AIB May Have To Give You Money!
Updated : Sep 11, 2009
AIB is to return almost €400,000 to customers it overcharged on tracker mortgages.
The overcharging affects 436 mortgages with the average refund being €906.
The bank said the Financial Regulator had been informed of the mistake.
In a statement to RTÉ News, AIB said it offered different tracker rates to customers based on the loan-to-value ratio of their mortgage.
The error happened when customers were charged an interest rate that did not match the loan-to-value ratio on their account.
If there was 999,999 Aib costomers and there was 999,998 Payouts VHP would be the one!
