EBS Building Society

EBS Building Society

EBS Limited was a financial institution in Ireland and was the country's largest building society. EBS has more than 400,000 members and distributes its products through a branch and franchised agency network. It handles direct business by telephone and the Internet. The institution's previous name was Educational Building Society, which reflected the role played by school teachers in its establishment, but "Educational" was later replaced by "EBS", forming a redundant acronym.

EBS was one of last two Irish building societies owned by their members but since July 2011, has been a subsidiary of AIB Bank. With branches throughout Ireland, EBS offers residential and commercial mortgages, personal loans, savings accounts, investment products and a financial planning service.

It formerly did not offer current accounts using its own resources and instead through an agreement with Allied Irish Banks, an ATM card service was operated using AIB's Banklink system. This has now been withdrawn and a Debit Card is provided in conjunction with MasterCard. Similarly, credit cards are offered in conjunction with MBNA.

In 2006, EBS became a tied insurance agent of Irish Life, PLC for the provision of life and investments products. All investment products sold through EBS are managed by Irish Life Investment Managers.

During 2007, a wholly owned subsidiary was established. Haven Mortgages focusses exclusively on the broker market as a separate lender in its own right.

In the 2004 and 2005 "Ireland Great Place to Work" awards, EBS was named as the "Best Company to work for in Ireland with 500-1000 employees". In both these years, EBS was also named as one of the top 100 Best Places to Work in Europe

As and from the 1st July 2011, EBS Building Society ceased to exist and, after being granting a banking license,and demutualising, EBS Building Society became EBS Ltd., a subsidiary of AIB.