AIB is hiking its charges for personal and business customers from the end of August.

The fee for withdrawing money from your current account at an ATM will rise from 20 cent to 35 cent.

For paper and staff-assisted transactions - including cheques or withdrawals carried out in a branch or post office - current account holders will be charged an extra 9 cent, bringing the fee up to 39 cent.

Foreign currency charges will also jump from €4.44 to €7, while the price of setting up a standing order will go from nothing to €4.50.

Sinead Ryan, Journalist with The Evening Herald, answered Newstalk's Breakfast presenter, Norah Casey's question about whethar it's a cynical move on the part of the bank: