Schedule of International Transaction Charges

Schedule of

International

Transaction

Charges

This document contains

important information.

Please read carefully and

retain for future reference.

April 2022

Contact Details

AIB Group Headquarters,

PO Box 452,

10 Molesworth Street,

Dublin 2,

Ireland.

Tel: (01) 660 0311

This booklet shows the fees and charges charged to customers

by Allied Irish Banks, p.l.c. (‘AIB’) for international transactions.

Eective from January 2021.

Contents

Bureau de Change page 2

Card Usage Abroad page 4

Outgoing International

Payment Services page 7

Incoming International

Payment Services page 14

Incoming International

Direct Debit Services page 15

IBAN & BIC page 18

Trade Finance Services page 19

Important Information page 21

Bureau de Change

International euro Transactions

Purchase of International euro Cheques

(1)

less than €600 3.5% of value

(per item)

Minimum €3 /

Maximum €19

€600 and over 1.5% of value

(per item)

Minimum €19 /

Maximum €60

Foreign Cheque lodged to your

account and returned unpaid

€8.88 per item

International Cheque Collections

(2) (3)

Outgoing Cheque Collections

Outgoing Cheque Collection

(4)

€15.20 per item

Outgoing Cheque Collection

unpaid

€8.88 per item

Incoming Cheque Collections

Incoming Cheque Collection

(5)

€15.20 per item

Incoming Cheque Collection

unpaid

€8.88 per item

*SWIFT Transmission Charges may apply, further details

can be found on page 21 of this brochure under section

4 -SWIFT Transmission charges.

International non-euro

Transactions

(2) (3)

Foreign Currency Notes

Sales 1.0% of value

Minimum €1.27 / Maximum €6.35

Purchases 1.0% of value

Minimum €1.27 / Maximum €6.35

Purchase of Foreign Currency Cheques

1.0% of value (per item) Minimum €1.27 /

Maximum €6.35

Foreign Cheque lodged to your

account and returned unpaid

€8.88 per item

(1) Cheques issued in euro drawn on nancial

institutions outside the Republic of Ireland.

(2) Any transactions not in euro are subject to variable

exchange rates in addition to the commission

charges quoted.

(3) Foreign or Agent Bank charges can also apply and

may be deducted before funds are received by us.

(4) International euro and foreign currency cheques for

credit to a domestic account which are sent for

payment on a collection basis.

(5) Domestic euro cheques sent/transacted abroad

which are received for payment on a collection basis.

Note: See details of Important Information on pages

21-25

Note: The most eective means of sending or receiving

money cross border is generally by International

Payment instead of a draft or cheque. 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 dier 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.

Note: AIB does not accept Travellers Cheques. In the

case of legacy AIB Travellers Cheques, these items will

be negotiated for lodgement on a collection basis, and

International Cheque Collection charges will apply.

Card Usage Abroad

1. AIB Debit Cards

In addition to the charges outlined below

account transaction fees may also apply.

For more information refer to: A Guide to Fees and

Charges for Personal Accounts or Business Fees and

Charges.

Non-euro transactions attract additional charges as

follows:

Currency Conversion Fees

Point of Sale Purchase including

Contactless Transactions

(Note: no minimum fee for

Contactless Transactions)

1.75% of euro value

(Minimum €0.45,

Maximum €11.00)

Cash Withdrawal Transactions 2.5% of euro value

Commission Charges

Cash Withdrawal Commission

1% of euro value

(Minimum €2.00,

Maximum €6.00)

2. AIB Personal Credit Cards

Cash Advance Fee

1.5% of value (Minimum €1.90)

For Personal Premier Visa cardholders, the Cash

Advance Fee is 1.75% of value (Minimum €1.90)*

*For CLICK and ‘be’ cardholders this fee will apply for

accounts both in debit and credit. For all other credit

card types, this fee will not apply if your account is in

credit for the full amount of the transaction when it is

debited to your account.

Currency Conversion Fees

No Currency Conversion Fees apply on euro

transactions

AIB Visa Credit Cards

Transaction Location

Currency

Conversion Fee

Visa Europe Region* 1.75%

Visa Rest of World 2.75%

AIB Mastercard Credit Cards

Transaction Location

Currency

Conversion Fee

All Mastercard locations* 1.75%

*For a full list of countries in the Visa Europe Region

please refer to www.aib.ie

3. AIB Business Credit Cards

Cash Advance Fee

1.75% of value (Minimum €1.90)*

*This fee will not apply if your account is in credit for

the full amount of the transaction when it is debited to

your account.

