Allied Irish Banks has refunded €266,000 to 3,773 customers and apologises for stealing money from them. The reason this time was that over the past 10 years they took Stamp Duty from customers who had AIB credit cards, but were living abroad. Though, in this situation, AIB probably didn’t benefit from this “mistake” since they would have been supposed to pass this money on to the Revenue Commissioners.
This now means that since November 2004, 1,375,973 Irish consumers have been overcharged by approximately €112m. This is the true scale of “Rip Off Ireland” yet where are the National Consumer Agency or the Financial Regulator when it comes to addressing this theft from Irish consumers?