AIB is currently registering customers for its new online share-dealing service, developed with Goodbody Stockbrokers. Registered users will be able to trade online within two weeks.
Online trades will be settled immediately after execution by AIB and funds will be paid into or debited to the customer's current account.
Commission for the execution only service is charged at 1.25 per cent for the first £20,000 (#25,400) and 0.75 per cent for the balance.
There is a minimum charge of £25 per transaction. Shareholdings in the service will be held in electronic form on behalf of the customer in nominee accounts. AIB customers will have access to more than 600 listed stocks on the ISEQ, FTSE 350, Nasdaq 100 and S&P 100 markets.
When buying or selling on the FTSE, customers will be offered a "live" price and have 15 seconds to accept or reject it.
On other markets, pricing will be indicative and customers will be able to instruct execution at a "best" price or set a "limit" price.
Trade will normally be executed within 20 to 30 minutes if the relevant markets are open, according to a statement from the bank.