Currency Conversion Fees

No Currency Conversion Fees apply on euro

transactions

AIB Visa Credit Cards

Transaction Location

Currency

Conversion Fee

Visa Europe Region* 1.75%

Visa Rest of World 2.75%

*For a full list of countries in the Visa Europe Region

please refer to www.aib.ie

Outgoing International

Payment Services

Product/Service Description

and Charges

Product/

Service

Features AIB

Payment

Fee for

Paper

Instruction

AIB

Payment

Fee for

Electronic

Instruction

Paylink Euro

Product Code O03 O08

Standard • Non-urgent euro

payment from euro

account

• Any amount

(1)

• Receiver’s Bank must

be located in the

SEPA zone

(2)

and be

reachable for SEPA

Credit Transfers

• Unique Identier

(3)

is:

– IBAN of the

Receiver

• Execution timeframe

is a minimum

(4)

same business day

and a maximum

(5)

of 1 business day,

subject to cut o

times

(6)

• Charging option

‘Shared’

(7)

mandatory

• Sender’s message

for the Receiver

option available

• Payment

conrmation

available upon

execution

(8)

• Can be made:

– Electronically, e.g.

iBusiness Banking,

AIB Internet

Banking, AIB Kiosk

Banking

(9)

and

iBB’s Payment File

Service

– By Paylink Euro

paper application

form

(10)

€0 €0

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Product/

Service

Features AIB

Payment

Fee for

Paper

Instruction

AIB

Payment

Fee for

Electronic

Instruction

Paylink Euro

Product Code O20 O19

Urgent

• Urgent euro

payment from euro

account

• Any amount

(1)

• Receiver’s Bank

must be located in

the SEPA zone

(2)

• Unique Identier

(3)

is:

– IBAN of the

Receiver and

– BIC of the

Receiver’s Bank

• Execution

timeframe is a

minimum

(4)

of same

business day and a

maximum

(5)

of 1

business day,

subject to cut o

times

(6)

• Charging option

‘Shared’

(7)

mandatory

• Sender’s message

for the Receiver

option available

• Payment

conrmation

available upon

execution

(8)

• Can be made:

– Electronically, e.g.

iBusiness

Banking, AIB

Internet Banking

and AIB Kiosk

Banking

(9)

– By Paylink Euro

paper application

form

(10)

€25 €12.70

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Product/

Service

Features AIB

Payment

Fee for

Paper

Instruction

AIB

Payment

Fee for

Electronic

Instruction

Paylink

Product Code O02 O05

Standard

• Non urgent Payment

(20)

from euro or currency

account, excluding

those that qualify as

Paylink Euro

•

Any amount

(1)

in major

currencies to most

destinations

worldwide

(11)

• Acceptable Unique

Identiers

(3)

for all

payments are:

– IBAN of the

Receiver and

– BIC of the

Receiver’s Bank

–

Bank Account

Number of the

Receiver

– Bank Code of the

Receiver’s Bank

and

– BIC of the

Receiver’s Bank

– Bank Account

Number of the

Receiver

– Bank Code of the

Receiver’s Bank

and

– Receiver’s Bank

full Name and

Address

• Execution

timeframes for:

–

EEA currency

(12)

payments to

EEA

(13)

countries: a

minimum

(4)

1 business day and

a maximum

(5)

of 4

business days,

subject to cut o

times

(6)

€20 €15

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Product/

Service

Features AIB

Payment

Fee for

Paper

Instruction

AIB

Payment

Fee for

Electronic

Instruction

Paylink

Product Code O02 O05

Standard

continued

– All other

payments: a

minimum

(4)

of 1

business day,

subject to cut o

times

(6)

• Charging options:

– ‘Shared’

(7)

mandatory for all

payments to EEA

country

(13)

destinations

– Charges ‘Shared’

(7)

and ‘Sender’

(14)

can be selected

for payments

where destination

country is not an

EEA Country.

