First Trust Bank

By: EconomyWatch Content   Date: 3 November 2009

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First Trust Bank is an Irish bank and is a part of AIB Group. Founded in 1991, First Trust Bank was the result of the merger of TSB Northern Ireland with the AIB Group. Though the genesis of First Trust bank can be traced back to 1861 when the Belfast Savings bank was founded, this is one of the four banks that are permitted to issue Pound Sterling banknotes in Northern Ireland.

First Trust Bank: Operations in Ireland

Allied Irish Banks’ (AIB) UK division operates in two distinct markets: Northern Ireland and Great Britain. First Trust bank is the name that AIB Group uses to operate in the Northern Ireland. The bank has 44 full-service branches in Northern Ireland with headquarters at Belfast. The bank offers full services to both businesses and personal banking customers such as mortgages, invoice discounting, credit cards, asset finances, investment and financial guidance.

First Trust Bank: Products and Services

First Trust Bank offers almost all kinds of accounts, credit cards and insurance plans. Most noted is the vast variety of banking accounts on offer:

·        Classic Account: With overdraft facility, a Visa Debit card and online accounts, these offer great service to people who want regular access to their funds.

·        Basic Bank Account: This is the most basic form of account and is ideal for people who want a banking account without much procedural complication. The account comes with a cash card.

·        Packaged Current Account: With automatic interest fee overdraft facility of £100 and no fees for arranging more, this account is perfect for people who have irregular bills to pay.

·        Plus Current Account: The bank pays interest on the funds of this account if £1,200 is credited to the account each month. The first £100 overdraft comes without any interest charges.

·        Student Account: There are many variants of student accounts and they can be opened with deposits as low as £10 and offer interest on the funds.

Besides these accounts, First Trust bank also offers foreign exchange accounts that let people pay in foreign currencies and maintain foreign currency accounts.


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