Allied Irish Bank, or AIB Group, is an Irish commercial bank headquartered in Dublin. Founded in 1966, it was essentially nationalised in 2010 after the Irish government took a majority share (which later rose to 99.8%). AIB also operates Allied Irish Bank in Great Britain and First Trust Bank, headquartered in Northern Ireland.
AIB Group is one of Ireland’s ‘Big Four’ commercial banks and offers a full range of personal and corporate banking services, as well as international banking and treasury operations through the AIB Capital Markets division.
AIB Products and Services
AIB offers a comprehensive range of services to personal banking customers, including:
Current accounts (including student, basic, Sterling and graduate options)
Business banking customers also have a range of current account options to choose from, including a Young Farmers’ Current Account, specifically designed to help young farmers aged 18-35 manage their finances, and finance options to support forestry development.
AIB is also supporting business customers in preparing for Brexit and are partnering with the Strategic Banking Corporation of Ireland to deliver the SCBI Brexit Loan Scheme. This allows businesses to address any potential challenges that may arise post-Brexit with flexible funding options. Funding is available until the scheme is fully subscribed, or until 31 March 2020.
Alongside banking services, AIB offers a range of insurance products, including home, health and travel insurance. Life assurance and pensions are also offered, in partnership with Irish Life Assurance PLC.
Allied Irish Bank Security
AIB state that they are committed to maintaining the security of their customers’ accounts, and all online banking services are securely encrypted. They also offer extensive and regularly updated security information on their official website, where customers can seek advice and get in touch with a member of the team if they’re worried, have questions or need to report suspicious activity.