• Sender’s message

for the Receiver

option available and

its mandatory to

provide a clear

purpose of payment.

• Payment

conrmation

available upon

execution

(8)

• Can be made:

– Electronically, e.g.

iBusiness Banking,

AIB Internet

Banking, AIB Kiosk

Banking

(9)

and

iBB’s Payment File

Service

– By Paylink

International

paper application

form

(10)

€20 €15

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Product/

Service

Features AIB

Payment

Fee for

Paper

Instruction

AIB

Payment

Fee for

Electronic

Instruction

Paylink

Product Code O01 O04

Urgent

• Urgent payment

(20)

from euro or

currency account,

excluding those that

qualify as Paylink

Euro

(19)

•

Any amount

(1)

in major

currencies to most

destinations

worldwide

(11)

• Acceptable Unique

Identiers

(3)

for all

payments are:

– IBAN of the

Receiver and

– BIC of the

Receiver’s Bank

–

Bank Account

Number of the

Receiver

– Bank Code of the

Receiver’s Bank

and

– BIC of the

Receiver’s Bank

–

Bank Account

Number of the

Receiver

– Bank Code of the

Receiver’s Bank

and

– Receiver’s Bank

full Name and

Address

• Execution timeframes

for:

– GBP

(15)

payments to

EEA

(13)

countries: a

minimum

(4)

of same

business day and a

maximum

(5)

of 4

business days

subject to cut o

times

(6)

€32 €22.50

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Product/

Service

Features AIB

Payment

Fee for

Paper

Instruction

AIB

Payment

Fee for

Electronic

Instruction

Paylink

Product Code O01 O04

Urgent

continued

– Euro or GBP

(15)

payments to non

EEA

(13)

countries: a

minimum

(4)

of same

business day,

subject to cut o

times

(6)

–

CHF, CZK, DKK,

HUF,

NOK, PLN or

SEK payments to

EEA

(13)

countries: a

minimum

(4)

of 1

business day and a

maximum

(5)

of 4

business days,

subject to cut

o times

(6)

– CHF, CZK, DKK,

HUF, NOK, PLN or

SEK payments to

non EEA

(13)

countries: a

minimum

(4)

of 1

business day,

subject to cut o

times

(6)

– USD and CAD

(15)

: a

minimum

(4)

of same

business day,

subject to cut o

times

(6)

• Charging options:

– ‘Shared’

(7)

mandatory for all

payments to EEA

country

(13)

destinations

– Charges ‘Shared’

(7)

and ‘Sender’

(14)

can

be selected for

payments where

destination country

is not an EEA

Country.

€32 €22.50

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Product/

Service

Features AIB

Payment

Fee for

Paper

Instruction

AIB

Payment

Fee for

Electronic

Instruction

Paylink

Product Code O01 O04

Urgent

continued

• Sender’s message for

the Receiver option

available and its

mandatory to

provide a clear

purpose of payment.

• Payment

conrmation

available upon

execution

(8)

• Can be made:

– Electronically, e.g.

iBusiness Banking,

AIB Internet

Banking and AIB

Kiosk Banking

(9)

– By Paylink

International paper

application form

(10)

€32 €22.50

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Incoming International

Payment Services

Product/Service Description

and Charges

Product/

Service

Features AIB Payment Fee

InPay Euro

Product Code I12

InPay

Euro

• Euro payments only

• Originated from a

SEPA zone

(2)

country

only

• Unique Identier

(3) (18)

is:

– IBAN of the

Receiver and

– BIC of the

Receiver’s Bank

– Bank Account

Number of the

Receiver and

– NSC

(17)

of the

Receiver’s Bank

• Funds credited to

Receiver’s account on

value date requested,

subject to cut-o times

(16)

• Payment conrmation

available the day

following receipt

€0

InPay Global

Product Code I01 I03

InPay

Global

• Any amount, in major

currencies

• Acceptable Unique

Identiers

(3) (18)

are:

– IBAN of the

Receiver and

– BIC of the

Receiver’s Bank

– Bank Account

Number of the

Receiver and

– NSC

(17)

of the

Receiver’s Bank

Amounts

less than

or equal

to €127

Amounts

greater

than

€127

€0 €6.35

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Product/

Service

Features AIB Payment Fee

InPay Global

Product Code I01 I03

InPay

Global

continued

• Funds credited to

Receiver’s account on

value date requested,

subject to cut-o

times

(16)

