AIB current accounts review
With Allied Irish Bank (AIB), you can choose from a personal current account and a business current account.

Allied Irish Bank, or AIB, offers a range of financial products including savings accounts, mortgages, credit cards and current accounts. Here we review its current account offering.
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Read the full methodologyAIB doesn’t offer a huge selection of current accounts. It offers 1 main current account and 1 business account. However, it also offers student and graduate accounts.
This is a straightforward day-to-day bank account with no monthly maintenance fees. It offers a £200 interest-free overdraft (subject to certain criteria) and comes with a Visa debit card. You can manage the account online, by phone or by visiting your nearest Post Office branch.
Designed for children aged 12-18 years old in part-time or full-time education. You’ll benefit from fee-free banking and a Visa debit card, but you can’t set up standing orders or direct debits on the account.
This account is for those aged 18 years and over who are a full-time third-level university or college student or student nurse. There’s no monthly account fee and you’ll get an interest-free overdraft of up to £1,850. There’s also a medical and dentistry package for those on a 5-year medicine or dentistry course, and the interest-free overdraft is £2,000.
Once you’ve graduated, your student account becomes a graduate account. Again, there are no monthly account fees and you’ll get an interest-free overdraft of up to £1,000.
AIB’s business account can be accessed via the bank’s Internet Business Banking service any time. You can also pay in cash via the Post Office. There is a fee for most banking transactions and these will be charged to your account on a quarterly basis, including a standing charge. It’s also possible to arrange an overdraft, though interest will be charged.
To open a personal account you must be a UK resident and an existing Allied Irish Bank customer (this doesn’t include student accounts). Both personal and business accounts must be opened by phoning the AIB Business Centre on 0345 6005 204.
You will need to provide proof of ID, such as a passport or driving licence, and proof of address such as a utility bill.
Yes, AIB is regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). All funds you deposit with the bank are protected under the Financial Services Compensation Scheme (FSCS).
This protects deposits up to £85,000 per person, per financial institution (£170,000 for joint accounts) in the event the bank went bust.
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AIB doesn’t offer a huge range of current accounts, but if you’re looking for a straightforward personal or business bank account, or you’re looking for a child or student account, you might want to consider what it offers. The personal account’s £200 interest-free overdraft might also appeal to those who tend to dip into the red. However, if you’re after an account that pays interest or offers cashback or other rewards, you will need to look elsewhere.
In the Apple App Store, AIB scores 4.6 out of 5 from around more than 26,000 reviews. It doesn’t have a specific UK app in the Google Play Store, but scores 3 out of 5 from more than 31,000 reviews overall. These were checked in June 2025.
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