Urgent money warning for thousands of AIB customers over ‘delayed payments’ in just days

THOUSANDS of AIB customers have been warned that they could face major payment delays next week.

The delay, which will affect payments both sent and received, will impact customers on Wednesday May 1.

Bank bosses confirmed that the delay is due to the European Bank Holiday.

Those impacted will include people sending or receiving payments to or from their AIB account from non-AIB customers.

The delay applies to SEPA payments, which is for euro payments within most European countries.

Money bosses confirmed that payments between AIB accounts will not be delayed.

AIB said: “We want to let you know that on Wednesday
1 May 2024, payments you send or receive from non-AlB customers on that day may be delayed.

“This is because of the European bank holiday.

“This delay applies to SEPA payments, which is for euro payments within most European countries.

“Payments you send or receive in euros on Wednesday 1 May, may be delayed until Thursday 2 May.

“Payments between AlB accounts will not be delayed.”

AIB customers who need to make payments to non-AIB accounts on this date should send the money early to make sure they’re not affected.

Separately, thousands of parents have been warned about huge €1,500 cost hikes this summer – amid a new warning about monthly Child Benefit cash.

The cost of keeping two primary-school age children in working-parent households cared for over the summer holidays could set families back a whopping €1,425.

Research indicates that it will cost up to €204 weekly for childcare and summer camps for a family of two primary-school children.

Working-parent households will be forced to juggle camps, childcare for outside camp hours and transport for the summer months due to the closure of schools.

And Cork based financial planning firm Provest is urging parents to plan ahead to manage the financial demands associated with the upcoming break.

Financial Advisor Olive Walsh said parents should start a saving plan when their child is born to ensure they will be able to deal with the longer-term costs of raising children.

She said: “Even small steps like saving the state Child Benefit can make a big difference.”

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She warned parents who are able to save their Child Benefit money each month.

Ms Walsh said the €140 per child per month child benefit boost will “allow you to save funds for future expenses” and she added that parents can withdraw funds as needed from it along the way.