• Payment conrmation

available the day

following receipt

€0 €6.35

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25

Incoming International

Direct Debit Services

Product/Service Description

and Charges

Direct Debit within SEPA zone including Ireland

(2)

• Euro payments only

• Any amount

• Originated from a SEPA zone country only

(2)

• Unique Identier

(3)(18)

– IBAN of the Debtor

• Funds are debited to the Debtor’s account on the

value date requested by the Originator

• Charging Option is “Shared”

(7)

Note: Refer to Footnotes on page 16 and Important

Information on pages 21-25.

Footnotes:

(1) The maximum amount that may be transferred may be restricted by

limits applying to AIB’s delivery channels.

(2) The SEPA zone is a common Euro payments area that include

EU Member States and a number of other countries and

jurisdictions. As the list of destinations changes from time to

time, an up to date list is available on www.aib.ie under the

‘Help & Guidance’ section and on the Paylink Euro application

form. Ireland is excluded as a destination country for Paylink

Euro payments on all electronic payment channels. It is available

as a destination country for payments processed at AIB

Branches on the Paylink Euro Application form.

(3) Unique Identier is the information required to identify the bank

account of the Receiver when processing a payment (for example

the IBAN of the Receiver and the BIC of the Receiver’s Bank). For

all Incoming and Outgoing International Payments, AIB

recommends using the IBAN of the Receiver’s Bank Account and

the BIC of the Receiver’s Bank. Further detailed information on

the Unique Identiers required when making payments to

specic countries is available on www.aib.ie by searching for

‘Country Specic Receiver Bank’.

(4) AIB’s minimum execution timeframes for payments are

indicative only. AIB does not guarantee that the payment will

reach the receiving bank within the indicated minimum

execution timeframe. Delivery times may vary. AIB is not

responsible for failure of the receiving bank to pass on the

payment to the receiver. Whilst AIB will process your payment

requests in a timely manner, please note that due to local

banking practices in certain regions of the world such as Africa,

South America, the Caribbean and areas of the Middle East and

Asia, delivery times and service may vary.

(5) AIB’s maximum execution timeframes for payments represent the

maximum execution cycle permitted by law for payments in EEA

currencies within the EEA. The actual execution timeframes are

more likely to be reected by the minimum execution cycles

indicated. An additional business day is allowed for payments

instructed on paper, but maximum execution time will not exceed

4 business days.

(6) The cut-o time for Outgoing International Payments initiated

by paper instruction is 1:00 p.m. in an AIB branch. The cut-o

times for Outgoing International Payments initiated by

electronic channels are available on the relevant channel.

(7) Under the ‘Shared’ charging option, our fees are paid by our

customer and all other charges (Intermediary and/or Receiver

Bank charges) are paid by the payee. These Intermediary and/or

Receiver’s bank charges may be deducted from the payment

amount before it reaches the payee account. Therefore the full

amount of the payment may not be credited to the payee’s

account. An Intermediary Bank may not deduct its charges from

the payment amount on a payment made in an EEA currency

within the EEA.

(8) Payment conrmations for Outgoing International Payments

submitted via certain electronic channels (e.g. AIB Internet

Banking, AIB Kiosk Banking, iBB etc.) are available to customers

on their International Payment Log.

(9) AIB Kiosk Banking is widely available across the AIB branch

network. You can access the kiosk by using a personal AIB Debit

Card and PIN or with your Internet Banking Registration and

PAC numbers.

(10) Paper application forms are available at your local branch or to

download on www.aib.ie.

(11) The currencies and destinations available for sending

International Payments may dier depending on the delivery

channel.

(12) EEA currencies include the following:

EUR = euro,

CHF = Swiss Franc, CZK = Czech Koruna, DKK = Danish Krone,

HUF = Hungarian Forint, NOK = Norwegian Krone,

PLN = Polish Zloty, SEK = Swedish Krona.

NOTE: EEA currencies available for sending International

Payments may dier depending on the delivery channel. The

following EEA currencies are not currently available for

sending/receiving International Payments. They are BGN =

Bulgarian Lev, ISK = Icelandic Krona, RON = Romanian Leu and

HRK = Croatia Kuna.

