regulatory Wording

Terms and Conditions apply.

• AIB Graduate Account Regulatory Information
• AIB Graduate Account and Benefits
• Terms and Conditions for Current Accounts and Demand Deposit Accounts

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