AIB Masterplan: Manage your Household Budget with an AIB Masterplan

No matter what your circumstances, having a household budget is the best way to keep spending under control and improve your financial situation. A household budget is simply a plan of the money you expect to receive into the household and how you expect to spend it.

 

Note: The interest rate on an AIB Masterplan Account is variable and may change.

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AIB Masterplan

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    Features and Benefits

    AIB's Masterplan Account is a budgeting tool that can help you:

    • Plan your spending over the course of the year

    • Spread the burden of bills evenly over the 12 month period up to a maximum of €75,000

    • Manage your cash flow throughout the year

    • Enjoy better control over your finances.

     

    How does the AIB Masterplan Account work?

    • Use the online Masterplan Budget Tool to estimate the household expenses you will have during the year that you would like to pay from your Masterplan Account i.e. electricity bills, car insurance, school fees etc.

    • This is the amount you apply for on your Masterplan Account and this limit will be set up on the account.

    • Throughout the year, you pay your bills from your Masterplan Account whenever they are due, but you make equal monthly payments from your main current account to your Masterplan Account.

    • Each month, the limit on your Masterplan Account will reduce in line with your monthly payment, so at the end of the year, the bills are paid and the limit is zero.
       

    What about interest?

    • Interest is charged quarterly on any overdrawn (debit) balance and can be charged to either your main current account or charged directly to your Masterplan Account.

    • Charging your interest to your current account is the most straightforward option. This option is available only where your main current account is in the same branch as your Masterplan.

    • If your interest is to be charged to your Masterplan Account you will have to factor that into the amount you apply for as interest will then also be paid from this account.

    What charges may apply?

    • A Quarterly Maintenance Fee of €4.50 applies to Masterplan Accounts.

    • Interest is charged quarterly on any overdrawn balance.

    • Charges for standing orders or direct debits may apply.

     

    Please refer to the current edition of 'A Guide to Fees and Charges for Personal Accounts' in your local branch or online for further details.

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Enter your Typical Payment below and one of the following for Payment Frequency: weekly, monthly, yearly, quarterly, fortnightly, bi-monthly or half-yearly.

Commitments Typical Payments Payment Frequency Annual Total
Electricity [enter amount]
€0.00
Gas [enter amount]
€0.00
Heating [enter amount]
€0.00
Home Insurance [enter amount]
€0.00
Property Maintenance Fee [enter amount]
€0.00
Telephone [enter amount]
€0.00
Commitments Typical Payments Payment Frequency Annual Total
Cable/Satellite Subscription [enter amount]
€0.00
Car Insurance [enter amount]
€0.00
Gym [enter amount]
€0.00
Health Insurance [enter amount]
€0.00
Life Assurance [enter amount]
€0.00
Road Tax [enter amount]
€0.00
Travel Expenses [enter amount]
€0.00
TV License [enter amount]
€0.00
Commitments Typical Payments Payment Frequency Annual Total
Educational Expenses [enter amount]
€0.00
School Bus [enter amount]
€0.00
School Fees [enter amount]
€0.00
Uniform [enter amount]
€0.00
Commitments Typical Payments Payment Frequency Annual Total
contingency [enter amount]
€0.00
[click here to enter expense] [enter amount]
€0.00
[click here to enter expense] [enter amount]
€0.00
[click here to enter expense] [enter amount]
€0.00
[click here to enter expense] [enter amount]
€0.00
[click here to enter expense] [enter amount]
€0.00

Total Outgoings

€0.00

Account Maintenance Fee €4.50(per quarter)

€18.00

Master Plan Limit

€18.00

Monthly Payment for this Limit

€1.50

Note: This information is provided for illustrative purposes only. It does not constitute a contract. We are not recording and will not use the information quoted by you in our Masterplan Tool.
Remember to factor in an additional sum for interest if you want any interest incurred to be charged to your Masterplan Account.

Demo

Talk to Us

Please talk to one of our staff by contacting any of our branches or our customer service helpline (1890 724 724 (+353 1 771 2424 from outside Ireland), lines are open Monday to Friday 8am – 9pm and Saturday 9am – 6pm), if you do not possess the documentation outlined above. We'll be happy to answer any questions you may have about family finance and budgeting tools.

Help and Guidance

Family Finance Budgeting Tool
Try out our easy-to-use online household budgeting tool.

Personal Lending Interest Rates

View our current rates charged on lendings.
 

Important information on your Distance Contract

AIB strongly recommends that before purchasing this product you read the Important Information on your Distance Contract.

 

Help Centre
For all service related queries please visit our Help Centre.

Other Information

Lending criteria, Terms and Conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age.

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