(13) EEA = EU Member States and Norway, Iceland and

Liechtenstein.

(14) Under the ‘Sender’ charging option, our fees and all other

Intermediary and/or Receiver Bank charges are paid by the our

customer. We will debit the Sender’s account with these

Intermediary and/or Receiver Bank charges when we receive a

bill or claim from these banks. This can happen some time after

we have processed the payment.

(15) CAD = Canadian Dollar, USD = US Dollar, GBP = Pound

Sterling.

(16) The cut-o times for Incoming International Payments are

available on www.aib.ie.

(17) The National Sort Code (NSC) is the six-digit number which

identies a bank and branch within Ireland at which an account

is held. NSCs appear on bank statements.

(18) Payments received with incomplete or incorrect Unique

Identier may be returned to the Sending Bank and a return

fee may be deducted from the original payment amount.

(19) The minimum execution cycle of an urgent payment debiting a

currency account is dependent on the currency of the debit

account. For example, an urgent USD payment debiting an SEK

account (a next day value currency) will have a minimum

execution cycle of the next day and a USD payment debiting a

THB account (two day value currency) will have a minimum

execution cycle of 2 business days.

(20) For payments requiring a currency conversion, a conversion

charge of up to 1.4% on the foreign exchange rate will apply.

Note: See details of Important Information on

pages 21-25.

IBAN & BIC

What does IBAN & BIC stand for?

IBAN stands for International Bank Account Number

(IBAN) and is the international standard for numbering

bank accounts.

BIC stands for Bank Identier Code (BIC) and is a unique

address that identies a nancial institution.

The BIC for AIB Bank is AIBKIE2D.

When do I use the IBAN & BIC?

Making payment to SEPA Zone Countries.

For an outgoing SEPA Credit Transfer you will need to

provide the Receiver’s IBAN. For all other payments you

will need to provide the Receiver’s IBAN and BIC.

Receiving payments from SEPA Zone Countries.

For an incoming SEPA Credit Transfer you will need to

provide your IBAN. For all other payments you will need

to provide your IBAN and BIC.

Making payments to Non-EEA Countries.

For payments to certain non-EEA countries, you must

include a valid IBAN of the Receiver. If you do not provide

this information on your payment instruction, AIB will be

unable to process your Outgoing International Payment.

Further detailed information on the Unique Identiers

required when making payments to specic countries is

available on www.aib.ie by searching for ‘Country

Specic Receiver Bank’.

Where can I get my IBAN & BIC?

Details of your IBAN and AIB’s BIC are printed on your

account statements.

Please refer to the intended Receiver of your payment to

obtain their respective IBAN and BIC details for Outgoing

International Payments.

For further information visit www.swift.com

* The SEPA zone is a common Euro payments area that

include EU Member States and a number of other

countries and jurisdictions. As the list of destinations

changes from time to time, an up to date list is available

on www.aib.ie under the ‘Help & Guidance’ section and

on the Paylink Euro application form. Ireland is excluded

as a destination country for Paylink Euro payments on all

electronic payment channels. It is available as a destination

country for payments processed at AIB Branches on the

Paylink Euro Application form.

Trade Finance Services

Our Trade Finance Services are subject to our Trade

Finance Terms and Conditions which are available from

fxcentre.aib.ie or upon request from your branch.

For exporters

Outgoing Collections

Outgoing Collections (Clean and Documentary)

0.2% of total invoice value. Minimum €19/Maximum €190.

Incoming Letters of Credit

Advising a Letter of Credit

(1)

€38

Adding our Conrmation

(1)

Subject to arrangement (depending on underlying risk).

Minimum €63 for each 3 months or part thereof.

Amendments

(1)

€19 per amendment

Issuance/Transferring a Letter of Credit

(1)

0.3% of Transferred Letter of Credit value for each 3 months or

part thereof. Minimum €38. Applied at issuance and/or

renewal of Letter of Credit.

Payments/negotiations

(1)

0.15% of value. Minimum €38.

Acceptances/Deferred Payments

(2)

Subject to arrangement (depending on underlying risk).

Minimum €38. Applied on a per annum basis from date of

acceptance to date of maturity.

