AIB Student Plus Account Terms and Conditions and Associated Benefits

1. AIB Student Plus Account Terms and Conditions

1.1 These terms and conditions are in addition to and should be read in conjunction with AIB’s Terms and Conditions for Current, Demand Deposit and Masterplan Accounts, which also apply to your AIB Student Plus Account.

2. Eligibility

2.1 You are eligible to apply for an AIB Student Plus Account if you are enrolling or are currently enrolled in any full time third level education course, which includes full time post-graduate studies with a minimum duration of one academic year.

2.2 You may only hold one AIB Student Plus Account at any one time and this account must be in your sole name.

3. Period of AIB Student Plus Account and associated Benefits

3.1 The AIB Student Plus Account and Benefits (as defined in clause 4.1 below) are valid for a maximum period of either four years from the date you convert to or open your AIB Student Plus Account, or when you graduate, whichever is sooner. At the end of this period, your AIB Student Plus Account will automatically convert to an AIB Graduate Account, and the Bank’s ‘Terms and Conditions for Current Accounts, Demand Deposit and Masterplan Accounts’ will continue to apply, together with any specific terms and conditions for AIB Graduate Accounts. We will advise you at least 2 months prior to your AIB Student Plus Account converting to an AIB Graduate Account. If you are pursuing a course that is of a duration longer than four years, please advise us and, subject to our agreement, we will extend your AIB Student Plus Account and Benefits for an agreed period.

3.2 You will no longer be eligible for the AIB Student Plus Account and Benefits if you cease to be engaged in a full time third level educational course. If you cease to be enrolled in a full time third level education course, you must advise us and we will convert your AIB Student Plus Account to another appropriate personal current account.

3.3 If you convert an existing account into an AIB Student Plus Account, any accrued debit interest or other fees and charges on your existing account may be charged to your AIB Student Plus Account (in the case of debit or surcharge interest, at the end of the next interest charging period).

4. The associated Benefits of an AIB Student Plus Account

4.1 The associated benefits are the benefits which you may enjoy when you hold an AIB Student Plus Account and they are only available to AIB Student Plus Account holders (the ‘Benefits’).In order to receive the Benefits, you must satisfy the criteria described by us for the relevantBenefit, identify yourself as an AIB Student Plus Account holder and request the Benefit at the time of application/the transaction.

4.2 The Bank may, at its discretion, extend the Benefits to other customers.

4.3 Any benefits or discounts that you may have previously been entitled to as holder of another AIB personal current account will expire upon you converting to or opening an AIB Student Plus Account. An exception to this is where, at the time of converting to or opening an AIB Student Plus Account, you hold an existing AIB loan. In this case, all terms and conditions relating to that loan will remain the same unless you request to increase the amount, extend the term, or otherwise amend the terms of that loan while you hold an AIB Student Plus Account, in which case this shall be a new application for an AIB Student Plus Account loan and a new credit agreement will have to be entered into in respect of that loan where the application is approved.

4.4 Bank Free of Maintenance and Transaction Fees

4.4.1 You will receive free maintenance and transaction banking from the date you convert to or open an AIB Student Plus Account until the date your account is converted to one of our other personal current accounts. On conversion to one of our other personal current accounts, you may still qualify for free maintenance and transaction banking, even if it is not a benefit of that account. For further details, please see the chapter ‘A Way to Bank Free of Maintenance and Transactions Fees’ in the current edition of our booklet ‘A Guide to Fees and Charges for Personal Accounts’.

4.4.2 Free maintenance and transaction banking does not include the Service Charges or Government Charges set out in the current edition of our booklet ‘A Guide to Fees and Charges for Personal Accounts’, except in the circumstances set out in 4.5 below.

4.5 Foreign Currency, Duplicate Statements and Bank Drafts

4.5.1 As an AIB Student Plus Account holder, you are eligible to avail of the following transactions, undertaken at an AIB branch, free from service/commission charges: Purchase and sale of foreign currency notes* Duplicate Statements, Bank Drafts payable in euro for use in Ireland.** To avail of these additional Benefits you must advise staff at the time of each transaction that you are an AIB Student Plus Account holder. These additional financial Benefits are only available on face-to-face transactions undertaken at the branch and cannotbe applied for in any transactions undertaken online,at an ATM or at a self-service kiosk.

*For details of these foreign currency charges see our “Schedule of International Transaction Charges” booklet.

