Summary: Allied Irish Bank (AIB) does not yet offer any native services for their customers to buy or sell crypto through their internet banking platform. However, customers of AIB can still deposit GBP or Euros into a regulated crypto exchange to invest in digital assets.
Our top pick for investors in Ireland is Uphold. They offer instant and cheap Euro and GBP deposits to trade & stake over 200 cryptocurrencies with low fees. Uphold is a London-based company that is licensed by the Financial Conduct Authority (FCA), making them a safe platform to invest in the asset class.
- Trade and stake over 250 cryptocurrencies with low fees and tight spreads.
- Free and instant GBP deposits via Bank Transfer, SEPA, Debit Card or Credit Card.
- Regulated and Licensed by the Financial Conduct Authority (FCA).
Can You Buy Crypto with AIB?
At the moment, AIB Bank does not offer the ability to buy Bitcoin or other cryptocurrencies directly through their online banking platform. However, AIB Bank maintains a forward-looking perspective on digital currencies. Consequently, customers can sign up with regulated crypto exchanges and effortlessly transfer funds from their AIB Bank account in the form of Euros (EUR) to these platforms.
How to Buy Bitcoin and Crypto with AIB Bank
If you are looking to deposit Euros from your Allied Irish Bank account into a cryptocurrency exchange, we would recommend the Uphold platform. They offer fast and free Euro deposits and low commissions on cryptocurrency and stock trading. If you don't want to deposit with your AIB account, you can also use PayPal and other alternative payment methods.
Follow the simple guide below to get started.
- Sign up to the Uphold platform and verify your identity (personal or company).
- Connect your Allied Irish Bank (AIB) account or Credit/Debit Card to Uphold by selecting the 'My Banks' button on your dashboard.
- You can then select the 'Connect Bank' button to link your AIB account to Uphold and deposit GBP.
- Find the cryptocurrency you want to buy and execute your trade.
What are the Fees?
The costs associated with purchasing cryptocurrencies via AIB Bank vary based on the selected crypto exchange since the bank doesn't directly handle digital asset transactions. We suggest considering Uphold, a trustworthy platform enabling seamless, fee-free EUR deposits from AIB Bank, combined with no trading fees and competitive spreads averaging approximately 1%.
Allied Irish Bank Cryptocurrency Policy
AIB does not have any banking policies that prohibit their customers from depositing funds into licensed digital asset exchanges. This means that you are safe to deposit and withdraw Euros into crypto trading platforms, without having to worry about the risk of your bank or funds being frozen.
What is Allied Irish Bank (AIB)?
Allied Irish Banks (AIB) is a leading commercial bank in Ireland, established in 1966 through the merger of three Irish banks. Headquartered in Dublin, AIB offers a wide range of banking services to individuals, businesses, and corporations, including retail, commercial, and corporate banking.
AIB provides various financial products such as current and savings accounts, loans, mortgages, credit cards, investment services, and insurance products. The bank operates an extensive network of branches and ATMs throughout Ireland, has a presence in the United Kingdom, and is publicly traded on the Irish Stock Exchange and the London Stock Exchange.
Final Thoughts
In conclusion, while AIB does not offer direct cryptocurrency trading services, customers can still access the digital asset market by utilizing regulated exchanges like Uphold. Uphold stands out as a reputable choice for investors in Ireland, providing instant and affordable Euro and GBP deposits, low fees, and a vast selection of over 200 cryptocurrencies. As a London-based company licensed by the FCA, Uphold ensures a secure platform for investing in this asset class.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
