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Dublin: 13 °C Tuesday 14 July, 2020

Letter: 'Why I am closing my current account'

An aggrieved-but-calm AIB customer, with €82 in his account, tells the bank why he is leaving them.

THE DIRT SCANDAL, the costly bailout and the reintroduction of fees for “poorer customers” were three of the reasons cited by an AIB client as he closed his account with the bank today.

The author outlined his grievances in a letter which he subsequently sent to

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Why I am closing my current account with AIB

Minor Reasons

2012: Re-introduction of fees for poorer customers (those with less than €3,000)

2012: Messing up of a direct debit payments of mine

2013: While in Chicago, due to family problems I urgently attempted to transfer money to an account. I had my ‘code-card’ with me, however I was told it was impossible as I needed a ‘card reader’, despite the fact I was never sent one. Thankfully Ulster Bank helped me out that day.

Main Reasons:

1986 to 1999: DIRT scandal.

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2006: The 2nd mostly costly bank bailout in the history of the state. Circa €30 Billion


I don’t expect anyone in AIB will care that I, a mere current account holder with €82 is leaving, or that I have stopped banking with you. I don’t hold that opinion lightly; I hold it based on the evidence above. Institutions that act with care and responsibility don’t become insolvent betting on one type of asset class. They don’t offer 100 per cent mortgages. They don’t offer 10 times their gross income in debt.

So because of the evidence, I hence forth promise to avoid banking with you were possible. I will also endeavour both in my personal and professional capacities to remind my colleagues, members of my family and friends of the reckless nature and theft you as an institution have practised to the great cost of Ireland and her citizens. It’s not much, and most people don’t need reminding but it is all I really feel I can do.

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