**Medallion Stamp Duty €0.50 applies on this transaction.

4.6 Student Interest Free Overdraft

4.6.1 To be eligible for the interest free overdraft benefit, you must be 18 or over, maintain an AIB Student Plus Account and be engaged in a full time third level education course.

4.6.2 You must apply for and we must approve in writing an authorised overdraft facility. The interest free overdraft benefit only applies to authorised overdrawn balances up to €1,500, or the approved overdraft limit, whichever is less.

4.6.3 If your AIB Student Plus Account is overdrawn without our prior written approval or if you exceed an authorised overdraft limit, then debit interest will apply to any unapproved overdrawn balance or excess balance (over and above the approved overdraft limit) at the Bank’s Standard Variable ‘A’ Overdraft Reference Rate, in addition to surcharge interest. For details of current overdraft interest rates and borrowing charges please refer to notices displayed in our branches.

4.6.4 Subject to compliance with the eligibility criteria set out at 4.6.1 above, the standard overdraft facility fee of €25.39 will be waived.

4.6.5 If at any time during the overdraft, your AIB Student Plus Account is converted to another type of personal current account, you will no longer be eligible for this interest free offer. We will notify you of any changes to your overdraft in these circumstances.

4.6.6 If you cease to comply with the eligibility criteria at 4.6.1 above and you want to amend your overdraft limit or otherwise change the terms of the overdraft, we will have to enter into a new credit agreement with you and this interest free overdraft benefit will no longer apply. The new credit agreement will set out the terms, conditions and rate applicable to the new loan.

4.7 Student Personal Loan

4.7.1 To be eligible for this loan, you must be 18 or over, maintain an AIB Student Plus Account and be engaged in a full time third level education course. Only loans in your sole name will be eligible for the discounted rate.

4.7.2 Subject to our approval, the maximum loan term is five years and the maximum amount of the loan is €50,000.

4.7.3 There is no limit to the number of discounted rate loans that you can apply for once they are approved and fully drawn while you comply with the eligibility criteria set out at 4.7.1 above.

4.7.4 Existing loans held by you prior to converting to, or opening an AIB Student Plus Account, do not qualify for the discounted rate. However, if you request, and we approve, an increase in the amount or an extension of the term of that loan while you comply with the eligibility criteria at 4.7.1 above, the discounted rate will then apply.

4.7.5 Currently, the loan is offered at a discounted rate of 3% off the Bank’s Standard Variable

‘A’ Loan Rate. The rate of discount is subject to change. However, the discounted rate set out in the credit agreement will apply for the agreed term of the loan.

4.7.6 If you cease to comply with the eligibility criteria at 4.7.1 above and you want to borrow further money on your loan (‘top up your loan’) or if you want to change the terms of the loan, we will have to enter into a new credit agreement with you for the total amount. This may change the interest rate that applies to your loan. The new credit agreement will set out the terms, conditions and rate applicable to the new loan.

4.8 Student Contribution Charge Loan

4.8.1 To be eligible for this loan, you must be 18 or over, maintain an AIB Student Plus Account and be either enrolling in, or currently engaged in, a full time third level education course. Only loans in your sole name will be eligible for the discounted rate.

4.8.2 Subject to our approval, the maximum amount you can borrow is €3,000 per year.

4.8.3 A new loan application must be completed each year. Evidence that you satisfy the eligibility criteria set out at 4.8.1 above may be required in respect of each loan application (for example, you must provide a copy of the college fees remittance invoice with each application). A new credit agreement will have to be entered into in respect of each new loan where the application is approved.

4.8.4 We may, at our discretion, decline a loan application in any given year. This is the case even

if you were granted a loan previously, in which case the terms and conditions of your existing loan will continue to apply.

4.8.5 The loan cannot be used to fund exam resits, repeat a year of study, or fund any postgraduate study. Evidence of compliance with this condition may be required.

4.8.6 Security in the form of a Letter of Guarantee from a Parent/Guardian may be required.

4.8.7 Currently, the loan is offered at a discounted rate of 3% off the Bank’s Standard Variable

‘A’ Loan Rate. The rate of discount is subject to change. However, the discounted rate set out in the credit agreement will apply for the agreed term of the loan.

4.8.8 The maximum number of loans that can be approved and drawn down at the offered discount rate is four.

4.8.9 If you cease to comply with the eligibility criteria at 4.8.1 above and you want to borrow further money on your loan (‘top up your loan’), or if you want to change the terms of the loan, we will have to enter into a new credit agreement with you for the total amount. This may change the interest rate that applies to your loan. The new credit agreement will set out the terms, conditions and rate applicable to the new loan.