AIB Graduate Account
Rates are correct as at 4th August 2009.
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. This account is available to 'new to AIB' customers and existing AIB Student Plus Account holders who meet the qualifying criteria.
How do you avail of the 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. To comply with requirements of the Criminal Justice Act 1994 you will need to provide appropriate photographic ID and proof of address.
Examples of Photo ID: valid signed passport, UN Convention Travel document, Age card issued by An Garda Síochána, driver's licence.
Examples of Proof of Address: utility bill, correspondence from a Regulated financial institution (bank, building society, insurance/assurance company, credit card company), correspondence from a government department/body/agency/board.
(documents must be no more than 6 months old - i.e. issued in the last 6 months)
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 take some time out before commencing work, please talk to us about extending your AIB Student Plus Account benefits.
The benefits associated with the AIB Graduate Account are:
- Banking Free of Maintenance and Transaction Fees*
- AIB Debit Card for use in Ireland and abroad*
- Interest Free Overdraft up to EUR1,000**
- Reduced rates on Personal Loans**
- Option of eStatements (received through AIB Internet Banking)
- Interest paid on credit balances
- A dedicated AIB Graduate Centre to deal with all your queries
- Masterplan Account to manage your bills
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 2 years.
*Other charges still apply. Please see our booklet 'A Guide to Fees and Charges for Personal Accounts.'
**Subject to the Bank's normal application and approval process.
Banking Free of Maintenance & Transaction Fees
You will not be charged account maintenance or transaction fees on your AIB Graduate Account.
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 11.95% Interest Rate subject to variation.
Find out more about an AIB Graduate Interest Free Overdraft.
Reduced Rate Personal Loan
As an AIB Graduate Account holder, you can apply for a loan 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 7.95%, APR of 8.19%, subject to variation. This discount will continue for the agreed life of the loan until it is paid.
With an AIB Graduate Loan, you can avail of the following flexible repayment options:
Unscheduled repayments
Repay your loan early if your circumstances change or make additional lump sum repayments at any time with no penalty.
Scheduled Flexible repayments***
When you're applying for your loan you can choose repayments that will suit you with Interest Only repayments or planned repayment holidays e.g. take a break from your repayments at Christmas or summer holiday time.
***The above repayment options may impact on the amount and/or term of the loan.
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
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
- Manage your cash flow throughout the year
- Enjoy better control over your finances.
Find out more about view AIB's Masterplan 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 9am to 9pm Monday to Friday and Saturday 9am to 6pm.
Interest Paid on Credit Balances
Interest is paid quarterly on the first EUR1,000 account balance to personal customers who are registered with and use AIB's Phone or Internet Banking service at least once during the relevant interest quarter. The interest rate is currently 0.25%, (0.25% AER) subject to variation. Rates quoted are gross and interest is subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate (for detailed information visit www.revenue.ie).
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.
'Add more green' with eStatements
AIB Internet Banking customers now have the opportunity to add more green to the environment by switching 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 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. You can find more details on eStatements on www.aib.ie
For more information view www.aib.ie/csr
You can also apply for the following:
AIB Debit Card
The AIB Debit Card is a 2-in-1 card that provides you with a secure way to purchase goods worldwide, as well as giving you access to cash at over 2,000 ATMs in Ireland and 300,000 worldwide.
Credit Cards
You can apply for the AIB 'be' Visa / Mastercard or the AIB Platinum Visa Card. All new AIB 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.
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 Fixed and Variable rates
- Up to 92% finance available
- A range of flexible repayment options***such as 3 months Deferred Start
- Repayment terms up to 35 years
- 20% introductory discount for First Time Buyers with Home Insurance from AIB
*** The above repayment options may impact on the amount and/or term of the mortgage. Deferred Start is where you make no repayments whatsoever for the first 3 months and the interest is simply added to your loan.
Find out more about our Mortgage Packages for Graduates.
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 drop into any branch. To operate an AIB Regular Saver Account you must have a suitable AIB payment account.
