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AIB Masterplan

Manage your Household Budget with an AIB Masterplan

No matter what your circumstances, having a household budget is the best way to keep spending under control and improve your financial situation. A household 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 a maximum of EUR75,000
  • Manage your cash flow throughout the year
  • Enjoy better control over your finances.

How does the AIB Masterplan Account work?

Use the online Masterplan Budget Tool to estimate the household expenses you will have during the year that you would like to pay from your Masterplan Account i.e. electricity bills, car insurance, school fees etc. This is the amount you apply for on your Masterplan Account and this limit will be set up on the account.

Throughout the year, you pay your bills from your Masterplan Account whenever they are due, but you make equal monthly payments from your main current account to your Masterplan Account. Each month, the limit on your Masterplan Account will reduce in line with your monthly payment, so at the end of the year, the bills are paid and the limit is zero.

How do I pay my bills?

As a registered AIB Internet Banking customer, you can pay your bills,  transfer money or check your Masterplan balance using AIB Phone & Internet Banking. You can also check your remaining limit on your Masterplan eStatement online. Standing orders or direct debits can be set up on your Masterplan Account.

What about interest?

Interest is charged quarterly on any overdrawn (debit) balance and can be charged to either your main current account or charged directly to your Masterplan Account. Charging your interest to your current account is the most straightforward option. This option is available only where your main current account is in the same branch as your Masterplan. If your interest is to be charged to your Masterplan Account you will have to factor that into the amount you apply for as interest will then also be paid from this account. Personal lending Interest Rates

 
Enter your Typical Payment below and one of the following for Payment Frequency: weekly, monthly, yearly, quarterly, fortnightly, bi-monthly or half-yearly.
Commitments Typical Payment Payment Frequency
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Note: This information is provided for illustrative purposes only. It does not constitute a contract. We are not recording and will not use the information quoted by you in our Masterplan Tool.
Remember to factor in an additional sum for interest if you want any interest incurred to be charged to your Masterplan Account.

Top Tip

Make sure you factor in potential increases in your bills during the year so you are not left short. Remember - additional charges will apply where you do not operate within your limit.

Are there other charges?

There are no transaction fees for using your Masterplan Account. An account maintenance fee of EUR4.50 is charged per quarter. Charges for standing orders or direct debits may apply. Please refer to the current edition of 'A Guide to Fees and Charges for Personal  Accounts? in your local branch or online for further details.

Family Finance Budgeting Tool

This is an exciting and easy to use online tool that can bring your household budget to life. Through the use of colour coded charts, you can see what portion of your spending is going where, and you can then put plans in place to organise your family budget. Click here

Important / Regulatory Wording

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.  

Related Information


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Tel: + 353 16600311 Registered in Ireland : Registered No. 24173. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995