Personal Finance Money transfer

AIB large transfer: Limits, cut of times and how to do it

Gabrielle Figueiredo

26.12.24 (updated more than 1 year ago)

Read time 3 minutes

There are lots of reasons why you might need to send a large amount of money. Maybe it’s a new car that you’ve saved up to buy, a purchase for the family or even a deposit on a home. Whatever the case, you’ll need a financial service capable of sending large amounts in a timely and cost effective manner.

We’re going to take a look at one of Ireland's major banks, AIB, and see how they handle large transfers including the process and limits. We’ll also introduce Wise as the smart solution for sending large transfers abroad, with over 14.8 million people worldwide moving £36 billion each quarter.

With Wise you can send up to 20 million EUR per transfer, while getting low, transparent fees, the mid-market exchange rate, and secure, trackable transfers. Plus, you can receive dedicated support and volume discounts when sending large amounts.

Send large amounts with Wise 💰

Can I transfer large amounts with AIB?

large-transfer-aib

Unfortunately, AIB doesn’t allow you to do larger transfers yourself, setting maximum transfer limits that apply to phone and internet banking, and vary depending on the type of transaction.

This means you need to visit a branch and request the transfer is done through a customer service agent or you can print a form and mail it to your account holding branch for the payment to be processed.

What are AIB transfer limits?

As stated before, there are set AIB daily transfer limits that apply to phone and internet banking. What exactly the AIB transfer limit is depends on the transaction type, and keep in there’s an overall cumulative limit of €1,050,000 which applies to these types of transaction.¹

Transaction Type	AIB Daily Limit for Personal Customers
AIB Mobile Top Up	€50
Send money to new new payee via the AIB Mobile App	€1,000
Send money to new new payee via the AIB Mobile App as a Selfie Check user	€10,000
Other Money Transfers (Payments within Ireland and SEPA zone)	€10,000
International Payments (non SEPA)	€10,000
Bill Payment	€10,000
Transfers between your nominated AIB accounts	€1,050,000

The AIB in branch transfer limit isn’t published on their website so it’s best to call customer service or visit one of their locations in person to find out.

How long does it take to transfer large amounts with AIB? ⏰

The AIB bank transfer times vary depending on where you’re sending the money to.

Payment Type	Timeframe
Domestic transfer between your AIB accounts²	Immediately
Domestic transfer to another ROI account at AIB²	Immediately
Domestic transfer to a non-AIB ROI account ²	Same business day when sent before 2.00pm Next business day if sent after 2.00pm
International Euro payments to SEPA country³	Same business day when sent before 2.00pm Next business day if sent after 2.00pm
Other international payments³	Varies subject to currency, destination, cut-off times and if it’s standard or urgent

Wise: Transfer large amounts without hidden fees

If you need to send a large transfer and for whatever reason it seems AIB isn’t the best way to go, so you can consider using Wise instead.

Wise has built its own payment network that allows customers to send money internationally for less. You’ll get the mid-market exchange rate (the same you usually see on Google) without any markups and low, transparent fees.

Here’s an overview of the main benefits of using the Wise account for large transfers:

Send money to +160 countries with low, transparent fees

Send up to 20 million EUR per transfer

Avoid markups or additional hidden fees in the currency conversion, get the mid-market rate

Receive dedicated support and unlock volume discounts for large transfers over €22k

Get sophisticated security and anti-fraud measures, with your money safeguarded

Set up your account online via website or Wise app

No monthly/annual account fees

Get delivery estimates and track your transfers.

If you’re sending or receiving a large transfer abroad the fees on that can play a huge part in determining who to use. Wise has no hidden fees with the rates and timeframes freely available online or through the app or website.

The transfer of the high amounts with Wise is subject to internal reviews and provision of additional documentation by the customer, when requested.

How to transfer large amount of money with AIB

If you need to transfer more than €10,000 with AIB you’ll need to put in a request for the bank to process it. There are two ways you can go about doing this.

Visit an AIB branch in person and request assistance completing the transfer. For the transfer to be completed you must provide a valid form of photo ID.
Print off the Paylink form, complete it and mail it to your account holding branch for the payment to be processed.

Regardless of which method you choose, you’ll want to have this information on hand.

Sender name and bank details

Recipient’s name, address and bank details

Payment information including amount and currency

You’ll also likely be asked why you’re making the transfer and what the money's for.

Sending over €60,000 abroad? Pay from just 0.18% in fees for your first large transfer. T&Cs apply. New Personal accounts within 90 days.

Sources used:

AIB - Transaction Limit Information
AIB - Internet Banking Domestic Payment cut off times
AIB - International Payments FAQ

Sources last checked on date: 11 December 2024

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.