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AIB International Transfers

AIB (Allied Irish Banks) is one of the Big Four corporate and private banking service providers in Ireland. It offers a range of services, including mortgages, insurance, credit cards, and pensions, in addition to regular banking services and international money transfers. This review will take you through everything you need to know about using AIB to transfer your money abroad – including the fees and exchange rate margins charged by the bank.

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About AIB

Incorporated in 1966 and Headquartered in Dublin, Allied Irish Bank (AIB) is now almost entirely owned by the government of Ireland. Currently, the bank has over 200 branches across Ireland and more than 20 in the UK, while also serving over 1.4 million customers through its digital platform.

AIB exchange rates and fees

When making an international transfer using AIB, be prepared to pay both an exchange rate margin and international wire transfer fees. The precise level of these charges will depend on where you’re sending money to, so here is an indication of what to expect.

Exchange rates

Based on AIB’s online exchange rate calculator, the bank charges an exchange rate margin of between 1.5%-4% above the mid-market rate for transfers between different currencies.


International transfer fees range from €12.70 to €32 depending on whether you are transferring to an EEA or non-EEA country. Also, you can choose between Standard and Urgent transfers when transacting, which allows you to pay higher fees to ensure faster transfer speeds.

Additional cost

Customers are charged up to €6.35 to receive incoming payments. When sending money out, intermediary banks may also add another layer of costs, making your transfer more expensive. AIB doesn’t control these fees, however, so be sure to check with your recipient’s bank to avoid being hit by unexpected fees.


Banks all around the world partake in the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network, which identifies different financial institutions through a system of unique bank codes. Here we provide a list of SWIFT codes for X Bank, organised by geographical locations. 

Aib Bank NVArubaOranjestad
Aib BankCayman IslandsGeorgetown
Aib BankIrelandDublin
Aib Capital Markets PlcIrelandDublin
Aib Capital Markets Public Limited CompanyIrelandDublin
Aib Finance LimitedIrelandDublin
Aib Investment ManagersIrelandDublin
Aib Mortgage BankIrelandDublin
Aib Bank Ci Ltd Isle Of Man BranchIsle Of ManDouglas
Aib Bank Ci LimitedJerseySt Helier
Aib Collective Investment Schemes LimitedUnited KingdomLondon
Aib Investment Management LimitedUnited KingdomLondon
Aib BankUsaNew York

AIB pros and cons

AIB is a well-established and trustworthy bank. Having said that, it is always important to weigh out its pros and cons before deciding if it is a good fit for you.

Government-owned: The Irish government owns 99.8% of the bank which is a key indicator of stability and compliance.
Urgent and standard transfer options: Customers can choose between faster deliveries of up to 1 business day or standard deliveries which take up to 4 working days.
Zero fees on contactless payments: Using your AIB debit card for contactless payments attracts zero transaction fees.
Limited number of UK branches: AIB branches in the UK are in major cities hence inaccessible to customers living far off.
High exchange rate margins: The 1.5%-4% exchange rate margins applied by AIB can quickly add up especially when making large international payments to countries outside the EEA.
High fixed transfer fees: With fees of up to €32 per transaction, AIB can be a very expensive option when sending smaller amounts of money abroad.
Low transaction limits: Online transfers are capped at €10,000 per day.

Answers to key questions about AIB

AIB has a good reputation for customer service, but it’s important to consider the whole picture before deciding whether to use AIB to send money abroad. Here are the answers to commonly asked questions.

Can I open an AIB account in any country?

No. You can open an account with AIB if you are a resident of Ireland, the UK, or the EU.

Does AIB have an app?

Yes. AIB has an app running on both Android and iOS platforms. On the AIB app you can:

  • View account balances
  • Report stolen cards
  • Freeze or unfreeze cards
  • Manage direct debits and standing orders
  • Make international transfers
  • Manage beneficiaries

Are there transfer limits?

Yes. Personal users can transfer up to €10,000 per day online and while businesses have a limit of up to €30,000 per day.

How long do transfers take with AIB?

Transfers within the EU take 1-2 days while international transfers outside the EU can take between 2-4 working days. You can speed up your transfers by selecting the ‘urgent’ option, but this will incur extra fees.

What customer support options are available?

There are several options available if you need to get in touch with AIB’s customer support team. The best options are:

  • Telephone: Call 0818 724 724 from Ireland and +353 1771 2424 from any other country Monday to Friday 9am – 5pm for support.
  • Live web chat: You can get live support via online chat through their website.
  • Social media: You can talk to the AIB customer services team over Twitter.

How to open an account and transfer money with AIB

Opening an account and transferring money with AIB can be done easily online, whether on your mobile or your desktop/laptop. Here are the processes involved. 

Opening an account

1. Download the AIB mobile app and tap on ‘Become an AIB customer’ (or go to the website and do the same)

2. Enter your email address and AIB will send you a 6-digit activation code

3. Enter your details including your name, your nationality, and address

4. Verify your identity by video call to complete the process

5. Choose your AIB branch

Take note of your online Personal Registration Number and create your Personal Access Code for internet banking

Sending money

1. On your AIB internet banking screen, click on ‘Transfers and Payments’

2. Then click on ‘I want to transfer money internationally’ 

3. Select your destination, currency, and the type of payment

4. Select the account to be debited

5. Enter the beneficiary details

6. Confirm all the details entered and complete the transaction 


AIB is an alliance of banks that came together in 1966 to form one of the largest banks in Ireland. The bank is almost completely owned by the Irish government and offers standard and urgent transfers both locally and internationally.

However, a couple of things you need to know about AIB is that they charge steep fees for their transfers and their exchange rate margins are comparably high (especially if compared to specialist money transfer services). If you want to save money on your international transfers, you’ll likely find a better deal than AIB if you shop around.

To help you quickly analyse and to get the best international transfer deal in seconds, you can simply enter the details of your transfer into our helpful comparison tool, to view the best deals available.

April Summers

April is a journalist and full-time content writer for MoneyTransfers.com. Over the last decade she has written for a number of different online and print publications. Having lived overseas in Canada and Vietnam, April hopes to see more of the world as soon as possible, with Japan at the top of her travel list. As a former expat, April has first-hand experience of managing finances from overseas. She enjoys writing about forex trends and the future of banking.