Debit Cards in Foreign Currencies
New Features
Introducing an exciting enhancement to your banking experience with AIB! We're thrilled to introduce an updated characteristic for the debit cards in foreign currencies that brings you a world of convenience, security, and financial control. Your saving/current account will be dedicated solely to your funds, ensuring seamless management of your funds, while another sub-account will be linked to your foreign currency debit card to serve as your trusted for day-to-day expenses; noting that your current foreign currency debit card will be unlinked to your current/savings (Main) account, and associated with the new sub-account.
How will this transition affect you?
With this innovative approach, you'll experience unparalleled ease and organization in handling your finances, empowering you to take full control of your banking journey like never before. You will get to enjoy the following benefits:
- Fraud protection: Enjoy extra protection on your savings as your foreign currency debit card will only be linked to the funds that you transfer to the sub-account. This can help to protect your savings from fraud.
- Budgeting and tracking: It will be easier to budget and track your spending when you have a separate sub-account for your everyday expenses. You can use your foreign currency debit card for everyday purchases, and transfer money from your saving/current account to a sub-account linked to your debit card as needed. Furthermore, it is easier to avoid overspending if you have a separate sub-account for your debit card.
- Convenience: It will be more convenient to have a separate sub-account linked to your foreign currency debit card for your everyday expenses, especially if you travel frequently.
Below is a comprehensive presentation of the new characteristics:
- Saving/Current Account (Main): Designed to offer you an interest rate (if exists) and enable you to use all banking services such as withdraw and deposit funds. However, please note that it will not be linked to a foreign currency debit card.
- Sub- account: This account is dedicated specifically to providing you with only a foreign currency debit card to control your expenses and to ensure more security as the debit card will only be linked to the funds you transferred to this account.(without additional fees)
| Saving/Current Account (Main) | Sub-account |
|---|---|
| 1. Offers interest rate on your funds. (if exists) | 1. Associated to a foreign currency debit card. |
| 2. Use all banking services such as withdraw and deposit funds through AIB branches. | 2. Transfers to/from this account are only permitted from saving/current account (Main). |
| 3. No linked foreign currency debit card. | 3. No cash deposit/withdrawal into this account, only transfers. |
| 4. No interest offered on deposited funds. |
You can fund your sub-account associated with the foreign currency debit card through following options:
- Mobile Banking:Through an internal transfer from your saving/current account (Main) to sub-account linked to the foreign currency debit card.
- Online Banking:Access your account online and easily transfer funds to the sub- account linked to the foreign currency debit card.
- In-Branch:Visit one of our branches to deposit money into your saving/current account, or if you already have funds, then transfer the desired funds from the saving/current account to the sub-account linked to the foreign currency debit card.
- Please note that the service does not require changing your current card and it will be activated starting 1/1/2024.
Get ready to embrace a new level of financial flexibility and control with our innovative foreign currency debit cards characteristics. We're excited to bring you this enhanced banking experience at AIB!
*Terms & Conditions apply.*