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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!

 

 

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