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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
- 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 licence accepted), valid National Identity Card.
Examples of Proof of Residential Address: utility bill (e.g. telephone, mobile phone, 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 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 or pay for goods and services over the phone.
Terms and Conditions apply. Debit Cards are liable to annual Government Stamp Duty. Currently EUR2.50 per card applies where the card is used for either 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 AIB Card Reader to sign up and view your eStatements.
To make the switch, you will need to be registered for AIB Internet Banking and have an AIB Code Card or AIB Card Reader. You can find more details on eStatements on www.aib.ie
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 Saver Account is a great way to start saving. If you want to save regularly and withdraw your cash at any time with no penalty, then our AIB Saver Account is for you. To open an AIB Saver Account just call 1890 788 336 or drop into any branch. To operate an AIB 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.
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Warning: The cost of your monthly repayments may increase |
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Warning: If you do not keep up your repayments you may lose your home |
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Warning: You may have to pay charges if you pay off a fixed rate loan early. |
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:
- 10% discount when you buy online (deducted from current telephone rates)
- 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
- Our Backpacker Travel Insurance covers trips for up to 13 months and with a budget option available, we're ensuring you get the cover you need at a price that's suitable for you
*EUR7 represents a single trip AIB Lite policy for one individual to
Buy online and get 10% discount
More Information on Travel Insurance
Car Insurance
AIB Car Insurance offers you quality car insurance with a wide range of cover and benefits.
Top reasons for choosing AIB Car Insurance:
- 75% No Claims Discount, if you have 5 years or more claims free
- Windscreen Cover automatically included
- Spread your premium over 12 months at no additional cost
- Step Back No Claims Protection cover standard on all policies
Call 1890 724 724 to get a quote today and find out how much you could save
Discounts are applied on a reducing balance basis and a minimum premium of EUR317 applies.
More Information on Car Insurance
Home Insurance
5 great reasons to choose AIB Home Insurance
- 30% discount if you have been claims free for 3 years or more
- Spread the cost over 12 months with our direct debit payment option at no extra cost to your premium
- 15% discount if you are an AIB loan or credit card customer
- 10% discount if have your mortgage with AIB
- 5% discount if you are an AIB Phone & Internet banking customer
Discounts are applied on a reducing balance basis and a minimum premium of EUR157.50 applies.
Get a quote online today or call 1890 724 724
More Information on Home Insurance
Health Insurance from AIB
- AIB offers health insurance through our partner Aviva Health.
Features*
- Fast access to more hospitals and scan centres than any other insurer
- 24/7 access to our Nurse-on-Call service
- Excellent range of maternity benefits including 4D scans and post natal home help
- Benefits tailored specifically for children such as the Asthma Care Program
- Dental Access Package included at no extra cost to your plan
- Access to Hi-tech hospitals for listed cardiac procedures & latest advances in cancer care
* Cover may vary depending on product, provider, type and level of plan.
For further details call us on 1890 724 724.
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 Home, Car, Health and Travel Insurances are exclusively underwritten by:
- AXA Insurance Ltd for Home Insurance
- AXA Insurance Ltd for Car Insurance
- ACE European Group Ltd for Travel Insurance
- 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. AIB Insurance Services Limited and Allied Irish Banks, p.l.c. are regulated by the Central Bank of Ireland.
Important / Regulatory Wording
Terms and Conditions apply.
Next Steps
Call 1890 788 336
Related Information
-
AIB Graduate Account Application Form
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AIB Graduate Brochure
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Information Leaflet for AIB Graduate Account
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AIB Internet Banking
To avail of this you must be a registered user of AIB Phone & Internet Banking