For importers

Incoming Collections

Incoming Collections (Clean and documentary)

0.2% of value. Minimum €19/Maximum €190.

AIB’s guarantee of customers’ acceptances of term drafts

(in incoming collections)

1.5% per annum or part thereof. Minimum €38.

(in addition to collection charges).

Outgoing Letters of Credit

Issuance

0.3% of Letter of Credit value for each 3 months or part

thereof. Minimum €38. Applied at issuance and/or renewal

of Letter of Credit.

Amendments

€19 per amendment

(except where Letter of Credit value is increased in which case issuance charge

applies)

Acceptance

(where Letter of Credit calls for term draft/deferred payments)

1.5% per annum from date of acceptance up to date of

maturity. Minimum €12.

Document Examination

Set of documents.

€12

Outgoing Standby Letters of Credit

Issuance

Price on application.

Minimum €38 for each 3 months or part thereof. Applied at

issuance and/or renewal of Standby Letter of Credit.

Amendments

€19 per amendment

(except where Letter of Credit value is increased in which case issuance charge

applies)

Guarantees

3

Outgoing Guarantees/Outgoing Counter Guarantees

(4)

Issuance

Price on application.

Minimum €38 for each 3 months or part thereof.

Applied at issuance and/or renewal of guarantee.

Amendments

€19 per amendment

(except where guarantee value is increased in which case issuance charge applies)

Incoming Guarantees

Advising

€38

Amendment

€19 per amendment

Incoming Counter Guarantees

(4)

Issuance

Subject to arrangement (depending on underlying risk).

Minimum €63 for each 3 months or part thereof

Amendments

€19 per amendment

(except where guarantee value is increased in which case issuance charge applies)

Footnotes

(1) Includes Incoming Standby Letters of Credit.

(2) Excludes Incoming Standby Letters of Credit.

(3) Inclusive of guarantees, bid bonds, performance bonds,

advance payment bonds.

(4) Counter Guarantees are used when one bank issues a

guarantee at the request of another.

Note: See details of Important Information on pages 21-25

Important Information

Other Applicable Charges

All charges in this brochure are quoted in euro.

In addition to the charges outlined in this brochure the

following charges may also apply:

1. Account Transaction Fees and Service Charges

For more information refer to:

• A Guide to Fees and Charges for Personal Accounts.

• Business Fees and Charges.

• A Guide to Currency Accounts.

• A Guide to Sterling Current Accounts.

• A Guide to Currency Fixed Term Deposit Accounts.

2. Out of Pocket Charges

e.g. courier charges and third party expenses.

3. Intermediary/Receiver Bank Charges

• Charges may be deducted or claimed by

Intermediary and/or Receiver Banks, for payment

routing, transaction handling or where

amendments/investigations/cancellations to

instructions are requested.

• Where an international euro or foreign currency

cheque is sent for payment on a collection basis,

foreign bank’s charges will also apply to the

transaction, and these charges will be taken by the

foreign bank before they send the money to us.

4. SWIFT Transmission Charges

A SWIFT Transmission charge up to a maximum €6.35

per message is charged where the SWIFT facility is

used to process an international transaction.

Any transaction to or from your account in a currency

other than the currency in which your account is

denominated, will require a currency conversion using a

foreign exchange rate.

Foreign exchange rates applicable to foreign currency

notes, foreign currency collectible items and trade nance

services are available at any AIB branch. These variable

exchange rates are subject to change at any time.

If you wish to avail of any of our International Payment

services the exchange rate used for such conversions

will be:

• for amounts up to and including our standard

exchange rate threshold value, our applicable standard

exchange rate on the business day on which the

instruction is deemed to have been received by us; and

• for amounts over our standard exchange rate threshold

value, for foreign currency payments to your Account,

we will attempt to contact you to negotiate a rate with

you before we make the conversion. If we have been

unable to contact you or have been unable to agree a

rate with you by 4pm on the Business Day on which a

payment is deemed to have been received by us, we

will apply an appropriate exchange rate as determined

by us at that time.

Our standard exchange rate threshold value is subject to

change from time to time. The current threshold value

and the standard exchange rates used for converting

International Payment transactions in foreign currency

are available to view online at www.aib.ie or upon

request from your branch. These variable exchange rates

are subject to change at any time.

