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AIB drops free banking

February 16, 2011

By Staff Reporter

The Irish Republic’s biggest bank has said that it will pay 0.5 of a percentage point in interest to customers who access their current accounts by phone or use the internet once they maintain euro 1,000 in credit.
But customers who qualified for free banking once they held a balance of more than euro 500 in their current accounts will be forced to pay bank charges.
However, the bank will continue to offer this saving to students and customers over 60.

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