Bank
charges for current accounts were very common in Ireland before
2005. Then then many banks dropped most of their account charges.
Ulster Bank is the only bank in Ireland offering completely
free current accounts.
Bank of Ireland , AIB and PTSB all have certain conditions and criteria
you have to meet in order to get free banking.
See more details of Current
Bank Account Charges in Ireland
Even if the banks don't charge you for day to day transactions - Banking
is still not completely free in Ireland. Everyone has to pay the 50
cent government tax on each cheque you write and a 30
euro a year stamp duty on credit cards and 5 euro a year
on debit cards.
Debit
Cards - in Ireland there have been Laser Debit cards in use for
several years . The Laser card is not accepted in many places outside
Ireland or online and is being gradually phased out as the banks start
using Visa Debit cards instead.
Halifax were the first to offer Visa Debit cards in Ireland - followed
by Ulster Bank in 2009 and PTSB in 2010 . See more here about Visa
Debit cards
Bank of Ireland are bringing them in in 2011 and AIB are doing so
in 2012
Opening a Bank Account: If you move to Ireland from overseas
you will not get too far without an Irish bank account. Unless your
employer pays you by cash- you will need a bank account within a month
or two.
Most banks will require proof of your address in Ireland - normally
a utility bill. This could take upto 2 months to get - so be prepared
for a delay. They will also require your passport and details of any
previous bank accounts you have had.
See some information here if you are worried about the collapse of
the Euro and want to move your money into Sterling
Opening a
Sterling account in Ireland
Internet banking is common in Ireland - with AIB , Ulster Bank
, Permanent TSB and Bank of Ireland all providing internet banking
facilities. Even if you are going to use online banking - try and
open an account with a bank that has a local branch. As good as internet
banking is - there may be a need to make visits to the bank now and
then to withdraw or deposit cash.
Many
banks in smaller towns still close for lunch and don't open until
10 am some days.
Ulster Bank recently brought in extended opening hours and Saturday
opening in a bid to attract more customers from the closed down Halifax.