AIB Regular Saver Accounts opened after 14th April 2009 will earn a promotional rate whereby, the AER will at least match ECB + 2.50% for 12 months from account opening date. At the end of the twelve month period, the rate will revert to the Bank's prevailing variable rate applicable to this product.
Interest is subject to DIRT at the prevailing rate (for more information go to www.revenue.ie). A.E.R. is the Annual Equivalent Rate.
Find out more about our range of Savings Accounts 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 plan that covers your world.
Get what you need. And a 10% discount compared to telephone prices when you buy online.
Just tell us where you are going, how long you'll be away for, and we'll quote you instantly.
Holiday Travel Insurance
You can select cover for a single trip, or if you're a more frequent traveller, then why not select our Annual Multi-Trip Policy. We can also cover for winter sports if you need it.
Healthcare+ Holiday Travel Insurance
Healthcare+ is for individuals with suitable private health insurance. This policy is cheaper and ensures you don't have to pay twice for medical protection already provided by your private health insurer!
Get a Backpacker Special
AIB Backpacker Travel Insurance has been designed to cover you if you are travelling or working abroad for an extended period of time. Cover is available from 45 days up to 13 months. With a choice of standard or budget policies, you can select the policy that best suits your needs.
Get covered instantly
Over the phone or online, you can choose the cover you need in moments and we will send your policy confirmation direct to your mobile. Simply click the link below for a quote and a 10% online discount or call 1850 404 204 (lines open 9am to 5pm Monday to Friday). Please have your credit card or debit card details to hand.
Buy online and get 10% discount
Buy again
More Information on Travel Insurance
Exclusive Offer for Registered AIB Internet Banking Customers:
Get an exclusive 20% introductory discount on your multi-trip travel insurance when you purchase by direct debit available only through your AIB Internet Banking profile. Click here for more information.
Car Insurance
AIB Car Insurance offers a wide range of benefits at very competitive prices. You can select from Fully Comprehensive or Third Party Fire and Theft cover. You can also spread the cost over 12 months at no additional fee.
Simply click the link below for a quote and a 10% online discount or call 1850 404 204 (lines open 9am to 5pm Monday to Friday).
Top reasons for choosing AIB Car Insurance:
- 10% online discount compared to telephone prices
- 20% discount for customers with no penalty points
- Exclusive discounts available for AIB customers
- Free direct debit option so you can spread the cost over 12 months
- Free 24-hour breakdown assist cover 365 days a year
- Windscreen cover as standard on all policies
The above discounts are based on a reducing balance basis.
More Information on Car Insurance
Home Insurance
Your home is your most treasured possession so it's important to protect it against any risks or unforeseen events. With Home Insurance from AIB you decide what you want to insure and we'll design the cover to suit you
What you get...
- 20% discount if you're buying your first home
- Free direct debit option so you can spread the cost over 12 months
- Free 24-hour Emergency Assist Helpline
- Low claims excess of only EUR250.
And if you have or are thinking of buying an apartment we can also provide comprehensive contents only cover.
Simply click the link below for a quote or call 1850 404 204 (lines open 8am to 8pm Monday to Friday and Saturday 10am to 2pm).
The above discounts are based on a reducing balance basis.
More Information on Home Insurance
Health Insurance from AIB
As an AIB Graduate Account holder, you can get 10% discount on your Health Insurance when you sign up through AIB today! As well as hospital cover, you can also add cover for day-to-day expenses like visits to the GP, dentist or physiotherapist. Joining is easy so whether you are buying for the first time or switching from another provider, AIB in partnership with Aviva has a plan to suit your needs and budget - offering you Better Value and Better Cover. For more information or to switch, simply click the link below for a quote and a 10% online discount or call 1850 404 204 (lines open 9am to 9pm Monday to Friday).
Important / Regulatory Wording
Terms and Conditions apply. Allied Irish Banks, p.l.c. is regulated by the Financial Regulator.
Next Steps
Call 1890 788 336
Related Information
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AIB Graduate Account Application Form
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AIB Graduate Brochure
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AIB Internet Banking
To avail of this you must be a registered user of AIB Phone & Internet Banking