Junior Saver

• For your child to open this Account, a copy of the child’s birth certificate or the applicable court order (or other relevant documentary evidence) must be produced as proof of parenthood/guardianship. This is in addition to proof of identity.

• Before opening a bank account with AIB Bank we also need suitable documentation to verify your identity and that of your child and proof of your residential address. See details here Personal Identification Requirements

• We will deduct Deposit Interest Retention Tax (DIRT) at the prevailing rate from all interest earned, unless you are entitled to exemption from DIRT, and we will pay this directly to the Revenue Commissioners
• To the extent that DIRT has been deducted there is no further liability to Irish income tax, but you may be subject to PRSI. Deposit Interest is not liable to the Universal Social Charge
• The Bank will deduct DIRT from the accounts of customers unless a fully completed non-resident declaration form is held by the Bank and a minimum balance of €12,500 is maintained at all times in each account maintained by the customer. Where these conditions are maintained, we will apply this DIRT exemption to all accounts you hold with us
• If you or your spouse are aged 65 or over in the current tax year, or permanently incapacitated, and you are exempt from income tax, you may apply to have all interest on the account paid without deduction of DIRT. Each personal account you hold with us requires a separate application
• Details of interest paid may be reported to the Revenue Commissioners, in accordance with the requirements of S.891B of the Taxes Consolidation Act 1997.

Where interest is paid to an individual resident in an EU Member state (other than Republic of Ireland) or certain department territories, that interest will be reported to the Revenue Commissioners in accordance with the European Union Council Directive 2003/48/EC (EU Savings Directive).