As news that one of the Euromillions winners has come from Ireland, Allied Irish Banks have announced their plans to introduce a new Lotto Winning Charge on all of their accounts.
The new charge comes in line with their policy of pissing off as many of their customers as possible and is effective immediately.
The charge on lotto winnings will be 99.8% of the amount and will be applicable to every account no matter what the total winnings are. Everything from €4 wins right up to the shared €188 million from last night’s Euromillions will all face the hefty charge.
In a statement AIB said earlier:
These changes are driven by the need to ensure cost recovery across all AIB businesses are shouldered by our ordinary account holders, even though their take home pay has been massively reduced after they bailed us out for billions. It’s just the way we work, kick people when they are down. And now, by taking away a massive part of a lotto win, we can ensure we play our part in helping everyone lead a broke and miserable life.
AIB are hoping that this new move will take even more money out of the real economy in an attempt to plug a financial black hole. These charges will not help stimulate growth or create jobs either, as AIB is planning to reduce it’s workforce and recently announced a number of redundancies.
Many people are now turning to alternative places to help manage their money, with a massive growth in Matress and Piggy Bank lodgements noted by the Central Bank.