In the case of a Foreign Cheque being sent for

collection, the exchange rate used is the exchange rate

prevailing on the date on which the funds are received

by AIB from the foreign bank and not the date on which

the cheque is sent for collection.

The Application of Foreign

Exchange Rates to Transactions

Important Information continued

NOTE: Exchange rate losses may occur where an

incoming international payment is returned to the

sending bank by AIB or where an outgoing international

payment is refused by AIB or the receiving bank due to

incorrect or incomplete payment information.

Exchange rate losses may also apply in the case of

cancellation or amendment to a payment transaction

and unpaid items.

International Payments

Important Information continued

• Importance of the Correct Unique Identier –

The unique identier is the information required to

identify the bank account of the Receiver. Please

ensure that the Unique Identier provided is accurate

and complete. Failure to provide the correct Unique

Identier may result in your International Payment

being returned to your account for a lesser amount

due to foreign bank fees and charges and/or

exchange rate losses. Further detailed information on

country specic unique identiers is available on

www.aib.ie by searching for ‘Country Specic Receiver

Bank’.

• Recall of International Payments – Payment

instructions once received by AIB are irrevocable and

cannot be cancelled. If an International Payment is

recalled, please note that exchange rate losses may be

incurred if the International Payment was subject to an

exchange rate conversion either on the sending or

receiving side. In addition the recalled payment may

also be subject to a deduction of fees and charges by

intermediary and/or Receiver Banks.

• Beneciary Bank Unable to Apply – Where the foreign

bank advise us that they are unable to eect the

payment to the Receiver due to insucient or

incorrect information in the payment instruction, in all

cases, we will instruct them to return the payment to

AIB for re-credit to the original debit account. A new

payment instruction will have to be given with correct

details. If an International Payment is returned, please

note that an exchange rate loss or gain may be

incurred if the International Payment was subject to an

exchange rate conversion either on the sending or

receiving side.

• Charging for International Payments – our charge for

an Outgoing International Payment is paid by the

sender of the payment. The charges levied by any

Intermediary or Receiving Bank may be charged either

to the Sender (‘Sender’ charging option) or is

deducted from the payment amount before it is

delivered to the payee (‘Shared’ charging option).

• Currency Conversions – When sending international

payments in a non-local currency (e.g. Euro payment

to the USA), the payment may be converted to the

domestic currency. The conversion will be completed

either by the intermediary bank or receiver bank

before crediting the receiver.

International Payments continued

Important Information continued

Terms and conditions apply.

Allied Irish Banks, p.l.c. is regulated by the Central

Bank of Ireland.

If you want to be more certain of the currency amount to

be lodged to the foreign bank account it is

recommended that you send the currency of that bank

account where available. (e.g. USD payment to the USA).

Foreign Bank charges may apply but currency

conversion will take place through AIB.

• Payment Purpose Codes – These codes are used to

identify the purpose of a payment and it is mandatory

to provide a clear purpose. Please note certain

countries require Payment Purpose Codes explaining

the purpose of the payment e.g. Jordan, China and

Philippines. This information is required by the

Receiver bank to process the payment. Failure to

provide this information may result in a delay by the

receiver bank in crediting the receiver or the payment

may be rejected and returned. Please check with the

receiver if this information is required for your

payment.

• ‘Sender’ – You should choose the ‘Sender’ option

when you want the full amount of the payment to be

credited to the Receiver’s Account and you are

prepared to accept the charges of the intermediary

and/or Receiver Bank. The ‘Sender’ charging option

can only be used when making a Paylink Standard or

Urgent payment. It is not available when making a

payment to EEA Countries or via AIB Internet Banking

and AIB Kiosk Banking. If you want this option please

complete the Paylink Application form available in

your local branch or on www.aib.ie.

• ‘Shared’ – The ‘Shared’ charging option is used when

our fees are paid by the Sender and all other charges

(Intermediary and/or Receiver Bank charges) are paid

by the Receiver. These Intermediary and/or Receiver

Bank charges may in some cases be deducted from

the payment amount, before it is credited to the

Receiver’s account. This means that the full amount of

the payment may not be credited to the Receiver’s

account. An Intermediary Bank may not deduct its

charges from the payment amount for a payment

made in an EEA currency within the EEA.

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